San Diego Business Journal


The Business Calendar for Week of October 12, 2015

Some of the business events planned for the county for the week of October 12, 2015, and beyond.

T-Bird Restaurant Group Acquired by H.I.G. Capital

T-Bird Restaurant Group Inc., the exclusive franchisee of the Outback Steakhouse chain in California, announced that is has been acquired by private-equity firm H.I.G. Capital LLC.

Qualcomm Announces Quarterly Dividend, New Server Platform

Qualcomm Inc. wrapped up the week by announcing a quarterly dividend and announcing that a preliminary version of a new server platform for the data center market was available to interested customers.

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Westcore Buys Scripps Ranch Industrial Building for $7.3 Million

Westcore Properties has purchased a Scripps Ranch industrial property for $7.3 million, with plans for an extensive renovation and rebranding, the San Diego-based company announced.

OPKO Health Participates in Financing Round for MabVax

MabVax Therapeutics Holdings, Inc., a clinical-stage cancer immunotherapy company, previously announced that it has closed its public offering of 2,500,000 shares of its common stock and warrants to purchase up to 1,250,000 shares of its common stock. OPKO Health participated in the financing and was one of the largest investors in the round.

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SeaWorld Mulls Response after Panel’s Conditional Approval of Blue World

The parent company of SeaWorld San Diego announced that it will “review its options,” after the California Coastal Commission approved the park’s $100 million Blue World expansion project on the condition that it stop breeding its captive killer whales.

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San Diego Apartment Property Sells for $7.6 Million

An entity recorded as Courtyard on 68th LLC of Irvine has purchased the 38-unit Courtyard on 68th apartment property, in San Diego’s College/Rolando neighborhood, for $7.6 million, according to brokerage firm ACRE Investment Real Estate Services.

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Blackstone Group Acquiring BioMed Realty Trust in $8 Billion Deal

San Diego-headquartered BioMed Realty Trust Inc. has entered into an agreement to be acquired by affiliates of New York-based Blackstone Group, in an all-cash transaction valued at $8 billion, amounting to $23.75 per share.

Report: Short-Term Rentals Have $285 Million Economic Impact in San Diego

Short-term vacation rentals booked in San Diego through home-sharing sites including Airbnb had an economic impact of $285 million in the city during the past year, according to a newly released report by locally based National University System Institute for Policy Research.

Seismic Warning Systems to Use Local Communications Network for Earthquake Warnings

A business that seeks to provide clients with several seconds of advance notice when an earthquake strikes is expanding in Southern California by buying capacity on a local scientific radio communications network.

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AMN Healthcare Services Acquires MillicanSolutions

AMN Healthcare Services Inc. has acquired MillicanSolutions, a physician and executive leadership search firm focused academic medical centers and children’s hospitals.

BioNano Genomics, UCLA to Collaborate on Pediatric Study

BioNano Genomics announced Oct. 8 that it has entered a research collaboration with the University of California, Los Angeles.

Plaza Bank Expands Local Presence By Opening Regional Business Center

Irvine-based Plaza Bank has opened a regional business center in San Diego, the first significant physical presence for the small-business-focused bank.

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Home Sales Drop 5% in 12 Month Period

Sales of San Diego single-family homes dropped 5 percent in September compared to the previous year, with 1,822 sales recorded, according to the Greater San Diego Association of Realtors.

Navy Awards Two Contracts Worth $100 Million to BAE Systems San Diego Ship Repair

BAE Systems San Diego Ship Repair received two contracts collectively worth more than $100 million to cover shipyard work for two U.S. Navy workhorses: a cruiser and a destroyer.

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Realty Income Raises $517 Million in Stock Offering

Realty Income Corp. raised total net proceeds of approximately $517 million from its public offering of common stock that closed on Oct. 7, the San Diego-based company reported.

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Oceanside RV Park Sold for $9.7 Million

Investment firm Pacific Current Partners of Orange County has acquired Oceanside RV Park in Oceanside for $9.7 million, the company announced.

GA-ASI Awarded Two Army Aircraft Contracts

General Atomics Aeronautical Systems Inc. received two aircraft contracts from the U.S. Army at the end of September.

County's Agricultural Value for 2014 Pegged at $1.82 Billion

San Diego’s agricultural output dropped slightly last year, falling about 2 percent to $1.82 billion, county officials said Wednesday.

Scripps Health Affiliates With Pioneers Memorial Healthcare District

Scripps Health and Pioneers Memorial Healthcare District have entered into an affiliation agreement, signed Tuesday at a ceremony at Pioneers Memorial Hospital in Brawley. The two-year agreement marks the first hospital affiliation for Scripps outside of San Diego County.