San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

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Rancho Bernardo Industrial Property Sells for $10.5 Million

Seven C’s Group LLC has purchased Via Frontera Business Park, a two-building industrial property in Rancho Bernardo, for $10.5 million, according to Colliers International, which represented the seller.

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McDonald’s to Test All-Day Breakfast in San Diego County

McDonald’s Corp. on April 20 will begin a test of all-day breakfast item sales at 94 of its 110 San Diego County restaurants.

UC Irvine to Conduct Clinical Trial of Aethlon Device

Aethlon Medical Inc., a medical device company developing therapies for infectious diseases and cancer, announced that it has entered into a clinical trial agreement with the University of California, Irvine.

SDSU Business School Team Takes First Prize in Competition

A three-man team representing the College of Business Administration at San Diego State University took first prize in the Richard Barrentine Values and Ventures Business Plan Competition held earlier this month at Texas Christian University.

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San Marcos Retail Center Sold for $14.35 Million

Costa Mesa-based Webb Management & Investments has acquired a four-building shopping center property in San Marcos for $14.35 million, according to CoStar Group and public data.

Program Examines Military's Future in San Diego

Citizens Coordinate for Century 3 will offer a look at the military in San Diego as part of its Breakfast Dialogue program series.

Investor Suggests Ways Qualcomm Can Increase Its Value

Qualcomm Inc. faces several chances to increase shareholder value, New York-based JANA Partners LLC said in a letter to shareholders on April 13, noting at one point that the San Diego company could profitably sell its chip-making segment.

Mentor Capital Obtains $1.3M in Long-Term Financing

Mentor Capital Inc. a San Diego-based company which seeks to take significant positions in medical marijuana and cannabis companies, announced that it has entered into a contract to receive $1,287,000 in funding to support its medical marijuana efforts in exchange for 757,059 shares at a price of $1.70 per share.

Halyard Capital Acquires Harte Hanks Market Intelligence

Halyard Capital, a New York-based private equity fund, announced the acquisition of San Diego-based Harte Hanks Market Intelligence and The Aberdeen Group from Harte-Hanks, Inc.

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Chula Vista Industrial Building Sells for $3.56 Million

Buyers recorded as Britannia Partners LLC and VJS have purchased a Chula Vista industrial building for approximately $3.56 million, according to CoStar Group and public data.

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La Casa del Zorro Getting $3 Million in Solar Upgrades

La Casa del Zorro in Borrego Springs has completed a $150,000 “solar farm,” the first of two projects totaling more than $3 million aimed at making the resort more energy-independent and eco-friendly.

Irvine Firm Buys Club Pilates Founded by S.D. Woman

Irvine-based LAG Fit Inc. has acquired Club Pilates, a franchised chain of 35 Pilates studios in the U.S. and Australia.

Acquisition of Pulse Electronics Completed

San Diego-based Pulse Electronics Corp. announced its acquisition by certain affiliates of investment funds managed by Oaktree Capital Management L.P. (such affiliates, “Oaktree”) has been completed. The deal was announced March 2.

Ichor, Janssen Partner to Develop DNA-Based Vaccines

San Diego-based Ichor Medical Systems said Monday that it has partnered with Janssen Pharmaceuticals to develop DNA-based vaccines. The privately held biotech can earn up to $85 million under the contract, along with royalties on any product sales.

Cerner, Qualcomm Life Bring Health Monitoring into Home

Cerner Corp. and Qualcomm Life Inc., a subsidiary of Qualcomm Inc., announced Monday an agreement to extend Cerner's medical device connectivity capabilities beyond the hospital to the home.

Susan G. Komen San Diego Names Chairwoman, New Appointments to Board

Susan G. Komen San Diego’s Board of Directors announced the election of Irene Oberbauer as the organization’s chair and the appointment of four new board members.

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Retail-Office Building at Liberty Station Sells for $5.2 Million

Tower Investments LLC has purchased a multi-tenant retail and office building at Liberty Station in Point Loma for $5.2 million, according to Voit Real Estate Services, which represented the seller.

Neothetics Begins Phase 3 Trials of Weight-Loss Drug

Neothetics Inc., a maker of cosmetic pharmaceutical therapies, announced Monday that it has initiated two Phase 3 trials for its drug candidate meant to reduce “abdominal bulging” in non-obese patients.

Three Local Firms Make Top 50 in Apartment Industry Rankings

Three San Diego-headquartered firms ranked among the top 50 U.S. companies in three industry categories tracked in a recent annual report by the National Multifamily Housing Council, an apartment industry trade group based in Washington, D.C.

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Blackstone to Acquire San Diego's Excel Trust in $2 Billion Deal

Excel Trust Inc., a San Diego-based real estate investment company, has entered into an agreement to be acquired by Blackstone Property Partners LP in an all-cash transaction valued at approximately $2 billion, the companies announced.