San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

Business Calendar for Week of October 3, 2016

Some of the business events scheduled in the county for the week of October 3, 2016, and beyond.

Downtown Partnership Board Supports Chargers’ Ballot Measure

The Downtown San Diego Partnership announced Sept. 30 that its board of directors has voted to support the San Diego Chargers’ Measure C, which calls for a hotel tax hike to finance a proposed new stadium with convention facilities in East Village.

JMI Equity Invests $55 Million in Higher Logic

JMI Equity, a growth equity firm with offices in San Diego and in Baltimore, has invested $55 million in Higher Logic, a Washington, D.C.-based company that provides cloud-based community platforms.

Senomyx Inc. Extends Collaboration With PepsiCo

Senomyx Inc., a local biotech that makes flavor enhancers, has extended its collaboration with PepsiCo.

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Contractor Completes $7M Renovation of U.S. Immigration Services Office

San Diego-based general contractor Pacific Building Group recently completed a $7 million tenant improvement project for the downtown office of the U.S. Citizenship and Immigration Services department, which is part of the federal Department of Homeland Security.

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First U.S. Flagship Showroom for Italian Kitchen Cabinet Maker Aran Cucine Opens in Solana Beach

Aran Cucine, one of the largest Italian kitchen cabinet makers, now has its first flagship showroom in the U.S. at a Solana Beach location.

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SeaWorld San Diego Parent Investing $175 Million in U.S. Theme Parks

SeaWorld Entertainment Inc. plans to invest $175 million in new shows and attractions nationwide in 2017, including its new Orca Encounter at SeaWorld San Diego. Officials said the investment will be among the biggest one-year capital-spending tallies in the theme park operator’s five-decade history.

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San Diego Airport Passenger Traffic Rose 2.1% in August

August passenger traffic rose 2.1 percent from a year ago at San Diego International Airport, with the facility handling more than 1.9 million arriving and departing travelers during the month.

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S.D.’s Construction Starts Rose 28 Percent in First 8 Months

The value of San Diego County’s construction starts rose 28 percent from a year ago in the first eight months of 2016, topping $2.86 billion, according to the latest monthly figures from Dodge Data & Analytics.

CDC Small Business Finance to Receive Grant From MUFG Union Bank Foundation

CDC Small Business Finance, the San Diego-based not-for-profit lender, has received a $150,000 grant from the MUFG Union Bank Foundation to provide advising services to small businesses.

PSAR CEO Will Also Lead North San Diego County Association of Realtors

Following an agreement struck earlier this year by two San Diego-area Realtor trade groups to share resources, the CEO of the smaller of the two organizations has been tapped to head up both starting Oct. 1.

Qualcomm Joins Several Other Companies to Form 5G Automotive Association

Qualcomm Inc. has joined several global wireless companies and German auto industry players in what the partners are calling the 5G Automotive Association.

Franklin Wireless Corp. Reports Net Sales of $59.8 Million For 2016

Franklin Wireless Corp. — a Mira Mesa business that produces wireless modems, routers and hotspots — finished its 2016 fiscal year with net income of $1.61 million on net sales of $59.8 million. The company reported results Sept. 28.

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Grocer Sprouts Signs Lease for New Store in Clairemont

Sprouts Farmers Market has leased 32,688 square feet in San Diego’s Clairemont neighborhood, with plans to open a new store in fall 2017, CoStar Group reported.

Sempra's Mexican Subsidiary Secures Rights to Two Solar Projects

Sempra Energy’s Mexican subsidiary, Infraestructura Energética Nova S.A.B de C.V., prevailed in a recent auction to secure rights to two solar energy projects totaling 141 megawatts-ac.

Sirenas LLC Wins $775,000 Grant From Bill & Melinda Gates Foundation

Biotech upstart Sirenas LLC has landed a $775,000 grant from the Bill & Melinda Gates Foundation to discover potential therapies to treat neglected diseases.

Ranking Finds S.D. Beats Competitors on Parks, Bicycles, Weather

San Diego outranks many of its competitor cities in “livability” measures such as parks and bicycle infrastructure and weather, but lags in areas including joblessness and poverty, according to a report released Sept. 29 by the San Diego Regional Chamber of Commerce.

California Association of Realtors Offers Predictions for 2017 Housing Market

Despite a shortage of homes for sale and mounting affordability concerns, California’s housing market will rebound slightly from 2016’s dip in sales activity to post a nominal increase in volume next year, the California Association of Realtors predicted in a report issued Sept. 29.

Qualcomm Looking to Acquire NXP Semiconductors NV For $30B

Qualcomm Inc. is reportedly in talks to acquire NXP Semiconductors NV in a deal that could be worth more than $30 billion. The Wall Street Journal made the assertion in a Sept. 29 report, citing unnamed sources.

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Report: Federal Government Examining Sale of Hotel del Coronado

The federal government is scrutinizing the proposed purchase of Hotel del Coronado by Chinese insurer Anbang Insurance Group Co., due to its proximity to a large U.S. Navy base, Bloomberg News reported.