San Diego Business Journal


San Diego Rescue Mission Expands Main Campus

The San Diego Rescue Mission took over 7,300 square feet of office space across the street from its main campus at 120 Elm St.

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Google Exec Tapped to Lead Illumina Company

Illumina Inc. is recruiting a Google executive to lead its new cancer detection spinoff, Grail.

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Kearny Mesa Industrial Building Sells for $4.85 Million

Locally based Thomas M. Murray Trust has acquired a Kearny Mesa industrial building for $4.85 million, according to brokerage company Marcus & Millichap.

Revenue, Net Income Rise at Realty Income

Realty Income Corp. saw total revenue rise 6.5 percent from a year ago in its fourth quarter ending Dec. 31, reaching $263.7 million, as net income available to common stockholders increased 7.2 percent, to $76.2 million.

ViaSat Announces Joint Venture, Q3 Earnings

ViaSat Inc. offered new details on its ViaSat-3 satellite constellation on Feb. 9 while separately announcing a joint venture to deliver consumer Internet service in Europe with Paris-based Eutelsat Communications.

Mad Catz Reports Flat Earnings, to Cut Staff by One-Third

Videogame peripheral maker Mad Catz Interactive Inc. reported flat earnings for the third quarter and said it planned to restructure, cutting 37 percent of company staff.

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San Diego Retail Center Sells for $7.67 Million

McClurken Inc. of Spring Valley has acquired a three-building retail center in southern San Diego for approximately $7.67 million, according to CoStar Group and public data.

Amplyx Pharmaceuticals Hires More Execs, Raises $8.7M

San Diego’s Amplyx Pharmaceuticals is beefing up its executive team and tacking on an additional $8.7 million to its recent Series B round, upping the total for that round to $49.2 million.

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Ripplenami Appoints New CEO, CFO

Ripplenami Inc., a local provider of a cloud-based map-making tool, named Jaye Connolly-LaBelle president and chief executive officer and Kendra Berger chief financial officer.

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San Diego Company Tapped to Manage Two Carlsbad Hotels

San Diego-headquartered RAR Hospitality has assumed management of the Holiday Inn Carlsbad and Staybridge Suites Carlsbad, following an agreement with the hotels’ owner, Alps Group of Hotels.

Tri-City Medical Center Hires Firm to Reduce Readmissions

Oceanside’s Tri-City Medical Center is partnering with health-tech firm Aidin to ensure that patients stay healthy after going home.

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Chargers Appoint Maas as Advisor on Stadium Funding Initiative

The San Diego Chargers have appointed Fred Maas, the former chairman of San Diego’s Centre City Development Corp., to advise team owner and Chairman Dean Spanos on an upcoming citizens’ initiative to approve funding for a new football stadium.

Cubic Corp. Reports Q1 Net Loss of $5.4 Million

Cubic Corp. reported a net loss of $5.4 million on sales of $313.8 million in its first quarter, which ended Dec. 31.

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President/CEO of Affirmed Housing to Chair State Housing Consortium

James Silverwood, the president and CEO of local company Affirmed Housing, will serve as 2016 board chair of the California Housing Consortium.

Proposed Minimum Wage Hike Headed to June Ballot

San Diego voters will have the chance to approve a minimum wage hike for the city, as the City Council on Monday unanimously voted to add the measure to the June 7 ballot.

Executive Team Replaced at Mad Catz Interactive

Mad Catz Interactive Inc. announced that its chairman, its chief executive officer and its chief counsel all resigned and have been replaced, effective immediately. The company offered no reason for the changes in a Feb. 8 announcement.

Specialty Skin Care Firm Sente Announces $5 Million in Financing

Sente, a specialty aesthetics firm in San Diego, announced that it has raised $5 million in financing.

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Escondido Office Building, Land Parcel Sold for $7 Million

An affiliate of Escondido-based James Crone & Associates Inc. has acquired office and land properties in that city for a total of approximately $7 million, according to CoStar Group and public data.

Climate Collaborative Receives Grant for Protecting Region’s Coastline

The San Diego Regional Climate Collaborative has received a $689,500 federal grant to protect the coastline from El Nino storms and flooding.

Partnership Buys Oceanside Residential Land for $12.6 Million

A partnership that includes New York-based JEN Partners LLC has acquired 35.5 acres of residential land in Oceanside for approximately $12.6 million, with plans to develop 352 homes, according to CoStar Group and public data.