San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

Former Qualcomm Exec Sentenced to 18 Months and Fined for Insider Trading, Obstruction of Justice

A federal judge sentenced a former Qualcomm Inc. executive to 18 months in prison and fined him $500,000 for acting on insider information to profit from stock trades and then trying to cover up the incidents.

Hollywood Casino Jamul-San Diego Hoists Final Steel Beam of Construction

The Jamul Indian Village said June 25 that it hoisted the final steel beam of its building project — the Hollywood Casino Jamul-San Diego — into place.

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San Diego Junior Achievement Team Takes Company of the Year Title at National Competition

The teen entrepreneurs of CCA Today from Junior Achievement of San Diego County were selected from among 15 JA student companies as the JA Company of the Year, Powered by The Hartford, at Junior Achievement’s National Student Leadership Summit.

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Nine Local Retail Properties Sold for $183.25 Million

New York-based Angelo Gordon Real Estate Co. and Citivest Commercial Investments LLC of Newport Beach have purchased a portfolio of nine San Diego County retail properties for $183.25 million, according to Flocke & Avoyer Commercial Real Estate.

Business Calendar for Week of June 29, 2015

Some of the business events scheduled in the county for the week of June 29, 2015, and beyond.

SANDAG Awards $39M Contract for Transit Work

Watsonville-based Granite Construction Inc. announced that it has been awarded a $39 million contract by the San Diego Association of Governments (SANDAG) to construct new bus rapid transit stations along state Route 15 at El Cajon Boulevard and University Avenue in San Diego County.

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Celladon Suspending R&D Activities

Celladon Corp. announced that it will suspend all research and development activities.

DJO Global Agrees to Buy Certain Assets From Zimmer

Encore Medical, a subsidiary of Vista-based medical device firm DJO Global, has entered into an agreement with Zimmer Holdings Inc. to purchase products to help it invest in the implant business.

Gulls Name Head Coach

The San Diego Gulls named former Edmonton Oilers head coach Dallas Eakins to lead the coaching staff of the Anaheim Ducks’ minor league team.

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Mira Mesa Office, Industrial Buildings Sell for $23.5M

An affiliate of Cypress Office Properties of San Diego has purchased a four-building office and industrial portfolio in Mira Mesa for $23.5 million, according to CoStar Group and public data.

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San Diego Junior Achievement Team Wins Company of the Year Title at National Meet

The teen entrepreneurs of CCA Today from Junior Achievement of San Diego County were selected from among 15 JA student companies as the JA Company of the Year, Powered by The Hartford, at Junior Achievement’s National Student Leadership Summit.

Mad Catz Interactive Reports 2015 Fiscal Year Results

Mad Catz Interactive Inc., the publicly traded maker of videogame peripherals based in Scripps Ranch, closed the books on its fiscal year with an auditor’s word of caution and a vote of confidence from its bank.

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Nicolas Serieys Named VP at ALTA Environmental

Consulting firm ALTA Environmental named a new vice president on Thursday, promoting its former director of environmental health and safety.

Tech Firm Independa Launches Ecommerce Website for Seniors

Independa, a digital health company in San Diego, announced Wednesday the launch of its ecommerce website.

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Sunroad Begins Fourth Phase of Kearny Mesa Luxury Apartments

San Diego developer Sunroad Enterprises has begun construction on the fourth phase of Ariva, with 302 new apartments planned at its luxury development in Kearny Mesa.

Richard Slansky Appointed CFO at OncoSec Medical Inc.

OncoSec Medical Inc., a company developing cancer immunotherapies, announced Thursday the appointment of Richard B. Slansky as chief financial officer effective July 6.

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Land Housing Auto Dealership Sold for $3 Million

An affiliate of San Diego developer H.G. Fenton Co. has purchased a commercial land parcel currently housing a used-car dealership in the city’s College Area for $3 million, according to CoStar Group and public data.

Value of S.D. County's Taxable Property Pegged at $458 Billion

San Diego County’s assessor said Wednesday the value of all taxable property in the region rose 5.6 percent to $458 billion as of Jan. 1, with the City of San Diego’s property value assessments growing 6 percent to $218 billion.

Palomar Health to Close Downtown Escondido Hospital

Palomar Health's Board of Directors voted Wednesday night to close Palomar Health Downtown Hospital in Escondido.

General Atomics ASI Receives $121.4 Million Army Contract

General Atomics Aeronautical Systems Inc. recently received a $121.4 million contract modification from the U.S. Army.