San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

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Palomar Health Weighing Proposal for Downtown Campus

Escondido finally has an answer – part of one anyway – on what will be done with the hospital campus that has stood as a landmark in the city’s downtown since the 1950s.

Coldwell Banker Acquires Masterpiece Realty Associates

Del Mar-based Masterpiece Realty Associates Inc. has been acquired by real estate brokerage company Coldwell Banker Residential Brokerage, the firm announced Tuesday. Financial terms of the deal were not disclosed.

Fourth-Quarter, Annual Revenue Rise at American Assets Trust

American Assets Trust Inc. saw total revenue rise 7 percent from a year ago for its fourth quarter ending Dec. 31, topping $76.5 million, the San Diego-headquartered company reported.

San Diego 2nd-Least Affordable City for Homebuyers

San Diego was the second-least-affordable large metropolitan area in the country during the fourth quarter of 2016, according to a new salary analysis by online mortgage resource HSH.com.

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Stone Brewing's CFO Recruited by Ken Blanchard Cos.

The Ken Blanchard Companies, a global management training firm, has poached Stone Brewing Co.’s chief financial officer.

County Hotels Saw January Revenue Rise 4.8 Percent

Revenue at San Diego County hotels rose 4.8 percent from a year ago during the month of January, topping $180.5 million, according to the latest monthly data from research firm STR.

Abacus Next Acquires Two Software Companies

Abacus Next of San Diego announced on Feb. 21 that it acquired two companies serving the accounting space, Cloudnine Realtime and Results Software, from the companies’ private owners. Financial terms of the acquisitions were not disclosed.

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Microsoft's Board Chairman Appointed to Illumina Board

Local instrument maker Illumina Inc. has appointed John W. Thompson, a former IBM executive and technology expert, to the company’s board of directors.

Orca Robotics Named Semifinalist in Xprize Competition

Orca Robotics, a San Diego company, is among 21 semifinalists for the $7 million Shell Ocean Discovery Xprize, organizers of the competition announced on Feb. 16.

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Investor Group Unveils Vision for Qualcomm Stadium Site

An investor group has unveiled details of its plan to turn the Qualcomm Stadium site into housing, commercial space and park space.

Airgain Reports Positive Net Income for Q4 and 2016

Airgain Inc. — which makes wireless antennas for household, office and industrial devices — reported net income of $1.1 million on sales of $12.6 million during its fourth quarter, which ended on Dec. 31.

Qualcomm's Chief Accounting Officer to Resign

Qualcomm Inc. notified securities regulators on Feb. 15 that its senior vice president and chief accounting officer, John Murphy, plans to resign on March 17 to pursue other opportunities.

San Diego Businesses Gaining Confidence, Survey Shows

San Diego businesses kicked off 2017 on a positive note, according to an update by the San Diego Regional Chamber of Commerce.

Amazon Game Studios Opens S.D. Office

Amazon Game Studios, the online retail giant’s gaming development arm, has opened an office in San Diego, the company announced.

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Multifamily Tower Planned After $15.2M Property Buys in Little Italy

An affiliate of San Diego-based AAA Management LLC has acquired two land parcels in downtown’s Little Italy for a total of $15.2 million, according to CoStar Group and public data.

Pending Deal Will Determine Strength of Local M&A Activity for 2016

The value of mergers and acquisition transactions in San Diego in 2016 grew 157 percent over the prior year — but 88 percent of the total deal value, $54.06 billion, was attributable to one agreement: Qualcomm’s decision to buy NXP Semiconductors N.V. for $47.6 billion.

Dermata Funding Could Give Co. $10M to Work With

Local biotech Dermata Therapeutics LLC is bringing in $10 million to fuel the development of its dermatological products, the company announced Feb. 16.

The Business Calendar for the Week of February 20, 2017

Some of the business events scheduled in the county for the week of February 20, 2017, and beyond.

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Kearny Mesa Office Building Sold for $5.87 Million

San Diego-headquartered Castle Investment Co. Inc. has acquired a Kearny Mesa office building for $5.87 million, according to CoStar Group and public data.

Positive Responses Push Business Outlook Index Up

San Diego businesses kicked off 2017 on a positive note, according to an update by the San Diego Regional Chamber of Commerce.