San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

Apricus Biosciences Terminates One Agreement, Signs Another

San Diego biopharma Apricus Biosciences is expanding its exclusive distribution deal with Swiss firm Ferring Pharmaceuticals Inc. and terminating its deal with German drugmaker Sandoz.

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Irvine Investment Firm Buys Sorrento Mesa Industrial Buildings for $49M

An affiliate of Irvine-based healthcare property investment company HCP Inc. has purchased a portfolio of two Sorrento Mesa industrial properties and an adjacent land parcel for $49 million, according to CoStar Group and public data.

The Business Calendar for the Week of July 25, 2016

Some of the business events scheduled in the county for the week of July 25, 2016, and beyond.

San Diego-Based Blue Seas Fabrication Opens Operation

Blue Seas Fabrication has opened for business.

Business Calendar for Week of July 25, 2016

Some of the business events scheduled in the county for the week of July 25, 2016, and beyond.

Allergan Terminates Agreement With Adamis Pharmaceuticals

Pharmaceutical giant Allergan Plc is backing out of its deal with San Diego-based Adamis Pharmceuticals Corp. to commercialize the firm’s epinephrine pre-filled syringe for the treatment of life-threatening allergic reactions (anaphylaxis).

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Crunch Fitness Opening Four New Gyms in San Diego Market

A local franchisee of New York-based Crunch Fitness, which operates gym facilities, has at least four new locations set to open in San Diego County, according to brokerage firm The Heritage Group, which handled recent local leasings.

AristaMD Raises $11 Million in Series A Financing

Local digital health company AristaMD raised $11 million in a Series A financing, the company announced Friday.

California Tops Nation in Number of Construction Jobs Added

California added 32,300 construction jobs between June 2015 and June 2016, the most of any state, according to an analysis of Labor Department data released by the Associated General Contractors of America.

Sempra U.S. Gas & Power Acquires Wind Energy Project in Michigan

Sempra U.S. Gas & Power said on July 22 that it acquired the Apple Blossom wind energy project in Michigan for undisclosed terms. The seller was Geronimo Energy LLC.for undisclosed terms. The seller was Geronimo Energy LLC.

County’s Unemployment Rate Inched Up to 5.1 Percent in June

The unemployment rate in San Diego County was 5.1 percent in June 2016, up from a revised 4.2 percent in May 2016, and below the year-ago estimate of 5.2 percent, according to a news release from the state Employment Development Department.

ProSol Associates Receives 5-Year Contract to Teach at Marine Corps Installations

ProSol Associates LLC, a small business based in Alexandria, Va., received a five-year contract to teach communications electronics at Marine Corps Base Camp Pendleton and other Marine Corps installations. Local work is valued in the millions of dollars.

App-Enabled Jet Booking Service Expands to San Diego

Florida-based JetSmarter recently announced an expansion into the San Diego market for its app-enabled service that lets travelers book single seats on private jets.

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Alaska Airlines Offering New Direct Local Flights to Newark

Alaska Airlines will offer new daily nonstop service between San Diego and Newark, New Jersey, beginning Nov. 21, the carrier and San Diego International Airport officials announced.

Survey: Development Sentiment Strong Despite Growth Concerns

California commercial developers generally remain optimistic about prospects for new projects through 2019, though there are concerns about a potential slowdown in economic growth, according to the latest statewide survey from UCLA Anderson Forecast and the law firm Allen Matkins.

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Kensington Apartments Sold for $2.77 Million

A La Jolla buyer recorded as Beachfront I LP has acquired a 12-unit apartment property in San Diego’s Kensington neighborhood for approximately $2.77 million, according to brokerage firm Apartment Realty Group Inc. (ARG)

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El Cajon Retail Buildings Sell for $4.55 million

A Lemon Grove buyer recorded as El Cajon Investments Group LLC has acquired a two-building retail property in El Cajon for $4.55 million, according to CoStar Group and public data.

UCSD to Open Tokyo Office to Further Japanese Partnerships

The University of California, San Diego is opening an office in downtown Tokyo, where researchers will seek partnerships with Japan’s booming life science industry.

Cubic Corp. Exec to Talk Up Co. at Comic-Con

A Cubic Corp. executive will be at Comic-Con — no joke — to discuss company projects funded by the Defense Department.

New Accelerator to Target Cannabis Technology Companies

A new business accelerator targeting cannabis technology companies is opening in San Diego.