San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

Tease photo

Sorrento Mesa Office Buildings Sold for $28 Million

New York-based Angelo, Gordon & Co. has acquired a two-building Sorrento Mesa office property for $28 million, according to brokerage firm JLL.

SDG&E Gets State Approval to Form Independent Marketing Division

San Diego Gas & Electric has won state approval to form an independent marketing division it says will educate consumers about entities — several of which have been proposed locally — that would compete with the utility by selling electricity directly to residential users.

California Records 4% Increase in Construction Employment Over 12 Months

Of the 39 states in which construction employment rose between July 2015 and July of this year, California added the most construction jobs, according to a report from the Associated General Contractors of America.

The Business Calendar for the Week of August 22, 2016

Some of the business events planned in the county for the week of August 22, 2016, and beyond.

SDG&E Gets OK to Build Energy Storage Projects in Escondido and El Cajon

State regulators have signed off on San Diego Gas & Electric’s proposal to build lithium-ion battery projects in Escondido and El Cajon capable of storing a combined 37.5 megawatts of energy.

Two San Diego-Based Environmental Companies Will Compete for Navy Contracts

Two San Diego-area businesses received U.S. Navy contracts to provide habitat enhancement services on the Navy Department’s sprawling network of bases in Arizona, California and Nevada.

DICK'S Sporting Goods Acquires San Diego-Based Affinity Sports

DICK'S Sporting Goods, a U.S.-based, full-line omni-channel sporting goods retailer, announced the acquisition of Affinity Sports, a sports management technology company based in San Diego.

BAE Systems San Diego Awarded Second-Year Contract Options for Navy Ship Modernization Projects

BAE Systems San Diego Ship Repair is among seven companies awarded second-year contract options on U.S. Navy ship modernization deals.

Tease photo

Huntley Paton Is Named Publisher of San Diego Business Journal

Huntley Paton has been named president and publisher of the San Diego Business Journal effective Sept. 1. He will succeed longtime business journal Publisher Armon Mills, who will continue in a role as publisher emeritus.

SDG&E Gets OK to Build Energy Storage Projects in Escondido, El Cajon

State regulators have signed off on San Diego Gas & Electric’s proposal to build lithium-ion battery projects in Escondido and El Cajon capable of storing a combined 37.5 megawatts of energy.

California Records a 4% Increase in Construction Employment Over 12 Months

Of the 39 states in which construction employment rose between July 2015 and July of this year, California added the most construction jobs, according to a report from the Associated General Contractors of America.

SDG&E Wins Approval for Independent Marketing Division

San Diego Gas & Electric has won state approval to form an independent marketing division it says will educate consumers about entities – several of which have been proposed locally – that would compete with the utility by selling electricity directly to residential users.

Business Calendar for Week of August 22, 2016

Some of the business events planned in the county for the week of August 22, 2016, and beyond.

General Dynamics NASSCO Awarded $24.4 Million Navy Contract

The U.S. Navy awarded General Dynamics NASSCO a $24.4 million contract modification to refine the design of the Navy’s proposed LX(R) amphibious ship replacement. Work is expected to last until September 2017.

Qualcomm Sets Up New Division Dedicated to Data Center Space

Qualcomm Inc. announced on Aug. 18 that it plans to market its data center chips under the name Qualcomm Centriq. It also said that it has set up a new business division, Qualcomm Datacenter Technologies Inc., dedicated to the data center space.

ALTA Environmental Opens Second S.D. Office in Oceanside

A Long Beach-based project engineering firm, ALTA Environmental, has opened an office in Oceanside.

Tease photo

Construction Begins on $57M Oceanside Townhome Development

San Diego-based Cornerstone Communities and Presidio Residential Capital recently began construction on Brisas at Pacific Ridge, consisting of 117 two-story triplex townhomes in Oceanside. A statement from developers said the for-sale project will have a retail value of more than $57 million at completion.

Tease photo

Totaro Named GM of San Diego Convention Center

Karen Totaro has been named senior vice president and general manager of San Diego Convention Center, effective Sept. 30. Totaro most recently served as general manager for the Atlantic City Convention Center in New Jersey.

Tease photo

Randy Frisch Gets New National University System Post

National University System Vice Chancellor Randy Frisch has been named president of City University of Seattle, the school announced.

Illumina Reportedly Receives $30 Billion Takeover Offer from Thermo Fisher Scientific

San Diego medtech giant Illumina Inc. is said to have received a $30 billion takeover offer from global firm Thermo Fisher Scientific.