San Diego Business Journal


AT&T Announces Local Improvements

AT&T Inc. announced that it put more than $725 million into capital improvements in the San Diego area over the last three years. The corporation counted investments to both its wired and wireless networks made between 2012 and 2014.

One Paseo Project Opponents Submit Signatures for Possible Referendum

The San Diego County Registrar of Voters is reviewing more than 60,000 signatures submitted by opponents of the mixed-used One Paseo project in Carmel Valley, aimed at rescinding San Diego City Council’s recent approval or placing the measure on a future election ballot.

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La Mesa Apartment Property Sells for $2.8M

Joehnk LLC of La Jolla has purchased the 14-unit Chateau Shasta apartment building in La Mesa for $2.8 million, according to ACRE Investment Real Estate Services, which represented the seller.

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Manchester Selling Majority Stake in Grand Del Mar Resort

Private equity firm Blum Capital and the parent of Fairmont Hotels & Resorts are acquiring a majority stake in Carmel Valley’s Grand Del Mar resort for a reported $230 million.

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Cubic Receives $9.4M Army Contract

Cubic Corp. received a $9.4 million U.S. Army contract modification to operate the Korea Battle Simulation Center for the next 12 months. The Pentagon made the announcement March 25.

Business Calendar for Week of March 30, 2015

Some of the business events planned in the county for the week of March 30, 2015, and beyond.

City, County Teaming to Explore Regional Stadium Options

San Diego city and county government leaders have announced plans to work collaboratively, including sharing consultant costs, in order to devise a new regional stadium plan to retain the San Diego Chargers.

BAE Systems Awarded $16.8 Million Navy Contract

The U.S. Navy announced on March 26 that it awarded BAE Systems San Diego Ship Repair a $16.8 million contract modification covering shipyard work for the USS San Diego.

Ramona Getting State’s First Drive-through Dunkin’-Baskin Eatery

Massachusetts-based Dunkin’ Brands Group Inc. has an April 7 opening planned for its new restaurant in Ramona, which officials said will be California’s first drive-through location selling Dunkin’ Donuts and Baskin-Robbins ice cream.

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San Diego Apartments Get $22.8 Million Renovation

National affordable housing developer Vitus Group Inc. has completed a $22.8 million renovation of the 448-unit Meadowbrook Apartments, in San Diego’s Skyline neighborhood.

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BioNano Appoints Terry Salyer as Chief Commercial Officer

BioNano Genomics Inc., a genome mapping company in San Diego, announced the appointment of Terry Salyer as chief commercial officer.

CORRECTION: Mast Therapeutics Files New Shelf S-3 Registration Statement

CORRECTION: Mast Therapeutics Inc., a San Diego-based biopharmaceutical company, filed a new “shelf” S-3 registration statement totaling $166.6 million on March 24.

InfoSonics Introduces Smartphone for Budget-Saavy Consumer

InfoSonics Corp. said on March 23 that it introduced a budget smartphone that offers fast data service known as 4G LTE.

Sloan Foundation Expands Minority Ph.D. Program to UC San Diego

UC San Diego is one of three institutions selected by the Alfred P. Sloan Foundation for a partnership to support under-represented graduate students in STEM fields.

Beechcraft Selling Plane to Iraqi Government

Beechcraft Defense Co. is selling one of its small planes to the government of Iraq under a foreign military sale, the Pentagon announced on March 25.

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Poway Industrial Building Sold for $3.15 Million

Lloyd H. Wells Gift Trust of Poway has acquired a Poway industrial building for approximately $3.15 million, according to CoStar Group and public data.

Mad Catz Announces $3.7 Million Direct Offering

Mad Catz Interactive Inc. announced a $3.7 million direct registered offering.

Rhombus Energy Announces $2.8M Series A Funding

Rhombus Energy Solutions Inc., a San Diego-based energy technology company, said that it raised $2.8 million in Series A funding.

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Movie Theaters, Events Space Planned at Liberty Station

La Jolla-based Backlot Hospitality plans to open a new events space with six movie theaters at the former Luce Auditorium, at Liberty Station in Point Loma.

Competitor Group Names New Senior Leadership

Competitor Group, Inc. (CGI) has announced changes to its senior leadership team.