San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

Cubic Corp. Reports Q1 Net Loss of $5.4 Million

Cubic Corp. reported a net loss of $5.4 million on sales of $313.8 million in its first quarter, which ended Dec. 31.

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President/CEO of Affirmed Housing to Chair State Housing Consortium

James Silverwood, the president and CEO of local company Affirmed Housing, will serve as 2016 board chair of the California Housing Consortium.

Proposed Minimum Wage Hike Headed to June Ballot

San Diego voters will have the chance to approve a minimum wage hike for the city, as the City Council on Monday unanimously voted to add the measure to the June 7 ballot.

Executive Team Replaced at Mad Catz Interactive

Mad Catz Interactive Inc. announced that its chairman, its chief executive officer and its chief counsel all resigned and have been replaced, effective immediately. The company offered no reason for the changes in a Feb. 8 announcement.

Specialty Skin Care Firm Sente Announces $5 Million in Financing

Sente, a specialty aesthetics firm in San Diego, announced that it has raised $5 million in financing.

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Escondido Office Building, Land Parcel Sold for $7 Million

An affiliate of Escondido-based James Crone & Associates Inc. has acquired office and land properties in that city for a total of approximately $7 million, according to CoStar Group and public data.

Climate Collaborative Receives Grant for Protecting Region’s Coastline

The San Diego Regional Climate Collaborative has received a $689,500 federal grant to protect the coastline from El Nino storms and flooding.

Partnership Buys Oceanside Residential Land for $12.6 Million

A partnership that includes New York-based JEN Partners LLC has acquired 35.5 acres of residential land in Oceanside for approximately $12.6 million, with plans to develop 352 homes, according to CoStar Group and public data.

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Local Firm Purchases Scripps Ranch Office Property for $19.75 Million

San Diego-based Cypress Office Properties LLC has purchased the Willow Creek Corporate Center office building in Scripps Ranch for $19.75 million, according to brokerage company JLL.

San Diego-based Cue Partners With Johnson & Johnson for Portable HIV Viral Load Test

Johnson & Johnson has partnered with San Diego-based Cue to develop a cheap, portable and Internet-enabled HIV test.

Two La Jolla Buildings Part of $86.6 Million Portfolio Deal

Two La Jolla properties are among 13 retail and office buildings acquired in a multistate, $86.6 million portfolio deal by an affiliate of New York- based Lone Star Americas Acquisitions LLC, according to CoStar Group and public data.

Turtle Beach Corp. Sells $6.7M Worth of Shares in Offerings

Video game headset maker Turtle Beach Corp. on Feb. 5 said it sold $6.7 million worth of shares this week, using the proceeds to shore up its working capital line of credit.

The Business Calendar for the Week of February 8, 2016

Some of the business events scheduled in the county for the week of February 8, 2016, and beyond.

National University and UC San Diego Extension Announce Partnership for Sustainability Education

National University and University of California, San Diego Extension are introducing a partnership that offers students pathways to pursue studies in the growing field of sustainability management, the schools announced.

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CH Projects to Open New Steakhouse in Little Italy

San Diego-based hospitality venue operator CH Projects plans to open a new Little Italy steakhouse called Born & Raised in late summer of 2016. The venue will debut at 1909 India St. after a $2.5 million renovation of the building that is currently underway.

Aethlon Medical Inc. Reports Q3 Results

Aethlon Medical Inc., a company that makes a blood-filtering device to treat infectious disease and cancer, reported financial results for its fiscal 2016 third quarter.

PriceSmart Sales Increase 3.3% in January

PriceSmart Inc. said its net sales rose 3.3 percent in January compared with last year, despite foreign currency devaluations harming sales at it Colombian stores.

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Chairmen’s RoundTable Elects Thiel as Board Chairman

The Chairmen’s RoundTable, a San Diego nonprofit organization that provides pro-bono mentoring to CEOs of private businesses in the region, announced that it has elected Paul Thiel as its chairman.

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Two La Jolla Buildings Are Part of $86.6 Million Portfolio Deal

Two La Jolla properties are among 13 retail and office buildings acquired in a multistate, $86.6 million portfolio deal by an affiliate of New York- based Lone Star Americas Acquisitions LLC, according to CoStar Group and public data.

Business Calendar for Week of February 8, 2016

Some of the business events scheduled in the county for the week of Feb. 8, 2016, and beyond