San Diego Business Journal


UCSD Health System in Talks with Rancho Mirage Hospital

The UC San Diego Health System is in talks with Eisenhower Medical Center in the Coachella Valley to form a partnership that could potentially lead to the expansion of the Rancho Mirage hospital into a teaching and research hospital, according to The Desert Sun newspaper and a UCSD spokesman.

Qualcomm Invests Undisclosed Amount in Cyanogen

Cyanogen Inc., a Seattle company that has created its own operating system for smartphones, has attracted an undisclosed amount of investment from Qualcomm Inc.

Retrophin Closes $149.5 Million Public Offering

Retrophin Inc. announced the closing of its previously announced underwritten public offering of 7,866,000 shares of its common stock at a price to the public of $19 per share, including 1,026,000 shares sold pursuant to the full exercise of the underwriters’ option.

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San Marcos Resort Gets New Eatery, Revamped Golf Course

Locally based hospitality property operator Eat.Drink.Sleep plans a March 26 opening for its new restaurant and renovated golf course at Lakehouse Hotel & Resort in San Marcos.

WD-40 Announces Quarterly Dividend and Board Appointment

WD-40 Co., a San Diego-based maker of specialty lubricants, soap and chemicals, announced its regular quarterly dividend of $0.38 per share, payable April 30 to stockholders of record at the close of business on April 16.

GKN Aerospace Signs $200 Million Contract With Rolls Royce

GKN Aerospace — which has factories in El Cajon and Mexicali, Mexico — said earlier this year that it agreed to supply Rolls-Royce PLC with components for the latest version of the Trent 1000 engine.

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Chula Vista Shopping Center Sells for $18.5 Million

Affiliates of Anaheim-based Milan Capital Management have purchased a five-building retail center in Chula Vista for $18.5 million, according to CoStar Group and public data.

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Johnny Rockets Restaurant Coming to Boomers in Vista

A new location of the Johnny Rockets hamburger restaurant is set to open this spring at the Vista location of Boomers family entertainment center, according to center operator Palace Entertainment.

Biocept to Collaborate With UCSD Moore Cancer Center

Biocept Inc., a San Diego-based molecular oncology diagnostics company, announced Tuesday that it has entered into a clinical collaboration with the University of California, San Diego Moores Cancer Center.

Callaway Golf Shares Close Up at $9.55

Shares of Callaway Golf Co. gained more than 11 percent in value on March 23, and then backtracked 3 percent in after-hours trading.

No Blackouts for Undersold Chargers Games in 2015

It’s official: every San Diego Chargers game in the 2015 season will be televised.

Sempra Energy Submits Port Arthur LNG Facilities for Pre-File Review

Sempra Energy announced its subsidiary, Port Arthur LNG, has requested that the Federal Energy Regulatory Commission initiate the pre-filing review for the company’s proposed Port Arthur LNG natural gas liquefaction and export facility in Port Arthur, Texas.

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Carlsbad Firm Opens New Senior Apartments in Mission Valley

Chelsea Investment Corp. of Carlsbad has completed and opened Versa at Civita, a $27.7 million, 150-unit apartment complex featuring affordable apartments for seniors 55 and older in Mission Valley.

Huntington Capital Announces Final Closing of $91.7M Growth Capital Fund

San Diego-based Huntington Capital, a provider of growth capital to lower-middle market companies, announced the final closing of its third fund, Huntington Capital Fund III L.P., with $91.7 million of total capital commitments.

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Carlsbad Office Building Sold for $4.26 Million

Investor Andrew Lisowski has acquired the Carlsbad Corporate Center office property in Carlsbad for approximately $4.26 million, according to brokerage company Marcus & Millichap Inc., which represented the seller.

MEI Pharma's Cancer Drug Pracinostat Fails Phase 2 Trials

Shares of MEI Pharma Inc. lost more than two-thirds of their value Monday after the San Diego biotech said its cancer drug Pracinostat failed a Phase 2 clinical trial.

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Financing Completed for $79.3 Million Downtown Apartment Project

Wakeland Housing and Development Corp of San Diego has closed on financing for its planned $79.3 million Atmosphere affordable housing project in downtown San Diego, according to U.S. Bank.

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Mark Harrison Named CFO of UCSD Health Sciences

Mark Harrison has been appointed chief financial officer for UC San Diego Health Sciences, overseeing a budget of more than $2.4 billion for the university.

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SeaWorld Entertainment Names Manby as its New CEO, President

SeaWorld Entertainment Inc., parent company of SeaWorld San Diego and the Aquatica water park in Chula Vista, has named Joel Manby as its new president and CEO, effective April 7.

Pulse Electronics Corp. Reports Net Sales of $343.5M in 2014

Pulse Electronics Corp. reported a net loss of $9.6 million on net sales of $80.1 million for its fourth quarter.