SD BUSINESS JOURNAL DAILY ENEWS
Cubic Corp. Announces $70M Defense Contract, Reports Earnings
San Diego-based Cubic Corp. said that its defense systems subsidiary received a contract worth more than $70 million from an overseas customer.
Newport Beach Firm Buys Escondido Office Building for $22.3 Million
Peregrine Realty Partners of Newport Beach has purchased La Terraza Corporate Plaza, an office building in Escondido, for $22.3 million, according to brokerage services company CBRE, which represented the buyer and seller.
Lowe Completes Third Phase of $500 Million County Campus
Developer Lowe Enterprises has completed the third phase of the $500 million County Operations Center in Kearny Mesa, among the largest ongoing construction projects in San Diego County.
San Diego Economic Index Drops Slightly in October
An index measuring San Diego’s economy fell 0.4 percent in October, the first time it’s dropped since August of 2012.
Ex-Padre Great Dave Winfield to Help Lead MLB Players Association
Hall of Famer and longtime Padres great Dave Winfield was named as a special assistant at the Major League Players Association, joining recently appointed executive director Tony Clark.
Ligand Pharmaceuticals Raises Q4 and 2013 Forecast
Ligand Pharmaceuticals Inc. has grown its revenue and net income guidance, due to better-than-expected sales of its Captisol product.
Lennar Corp. Awarded $1 Billion in Lawsuit Against Developer
A Miami jury awarded Lennar Corp. $1 billion in civil damages against California developer Nicolas Marsch and his company, Briarwood Capital LLC, on court findings of defamation and conspiracy to extort money from the company.
Palomar Health Is First to Join Mayo Clinic Care Network in California
Palomar Health will join the Mayo Clinic Care Network, the Escondido-based health system announced Wednesday.
Shamrock Group Gets $40 Million Construction Loan for Border Outlet Center
Development firm The Shamrock Group LLC, based in Solana Beach, has obtained a $40 million construction loan for a new outlet shopping center it is building in San Ysidro.
Local Software Company Reaction Design to Merge With Pittsburgh Company
Reaction Design, a San Diego developer of chemistry simulation software, said it entered into a definitive merger agreement with Ansys Inc., a Pittsburgh maker of engineering software.
Helix Electric Gets $24.8M Navy Contract
The U.S. Navy recently awarded San Diego-based Helix Electric Inc. a $24.8 million contract to replace the electrical system for a dry dock at Virginia’s Norfolk Naval Shipyard.
Airport Holding Seminar for Small Businesses on Contract Opportunities
San Diego County Regional Airport Authority, which operates San Diego International Airport, will hold a gathering aimed at helping small businesses win contract work on current airport construction projects.
Apartment Rents Decline 1 Percent
San Diego County apartment rents during the fall declined 1 percent, while the vacancy rates continued to decrease, according to a recent report from the San Diego County Apartment Association.
Sense4Baby Receives Key Regulatory Clearances for Monitoring System
Sense4Baby Inc. — a developer of a remote, wireless maternal-fetal heart rate monitoring system to perform nonstress testing for high-risk pregnancies on a smartphone or tablet — received 510(k) clearance from the U.S. Food and Drug Administration and a CE mark from the European Commission to commercialize its medical device.
Northrop Considers Bigger Designs for ‘Bat’ Unmanned Aircraft
Engineers at Northrop Grumman’s unmanned systems unit in Rancho Bernardo are asking themselves whether their unmanned aircraft called the Bat could be a little bigger.
Alliance Residential Buys Coronado Apartments for $161.5 Million
Alliance Residential Co. of Phoenix has purchased the 549-unit Coronado Bay Club apartment community in Coronado for approximately $161.5 million, according to brokerage services provider Jones Lang LaSalle Inc., which represented the seller.
Welk Resort Group Completes Securitization
Welk Resort Group, the San Diego developer and operator of resort properties, said it closed a $158.7 million securitization backed by notes receivable from vacation ownership interests.
Cubic Receives Navy Training Contract Worth Up to $112M
San Diego-based Cubic Corp. said recently that it won a contract to develop training materials for the U.S. Navy’s littoral combat ship.
Ignyta Raises $54M in 2 Private Placements
San Diego-based cancer drug developer Ignyta Inc. has raised $54 million in two separate stock offerings, exceeding the company’s original target of $35 million.
Zogenix and Battele Extend Collaboration on Needle-Free Drug Delivery
San Diego-based pharmaceutical company Zogenix Inc. announced a long-term collaborative agreement with global research-and-development organization Battelle to co-market Zogenix’s DosePro needle-free drug delivery technology.
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