San Diego Business Journal


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Region Gets New Purveyors of Pizza, Coffee, Juice and Shoes

Stella Public House and Halcyon, described as “sister restaurant” concepts by Austin-based investment group Zebo, will be among the next arrivals in the already buzzing culinary scene of downtown San Diego’s East Village.

Economic Index Shows Fourth Consecutive Month of Growth

An index measuring San Diego’s economy increased 0.6 percent in September, the fourth consecutive time it’s risen and the largest monthly spike since February 2013.

National University To Offer Discounts to County's 16,000 Employees

National University and the County of San Diego announced an agreement Friday in which the private, nonprofit, La Jolla-based university will provide educational and scholarship opportunities to the county’s approximately 16,000 employees.

Peregrine Reports $43 Million in Third-Quarter Earnings

Peregrine Semiconductor Corp., the San Diego-based maker of high-speed, radio frequency chips, reported third-quarter revenue of $43 million, down from $60 million for the like quarter of 2013.

Business Calendar for Week of November 3, 2014

Some of the business events planned for the county during the week of November3 and beyond.

Mast Therapeutics Reports Third Quarter Loss of $7.9 Million

Mast Therapeutics Inc., a pre-revenue, clinical-stage biopharmaceutical company in San Diego, reported a net loss of $7.9 million for the third quarter ending Sept. 30, 2014, compared to a net loss of $5.3 million for the same period in 2013.

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ROIC Reports 50 Percent Rise in Third Quarter Revenue

Total revenue at Retail Opportunity Investments Corp. rose 50 percent from a year ago in the third quarter ending Sept. 30, reaching $40.9 million, officials of the San Diego-based company reported.

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Excel Trust Sees 4.5 Percent Revenue Increase in Third Quarter

San Diego-based Excel Trust Inc. posted a 4.5 percent gain from a year ago in total revenue for its third quarter ending Sept. 30, reaching $30.2 million.

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Douglas Wilson Cos. Among Firms Planning $200 Million Mixed-Use Arizona Project

A partnership that includes San Diego-based Douglas Wilson Cos. has acquired a property in Tempe, Ariz., for approximately $16.8 million, with plans to develop a $200 million, mixed-used project that includes a hotel and office tower.

Vical Inc. Announces $4.4 Million Loss For Third Quarter

Vical Inc., a San Diego-based biopharmaceutical company, announced Thursday that it lost $4.4 million in the third quarter, or 5 cents per share, which is 1 cent below what Wall Street analysts were projecting. The loss is less than half the $9.9 million Vical lost in the same period in 2013.

Balboa Park to Get Tech Upgrades With $1 Million Donation

Visitors to Balboa Park will soon be able to enjoy Internet access and other high-tech improvements following a $1 million donation from the James Irvine Foundation to double the size of the park’s WiFi network.

AMN Healthcare Reports $265 Million in Third-Quarter Revenue

AMN Healthcare Services Inc., a San Diego-based staffing company, announced quarterly revenue of $265 million for the third quarter of this year.

Vibra Bank Acquired by Los Angeles Bank

Vibra Bank, based in Chula Vista and one of San Diego’s smallest with about $148 million in assets, said it signed a definitive agreement to be acquired by Pacific Commerce Bank of Los Angeles in a stock and cash deal valued at $16 million.

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Third-Quarter Revenue Rises 6 Percent at BioMed Realty Trust

San Diego-based BioMed Realty Trust Inc. saw total revenue rise 6 percent from a year ago in its third quarter ending Sept. 30, reaching $168.9 million, with rental revenue for the period hitting a company record $122.8 million.

Apartments Planned at San Diego Site Acquired for $3.5 Million

Rize Eagles LLC has purchased a 1.8-acre parcel in San Diego’s College area for $3.5 million, with plans to develop a new apartment community, according to brokerage company Colliers International.

Fourth-Quarter Revenue Up 6.3 percent at PriceSmart Inc.

PriceSmart Inc., the San Diego operator of club warehouse stores in Latin America and the Caribbean, reported fiscal 2014 fourth quarter revenue of $622.6 million, up 6.3 percent from the like quarter of 2013.

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Wermers Completes $6.5 Million Kensington Apartment Project

San Diego-based Wermers Multi-Family Corp. recently completed construction of Kensington Commons, a 34-unit apartment project on Adams Avenue in the city’s Kensington neighborhood.

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Realty Income Reports Third-Quarter Gains in Revenue, Income

Realty Income Corp. posted a 16.6 percent gain in revenue from a year ago and a 40.8 percent rise in net income available to common stockholders for its third quarter ending Sept. 30.

Thomas Jefferson Reaches Restructuring Deal With Bondholders

Thomas Jefferson School of Law said it signed a restructuring agreement with its bondholders, reducing its debt from $127 million to $40 million, and lifting the cloud of default.

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County Construction Contracts Up 30 Percent in First 9 Months

San Diego County’s contracts for future construction rose 30 percent in value for the first nine months of 2014 compared with the same year-ago period, topping $3.2 billion, according to the latest data from McGraw Hill Construction.