San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

In Required Second Vote, Council Again Approves Minimum Wage Hike

In a required second vote, San Diego City Council members approved a series of minimum wage hikes.

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Local Contracts for Planned Future Construction Increase 50% in First Half

San Diego County contracts for future construction rose 50 percent from a year ago in the first six months of 2014, with residential and nonresidential projects topping $2.63 billion, according to the latest data from McGraw Hill Construction.

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ViaSat Acquires Some of Gray Labs' Assets

ViaSat Inc. said on July 28 that it acquired certain assets of Georgia-based Gray Labs Inc. for undisclosed terms.

PaxVax Secures $62 Million in Funding

PaxVax, Inc., a Redwood City-based vaccine company with manufacturing facilities in San Diego, announced that it has secured up to $62 million in additional funding as part of the acquisition of an oral typhoid vaccine, Vivotif, from Crucell Switzerland AG.

Jarrett Picked to Lead Civic San Diego

Reese Anthony Jarrett was named the head of Civic San Diego, the city’s nonprofit for public-private development projects and programs, by Mayor Kevin Faulconer.

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Sapphire Names Levine President, CEO

San Diego-based Sapphire Energy Inc., a producer of algae cultivation technologies, appointed James Levine as president, CEO and board member, the company announced.

Virkud Named President, CEO of 3E Co.

Carlsbad-based 3E Co., a provider of environmental health and safety compliance and information management services, appointed Uday Virkud as president and CEO, the company announced.

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Lincoln Property Buys SKLZ Headquarters Building for $21 Million

Denali California Faraday Industrial LLC, an entity of Dallas-based Lincoln Property Co., has purchased the Carlsbad building housing the corporate headquarters of SKLZ for $21 million.

Quidel Receives FDA Clearance for Strep Diagnostic

Quidel Corp., a San Diego-based diagnostics company, has received FDA clearance for its molecular diagnostic test, AmpliVue GAS Assay, used for detecting Group A strep.

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Peregrine Reports Q2 Results

San Diego-based Peregrine Semiconductor Corp. reported second-quarter revenue of $47.1 million compared with $52.4 million for the like period of 2013.

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Escondido Apartments Sold for $7.9 Million

Viewpoint Equities Inc. of San Diego has purchased a 51-unit apartment building in Escondido for approximately $7.9 million, according to CoStar Group and public data.

Port Board Approves Severance for Controversial CEO

Wayne Darbeau is leaving his job as CEO of the Port of San Diego following a controversy.

Cypher Genomics Inc. Teams With Illumina, Also Names President and COO

San Diego-based Cypher Genomics Inc. announced a co-promotion agreement with Illumina Inc. and the selection of Adam Simpson as president and chief operating officer.

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DJO Global Reports Net Sales of $313.9 Million for Q2

DJO Global Inc., the Vista-based maker of orthopedic devices, reported second quarter net sales of $313.9 million, up 6.5 percent from the like quarter of 2013.

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BioMed Realty Trust Signs Bristol-Myers to Additional Space and Lease Extension

Bristol-Myers Squibb has signed a 10-year lease with San Diego-based BioMed Realty Trust Inc. for about 61,000 square feet of additional laboratory and office space at BioMed’s Woodside Technology Park, a life science industry campus in Redwood City.

The Business Events Calendar for the Week of July 28, 2014

Some of the business events scheduled in the county for the week of July 28, 2014.

Boston Marathon Winner to Set the Pace for Competitor Group's Running Brands

Competitor Group Inc., the San Diego based media and event business that organizes the Rock ‘n Roll Marathon Series, said it named Meb Keflezighi as the first vice president of running.

Fitch Ratings Assigns ‘AAA’ Rating to Regional Transportation Sales Tax Revenue Bonds

Fitch Ratings has assigned an ‘AAA’ rating to the San Diego County Regional Transportation Commission’s $350 million sales tax revenue bonds, 2014 series A.

Port Approves Severance Agreement, Mutual Release for Controversial CEO

Wayne Darbeau is leaving his job as CEO of the Port of San Diego following a controversy.

Fitch Assigns ‘AAA’ Rating to Regional Transportation Sales Tax Revenue Bonds

Fitch Ratings has assigned an ‘AAA’ rating to the San Diego County Regional Transportation Commission’s $350 million sales tax revenue bonds, 2014 series A.