San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

Internet Poker Legislation Not in the Cards This Session

With the end of the legislative session in sight, the author of the remaining Internet poker bill in the California Legislature called it quits, saying he will try again in the 2015-16 session.

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Escondido Apartment Property Sells for $10.8 Million

Vista International Inc. of San Francisco has purchased the 96-unit Tanglewood Apartments in Escondido for approximately $10.8 million, according to CoStar Group and public data.

Tocagen Fills Key Positions in Clinical Development

San Diego-based Tocagen Inc. announced Wayne Saville has been named vice president of clinical development and Mary Rose Keller has been named vice president of clinical operations.

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Governor Park Office Building Sold for $3.9 Million

Locale Advisors Inc. of San Diego has purchased an office building in the city’s Governor Park neighborhood for approximately $3.9 million, according to a statement from the real estate investment firm.

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Mission Valley Office Building Sells for $3.3 Million

West Coast Development of Mission Viejo has purchased a Mission Valley office building for approximately $3.3 million, according to CoStar Group and public data.

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Qualcomm Delegation Meets With Chinese Regulators

Qualcomm Inc. President Derek Aberle and a delegation from the San Diego company met Aug. 21 in Beijing with Chinese regulators in an attempt to resolve concerns raised by the Chinese government.

BAE Systems Gets Navy Ship Repair Contract Potentially Worth $78M

The U.S. Navy said on Aug. 25 that it awarded BAE Systems San Diego Ship Repair a contract for dry-dock work to the Ticonderoga-class cruiser USS Lake Erie.

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Pinnacle Hotels Completes $3.5 Million Renovation of Four Points by Sheraton

San Diego-based Pinnacle Hotels USA has completed a $3.5 million renovation of the Four Points by Sheraton San Diego Downtown hotel.

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ITC Judge Rules in Favor of ResMed in Patent Infringement Case

An administrative law judge at the International Trade Commission ruled in favor of San Diego-based ResMed against Chinese medical device maker BMC Medical Co. Ltd. in a patent infringement case.

Telik Receives $1.5 Million Contract From National Cancer Institute

Telik Inc., a San Diego-based oncology drug development company, announced it has received a $1.5 million contract from the National Cancer Institute.

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Indus Technology Receives Navy Contract Potentially Worth $7.8M

San Diego-based Indus Technology Inc. said that it received a U.S. Navy contract that could be worth up to $7.8 million over five years if the Navy exercises all of its options.

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Kid Ventures Third Location Set for Liberty Station

San Diego-based Kid Ventures, which operates “edutainment” facilities with children’s activities and adjacent café areas for parents, plans a December opening at Liberty Station in Point Loma.

Opponents of Minimum Wage Hike Begin Referendum Efforts

Opponents of an approved hike in San Diego’s minimum wage have begun circulating petitions to place the matter before voters, following City Council’s recent override of a mayoral veto.

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ViaCyte Gets $20M in Rights Agreement With Janssen

San Diego-based ViaCyte Inc. announced that it has entered into a rights agreement with Janssen Research & Development LLC, one of the Janssen Pharmaceutical Companies of Johnson & Johnson.

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Illumina Inc. Partners With Pharma Companies for Oncology Test System

Illumina Inc. announced it has formed collaborative partnerships with AstraZeneca, Janssen Biotech Inc. and Sanofi to develop a universal next-generation sequencing oncology test system.

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Peregrine Semiconductor Stock Soars on News of Planned Sale to Japanese Company

Shares of San Diego-based Peregrine Semiconductor Corp. rose 60 percent early Aug. 22 on news that Japan-based Murata Manufacturing Co. Ltd. planned to buy the company for $471 million.

The Business Calendar for the Week of August 25, 2014

Some of the business events planned in the county for the week of August 25, 2014.

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Fenway Properties Obtains $7.1M Loan for Office Renovation in Oceanside

Investment firm Fenway Properties of San Diego has obtained $7.1 million in financing for a planned renovation of Tri-City Corporate Towers in Oceanside.

Hot Dog on a Stick Purchased in Bankruptcy for $12.2M

Carlsbad-based Hot Dog on a Stick reportedly has been purchased by a portfolio company of Los Angeles private equity firm Levine Leichtman Capital Partners for $12.2 million.

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$3.7 Million Card Room Project Underway in Chula Vista

Dempsey Construction Inc. of Carlsbad is at work on a $3.7 million renovation and expansion that will convert an existing property into the new location for Village Club Card Room casino in Chula Vista.