San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

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Nassco Awarded $498.1M Contract to Build Mobile Landing Platform Ship

The U.S. Navy awarded General Dynamics Nassco a $498.1 million contract modification to build a fourth Mobile Landing Platform ship of the USNS Montford Point class.

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25 Local Supermarkets Among 146 Being Acquired by Haggen

Pacific Northwest grocery chain Haggen Inc. is acquiring 146 stores in five states, including 25 in San Diego County, as part of a government-required divestment brought about by the pending merger of Safeway and Albertsons, announced earlier this year.

Court Ruling Against Nevada Company Is Good News for Pathway Genomics

An appeals court has ruled against Salt Lake City-based Myriad Genetics Inc. regarding its gene sequencing patents used for breast and ovarian cancers. This ruling is not only good for defendant Ambry Genetics Corp., but for San Diego-based Pathway Genomics Corp., which has also been sued by Myriad.

San Diego County Unemployment Rate Remains 5.8% in November

San Diego’s unemployment rate stayed flat in November from the prior month, at 5.8 percent, but well below the year-ago jobless rate of 7 percent, the state Employment Development Department said.

BAE Systems Receives $8.3M Navy Contract

The U.S. Navy has awarded a contract to maintain and modernize one of its ships, the USS Wayne E. Meyer.

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Travelodge Hotel in Mission Valley Sells for $9 Million

An 83-room Travelodge hotel in Mission Valley has been sold for approximately $9 million, according to brokerage company Marcus & Millichap Inc., which represented the buyer.

The Business Events Calendar for the Week of December 22, 2014

Some of the upcoming business events planned for the county.

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'Celebrity' Endorsement Appears to Give Isis Stock Price a Boost

Shares of Isis Pharmaceuticals Inc. soared to a record high the morning of December 19 following an endorsement by financial personality and former hedge fund manager Jim Cramer.

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Goodwill Industries Buys Chula Vista Retail Buildings for $3.1 Million

Goodwill Industries of San Diego has purchased three Chula Vista retail buildings for approximately $3.1 million, according to CoStar Group and public data.

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San Ysidro Retail Center Sold for $2.85 Million

Southbay Investment Co. LLC of San Diego has purchased a San Ysidro retail center for approximately $2.85 million, according to brokerage company Duhs Commercial Inc., which handled the transaction.

BOMA's TOBY Awards Honor Some Top Properties

The San Diego Building Owners and Managers Association (BOMA) recently announced the winners for the local TOBY awards, “The Outstanding Building of the Year,” at the organization’s Winter TOBY and Membership Awards Gala at the Estancia La Jolla Hotel and Spa.

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'Celebrity' Endorsement Boosts Isis Stock Price

Shares of Isis Pharmaceuticals Inc. soared to a record high the morning of December 19 following an endorsement by financial personality and former hedge fund manager Jim Cramer.

BOMA's TOBY Awards Recognize Some Top Properties

The San Diego Building Owners and Managers Association (BOMA) recently announced the winners for the local TOBY awards, “The Outstanding Building of the Year,” at the organization’s Winter TOBY and Membership Awards Gala at the Estancia La Jolla Hotel and Spa.

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25 Local Supermarkets Are Among 146 Being Acquired by Haggen

Pacific Northwest grocery chain Haggen Inc. is acquiring 146 stores in five states, including 25 in San Diego County, as part of a government-required divestment brought about by the pending merger of Safeway and Albertsons, announced earlier this year.

BAE Systems Receives $8.3 Million Navy Contract

The U.S. Navy has awarded a contract to maintain and modernize one of its ships, the USS Wayne E. Meyer.

County Unemployment Rate Remains 5.8% in November

San Diego’s unemployment rate stayed flat in November from the prior month, at 5.8 percent, but well below the year-ago jobless rate of 7 percent, the state Employment Department said.

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Travelodge in Mission Valley Sells for $9 Million

An 83-room Travelodge hotel in Mission Valley has been sold for approximately $9 million, according to brokerage company Marcus & Millichap Inc., which represented the buyer.

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Goodwill Industries Purchases Chula Vista Retail Buildings for $3.1 Million

Goodwill Industries of San Diego has purchased three Chula Vista retail buildings for approximately $3.1 million, according to CoStar Group and public data.

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San Ysidro Retail Center Is Sold for $2.85M

Southbay Investment Co. LLC of San Diego has purchased a San Ysidro retail center for approximately $2.85 million, according to brokerage company Duhs Commercial Inc., which handled the transaction.

Business Events Calendar for Week of December 22, 2014

Some of the business events upcoming in San Diego County.