San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

USD Launches Online Master’s Degree In Law Enforcement And Public Safety Leadership

The University of San Diego has launched an online program for people interested in earning a master’s degree in law enforcement and public safety leadership.

Mission Federal Credit Union to Celebrate Opening of New Eastlake Branch

Mission Federal Credit Union, the second-largest credit union in San Diego as measured by assets, plans to celebrate the opening of its new Eastlake Branch on Saturday, May 9, from 9 a.m. to 1 p.m., 884 Eastlake Parkway, Chula Vista.

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San Diego Regional Chamber Names Dave Haller VP of Membership

The San Diego Regional Chamber of Commerce has hired Dave Haller to be its vice president of membership. Haller most recently was vice president of sales, marketing and account management for North America at WIS International.

Pico Digital Acquiring Key Assets of International Datacasting

San Diego-based Pico Digital Inc., a provider of multimedia delivery solutions to customers in the broadcast, cable, satellite, and broadband markets, announced it has entered into an agreement to acquire the broadcast products business from International Datacasting Corp., a technology provider for the broadcasters in radio, television, data and digital cinema.

Turtle Beach Issues $5M Subordinated Note to Its Controlling Shareholder

Headphone and headset maker Turtle Beach Corp. said on April 23 that it issued a $5 million subordinated note to its controlling shareholder, SG VTB Holdings LLC, an affiliate of Stripes Group LLC.

Grandpoint Bank Gets 5-Star Superior Rating from Agency

Grandpoint Bank and its three divisions, including La Jolla-based Regents Bank, received a 5-Star rating for strength, stability and soundness from independent rating and research firm BauerFinancial based on Dec. 31, 2014, financial data.

Business Calendar for the Week of April 27, 2015

Some of the business events planned in the county for the week of April 27, 2015, and beyond.

Callaway Golf Reports Q1 Net Income of $35.8 Million

Carlsbad-based Callaway Golf Co. reported net income of $35.8 million on net sales of $284.2 million for the first quarter of 2015.

Maxwell Technologies Plans to Sell $10 Million of Stock in Follow-On Offering

Maxwell Technologies Inc., a maker of heavy-duty capacitors for the transportation industry, said on April 23 that it planned to sell $10 million of stock in a follow-on offering.

Melanie Herman Named Interim CFO at Ligand Pharmaceuticals

San Diego-based Ligand Pharmaceuticals Inc. announced the appointment of Melanie Herman as interim chief financial officer, effective May 21.

Seacoast Commerce Reports Q1 Net Income of $1.3 Million

Seacoast Commerce Banc Holdings, the parent company for Seacoast Commerce Bank, reported 2015 first-quarter net income of $1.3 million, compared to net income of $2 million for the same quarter in 2014.

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San Marcos Industrial Building Sells for $2.1 Million

Utah Prime Properties Inc. of Los Angeles has acquired a San Marcos industrial building for $2.1 million, according to CoStar Group and public data.

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Carmel Valley Office Building Purchased for $5.4 Million

CWC Income Properties 3 LLC, a San Diego-based private equity fund, has acquired a Carmel Valley office building for $5.4 million, according to the fund’s parent company.

ResMed Reports Q3 Net Income of $91 Million

ResMed Inc., a company that makes medical devices for sleep-related disorders, reported net income of about $91 million on net revenue of $422.5 million for the third quarter that ended March 31.

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Escondido Apartment Complex Sells for $6.6 Million

Urban Housing Communities LLC has purchased a 44-unit Escondido apartment complex for $6.6 million, according to broker ACI Apartments, which represented the sellers.

S.D. History Center to Recognize 160 Centurions

The San Diego History Center on Saturday will recognize 160 San Diego businesses, organizations and institutions that have been in the city for 100 years or more.

Illumina Reports Q1 Net Income of $136.65 Million

San Diego-based biotechnology firm Illumina Inc. posted a strong first quarter in 2015, reporting a 28 percent growth in revenue year over year.

DOJ Clears The Pasha Group’s Acquisition of Horizon’s Hawaii Business

The U.S. Department of Justice has cleared The Pasha Group’s acquisition of the Hawaii trade-lane business of Horizon Lines Inc., Pasha Group said.

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Three Auto Dealership Buildings Sell for $11.8 Million

An affiliate of Beverly Hills-based O’Gara Coach Co. has purchased three San Diego retail auto dealership buildings for a total of $11.8 million, according to CoStar Group and public data.

Achates Power Opens Office in Detroit

Achates Power Inc., which is developing new diesel engine technologies at its Sorrento Valley headquarters, has opened an office in the Detroit metro area.