San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

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Jeff Russakow Named CEO at Gimbal Inc.

Gimbal Inc. has a new CEO in Bay Area tech executive Jeff Russakow.

Lemon Grove Townhome Property Sells for $4 Million

San Diego-based A&S Group, led by managing members Brandon Blum and Daniel Shkolnik of Inflexus Management, recently acquired the 24-unit Hilltop Townhomes apartment property in Lemon Grove for approximately $4 million, according to brokerage firm South Coast Commercial Inc.

Callaway Signs Schniederjans to Sponsorship Deal

Callaway Golf Co. said on July 27 that it signed 22-year-old Ollie Schniederjans to a sponsorship agreement. Financial terms were not disclosed.

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San Diego Retail Property Sells for $2.8 Million

Lai Family LP has purchased a three-building retail property in San Diego’s Grantville neighborhood for $2.8 million, according to commercial brokerage company Pacific Coast Commercial.

Guild Mortgage's Loan Volume Reaches $6.7 Billion

Guild Mortgage Co.’s loan volume reached $6.7 billion in the first six months of the year, more than double its volume during the same period the year before and its best first half in the company’s history, Guild said Monday.

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Point Loma Apartments Acquired for $3 Million

Mills Family Trust of Los Angeles has purchased an 11-unit apartment property in Point Loma for $3 million, in an all-cash deal, according to brokerage company Marcus & Millichap Inc.

UCSD, La Jolla Institute for Allergy and Immunology Sign Agreement

The La Jolla Institute for Allergy and Immunology announced Monday an official affiliation agreement with the University of California, San Diego Health System.

Salk Institute's President, William Brody, Retiring

William Brody will retire at the end of the year as president of the Salk Institute for Biological Studies in La Jolla, opening up a third major leadership position in San Diego’s science community.

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Haggen Supermarket Chain Announces Workforce Cuts in SoCal

Supermarket operator Haggen Food & Pharmacy, which recently entered the San Diego County region with 25 locations, has announced an unspecified number of layoffs underway at its Southern California stores.

San Diego Private Bank Reports Q2 Net Income of $1.1M

San Diego Private Bank said it had its best second quarter yet, with net income up 85 percent from the year before to $1.1 million.

Cubic Awarded $18M Foreign Military Contract

Cubic Corp. has received an $18 million contract to conduct four years of work for the Australian military.

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Industrial Park Sells for $6.75 Million

Castlerock Investments LLC has purchased a multitenant industrial park in Chula Vista for $6.75 million, according to brokerage company Voit Real Estate Services.

The Business Calendar for the Week of July 27, 2015

Some of the business events planned in the county for the week of July 26, 2015, and beyond.

VetStem Biopharma and Animal Hospital Announce Partnership

Poway-based VetStem Biopharma, a veterinary regenerative medicine company, and VCA Emergency Animal Hospital & Referral Center recently announced an educational and clinical partnership in support of local area veterinarians.

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Opoli, BYD Partnership Brings a Zero-Emission Fleet of Vehicles to San Diego

Opoli Technologies, a transportation app company in the rideshare industry in Southern California, announced a new partnership with BYD Motors Inc. to reduce traffic congestion and emissions in San Diego.

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Larry Blumberg to Retire as Executive Director of SDMAC

Larry Blumberg, executive director of the San Diego Military Advisory Council, will retire from that position at the end of the year, the organization announced July 24.

VetStem and Animal Hospital Announce Partnership

Poway-based VetStem Biopharma, a veterinary regenerative medicine company, and VCA Emergency Animal Hospital & Referral Center recently announced an educational and clinical partnership in support of local area vets.

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Blumberg to Retire as Executive Director of SDMAC

Larry Blumberg, executive director of the San Diego Military Advisory Council, will retire from that position at the end of the year, the organization announced July 24.

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Chula Vista Industrial Park Sells for $6.75 Million

Castlerock Investments LLC has purchased a multi-tenant industrial park in Chula Vista for $6.75 million, according to brokerage company Voit Real Estate Services.

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Haggen Supermarket Chain Cuts Workforce

Supermarket operator Haggen Food & Pharmacy, which recently entered the San Diego County region with 25 locations, has announced an unspecified number of layoffs underway at its Southern California stores.