San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

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Richman Group Plans $100 Million Mixed-Use Project in East Village

San Diego’s downtown project oversight agency has approved plans by Richman Group of California Development Co. for a $100 million mixed-use, high-rise residential project in East Village.

E-commerce site GovX.com Completes $11.5M Funding Round

E-commerce site GovX.com said on July 31 that it completed an $11.5 million funding round to expand its service offerings.

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ResMed Announces China Expansion and Q4 Results

Medical device firm ResMed is set to expand in China and says it remains on track to meet its 2020 goals after a lift in its fourth-quarter revenues, according to recent financial statements.

SBA Lending on Pace for Possible 'Record-Setting Year'

San Diego and Imperial County banks and other lenders issued 663 Small Business Administration-backed loans worth $287 million in the past nine months, about a 20 percent increase from last year, the SBA said recently.

The Business Calendar for the Week of Aug. 3, 2015

Some of the business events planned in the county for the week of Aug. 3, 2015, and beyond.

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BioMed Realty Trust Reports Strong Leasing in Q2

San Diego-based BioMed Realty Trust Inc. posted total revenue of approximately $158 million for its second quarter ending June 30, down from $171.2 million for the same period of 2014.

Suneva Medical Raises $35.4M in Capital

San Diego-based Suneva Medical Inc., a developer of facial skin products, announced the closing of a $15 million equity investment by Almirall Inc., an affiliate of Almirall S.A., a global pharmaceutical company primarily focused within the therapeutic area of medical dermatology.

Insight San Diego Report Card Sees Room for Improvement

San Diego received passing, but middling, grades on its economy, environment and social equity, according to a local report card backed by the San Diego Regional Economic Development Corp. and others.

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Vista Industrial Building Sold for $3.15 Million

Investor Paul Wagner of Carlsbad has acquired a Vista industrial building for $3.15 million, according to brokerage company Lee & Associates and public data.

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BioMed Realty Trust Reports Strong Leasing in Second Quarter

San Diego-based BioMed Realty Trust Inc. posted total revenue of approximately $158 million for its second quarter ending June 30, down from $171.2 million for the same period of 2014.

Business Calendar for Week of August 3, 2015

Some of the business events planned in the county for the week of Aug. 3, 2015, and beyond.

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Vista Industrial Building Sold for $3.15M

Investor Paul Wagner of Carlsbad has acquired a Vista industrial building for $3.15 million, according to brokerage company Lee & Associates and public data.

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Richman Group Plans $100M Mixed-Use Project in East Village

San Diego’s downtown project oversight agency has approved plans by Richman Group of California Development Co. for a $100 million mixed-use, high-rise residential project in East Village.

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ResMed to Expand in China, Announces Q4 Results

Medical device firm ResMed is set to expand in China and says it remains on track to meet its 2020 goals after a lift in its fourth-quarter revenues, according to recent financial statements.

Suneva Medical Raises $35.4 Million in Capital

San Diego-based Suneva Medical Inc., a developer of facial skin products, announced the closing of a $15 million equity investment by Almirall Inc., an affiliate of Almirall S.A., a global pharmaceutical company primarily focused within the therapeutic area of medical dermatology.

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Excel Shareholders Approve $2 Billion Acquisition By Blackstone

Shareholders of San Diego-based Excel Trust Inc. have formally approved the previously announced acquisition of the company by Blackstone Group, in a deal valued at approximately $2 billion.

Maxwell Technologies Restructuring, Reducing Staff

Maxwell Technologies Inc., a maker of energy storage devices called ultracapacitors, said on July 30 that it was in the process of restructuring, reducing head count and consolidating U.S. manufacturing operations, all in order to reach profitability.

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Second-Quarter Revenue, Income Rise at Realty Income

San Diego-based Realty Income Corp. saw revenue rise 11.1 percent from a year ago in its second quarter ending June 30, reaching $253.9 million.

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Marla Black to Lead Junior Achievement of San Diego County

Veteran banker Marla Black has been named president and chief executive officer of Junior Achievement of San Diego County.

BofI Holding Inc. Reports Q4 Net Income of $24.4 Million

BofI Holding Inc., the parent company of San Diego-based BofI Federal Bank, reported fourth-quarter net income of $24.4 million on Thursday, a 52 percent increase over the year before and the 14th consecutive quarter of record earnings.