SD BUSINESS JOURNAL DAILY ENEWS
General contractor McCarthy Building Companies Inc. has relocated its San Diego operations to larger facilities in the Kearny Mesa neighborhood.
Cameron Brothers Construction Co. LP has purchased four adjacent industrial buildings in El Cajon for $5 million, according to brokerage company Pacific Coast Commercial, which represented the seller.
One Roof Energy Group Inc., a San Diego-based provider of solar energy services in five states, reported a third quarter net loss of $8.9 million, down from a $11.2 million net loss in the like quarter of 2013.
Aethlon Medical Inc., a San Diego-based medical device company making devices to treat infectious disease and cancer, announced the first shipment of its blood filtration device as a candidate to treat future Ebola virus infections in the United States.
Cubic Corp. reported net income of $32.8 million on record quarterly sales of $396.4 million during its fourth quarter, which ended Sept. 30. For the year, Cubic (NYSE: CUB) reported net income of $69.5 million on annual sales of $1.398 billion.
San Diego Gas & Electric will host a free, bilingual seminar on how small and medium-sized businesses can reduce their company’s energy costs on Dec. 4.
The $907 million Green Build Terminal 2 expansion at San Diego International Airport was recently named Best Project, in annual awards bestowed by the industry news publication Engineering News-Record, published by McGraw-Hill Construction.
Chelsea Investment Corp. has entered into a $28.6 million joint venture with the current property owner to acquire and renovate the 152-unit Westminster Manor senior housing building in downtown San Diego, according to brokerage company Colliers International.
The Asian Real Estate Association of America, a national trade group based in San Diego serving Asian Americans in the real estate industry, said a recent report shows that segment applied for and obtained the largest share of purchase mortgages than any other minority group in recent years, measured both in number and dollars.
RF Industries Ltd., a San Diego-based maker and distributor of connectors and cable assemblies for the wireless industry, said its board of directors declared a regularly quarterly dividend of 7 cents per share.
California continues to rank at the top of life science-related economic growth, with the industry now producing $101 billion in total revenue, according to a report released last week by the California Healthcare Institute and the consulting firm PricewaterhouseCoopers.
Cubic Corp. said on Nov. 24 that it received more than $51 million in orders from the U.S. Army for laser-based equipment to be used during war games.
The reported work slowdown at the Los Angeles and Long Beach container ports is having no effect on operations at the Port of San Diego, according to a port spokeswoman.
HFF announced that it has secured a $140 million financing for the Omni San Diego hotel, a 511-room, 21-story luxury convention center hotel. Proceeds from the financing will be used to refinance the existing debt on the hotel, HFF said.
Civic San Diego, the city’s downtown project oversight agency, has issued a request for proposals for professional advisory services, related to plans by the organization to form a transit-oriented development investment fund.
An affiliate of Hyspan Precision Products Inc. of Chula Vista has purchased a Carlsbad office building for $4.85 million, according to CoStar Group and public data.
Mana Investments, a Carlsbad firm focused on real estate investments, said it’s assembled a portfolio of residential land with some 2,700 lots in various stages of development, and beginning to sell.
San Diego-based MG Properties Group has acquired two apartment properties in Napa and Tempe, Ariz., for a total of approximately $50 million, the private investment firm announced.
Roambi, a San Diego business that provides an app for making better use of data, said Quinton Alsbury is its new CEO, succeeding his partner and the company’s co-founder, Santiago Becerra.
San Diego finished second to Bermuda in a high-stakes race to host the 2017 America’s Cup, according to an Associated Press report.