San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

February Rebound Reduces Local Unemployment to 4.2%

San Diego County’s economy shook off post-holiday doldrums in February and posted what is, by one measure, its second-best showing in years, reducing local unemployment by 30 basis points, month-over- month, to a seasonally unadjusted 4.2 percent.

By John Cox March 26, 2017 1:03 p.m. share »
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New Homes Planned After $2.5M Purchase of Vista Church Property

Costa Mesa-based Warmington Land Associates II LP has acquired a Vista church property for $2.5 million, with plans to develop new midpriced, for-sale homes on the site, according to brokerage firm Lee & Associates.

By Lou Hirsh March 26, 2017 1:02 p.m. share »

Airgain Inc. Names Waadt Director of Investor Relations

Airgain Inc., the antenna maker that made news in August by launching the first San Diego IPO in more than a year, hired Alexis Waadt as its director of investor relations.

By Brad Graves March 26, 2017 1:01 p.m. share »

Loan Will Help Tri-City Make Some Key Changes

Tri-City Healthcare District has secured its first long-term financing package in more than a quarter-century, an $85.8 million, federally backed mortgage loan its leaders expect will allow it to begin initial phases of a hospital redesign and state-required seismic retrofits.

By John Cox March 24, 2017 3:01 p.m. share »
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Homes Planned After $2.5M Purchase of Vista Church Property

Costa Mesa-based Warmington Land Associates II LP has acquired a Vista church property for $2.5 million, with plans to develop new mid-priced, for-sale homes on the site, according to brokerage firm Lee & Associates.

By Lou Hirsh March 24, 2017 2:12 p.m. share »

Lodging Forecast: How Long Can This Post-Recession Uptick Last?

San Diego County’s lodging and tourism industries have been on a tear for the past six years. Can they go for a seventh in 2017?

By Lou Hirsh March 24, 2017 1:58 p.m. share »

Business Calendar for Week of March 27, 2017

Some of the business events scheduled in the county for the week of March 27, 2017, and beyond.

By Steve Adamek March 24, 2017 12:44 p.m. share »
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Three Startups to Watch in 2017 (Plus a Wildcard)

There are dozens of startups in San Diego that have promising technology and talent, but three companies in particular had a little something extra that won this newsroom over.

By Brittany Meiling March 24, 2017 11:34 a.m. share »

AT&T Expands Fiber-Optic Network

AT&T Inc. said in late March that it has expanded its fiber-optic network, introducing 1 gigabit per second data speeds in more San Diego neighborhoods and adjoining cities, including Escondido and Santee.

By Brad Graves March 23, 2017 5:07 p.m. share »
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John Orwin Joins Retrophin Board of Directors

San Diego drugmaker Retrophin Inc. has appointed longtime pharmaceutical executive John A. Orwin to the company’s board of directors.

By Brittany Meiling March 23, 2017 4:42 p.m. share »

What Are San Diego’s Retail Property Investment Prospects for 2017?

The city slipped out of the U.S. Top 10 for first time in several years.

By Lou Hirsh March 23, 2017 1:48 p.m. share »

S.D. Pending Home Sales Reportedly Declined 5.1 Percent

Pending home sales in San Diego County fell last month by 5.1 percent, as compared with a year earlier, as concerns mounted that California as a whole has too few units for sale, while those that are available are increasingly unaffordable.

By John Cox March 23, 2017 1:28 p.m. share »
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TVPage Closes $3M Funding Round; Warner Bros. Exec Joins Team

TVPage Inc., which lets businesses easily create TV channels for their websites and supports clients’ e-commerce initiatives, said this week that it closed a $3 million funding round. The round closed in January.

By Brad Graves March 23, 2017 1:01 p.m. share »
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New San Marcos Fairfield Hotel Will Have Service Robot

A 116-room Fairfield Inn & Suites hotel is scheduled to open in San Marcos in the second half of April, with features including the region’s first in-house service robot. The $21 million development is the first ground-up hotel project for San Diego-based operator RAR Hospitality Inc.

By Lou Hirsh March 23, 2017 12:57 p.m. share »

Athena Partners with New Tech Accelerator

Athena San Diego is partnering with ScaleMatrix, the data storage company that just launched a new coworking space, to offer mentorship to women founders in science and tech.

By Brittany Meiling March 23, 2017 12:49 p.m. share »
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Cannabis Drug Maker Quadrupling Footprint in Carlsbad

Cannabis has so far been relegated to the supplement and medical marijuana industries, with no FDA-approved drug (derived from the plant) available on the market. But a pharmaceutical company in Carlsbad is hoping to change that and it is about to quadruple in size.

By Brittany Meiling March 22, 2017 5:27 p.m. share »

Navy Awards Cubic Contract Worth $20 Million

Cubic Corp. said that its Mission Solutions division received a U.S. Navy award for delivery of a person-portable common data link. The deal could ultimately be worth more than $20 million.

By Brad Graves March 22, 2017 5:11 p.m. share »

Imprimis Pharmaceuticals to Raise $3.1 Million in Stock Offering

San Diego’s Imprimis Pharmaceuticals, a maker of compounded drugs, is raising $3.1 million in a stock offering to two accredited investors.

By Brittany Meiling March 22, 2017 4:32 p.m. share »

3 Things Spurring Fast-Growing Tech Sector

Companies that operate trains, trucks and other fleet vehicles are installing internet-connected systems that collect video on drivers, and video on road conditions. Competitors Lytx and SmartDrive, both privately held, boast impressive growth (details below) though neither reveals sales figures.

By Brad Graves March 22, 2017 4:28 p.m. share »

Salka to Sell Wind Farm

Salka LLC has arranged to sell a wind farm it is redeveloping in the Bay Area.

By John Cox March 22, 2017 4:26 p.m. share »