San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

S.D. Defense Industry Prospers Under GOP Budget

Republicans on the House Armed Services Committee unveiled a Pentagon budget proposal for fiscal 2017 that modifies the Obama administration’s.

DPR Construction Finishes $1.3 Million Balboa Park Girl Scouts Lodge

DPR Construction, a national general contractor with a San Diego office, recently completed a $1.3 million Girl Scouts Lodge at Girl Scouts San Diego’s campus in Balboa Park.

EDF Renewable Energy Acquires groSolar

San Diego’s EDF Renewable Energy on Monday said it had purchased Columbia, Maryland-based Global Resource Options Inc., an engineering and construction company for solar photovoltaic projects.

Tease photo

Escondido Apartment Property Sells for $16.7 Million

An affiliate of San Francisco-based Vista International has purchased a 100-unit Escondido apartment building for approximately $16.7 million, according to CoStar Group and public data.

Tease photo

TownePlace Suites Hotel in Vista Sold for $15 Million

An affiliate of Anaheim-based Marwaha Group Inc. has acquired the 94-room TownePlace Suites hotel in Vista for $15 million, according to CoStar Group and public data.

Tease photo

Developer Obtains Financing for East Village Apartments

Developer The Richman Group has obtained joint-venture equity financing for a previously announced, 221-unit apartment tower planned for East Village, according to HFF, which arranged the financing.

Tease photo

Trovagene Inc. Appoints Bill Welch to be CEO

A month after abruptly firing two top executives, San Diego’s cancer test company Trovagene Inc. has appointed a new CEO.

Tease photo

Annex Brands Acquires Pak Mail Centers of America

San Diego-headquartered shipping services provider Annex Brands Inc. has acquired Colorado-based Pak Mail Centers of America Inc.

Human Longevity Inc. Signs 10-Year Deal With AstraZeneca for Genomics Work

San Diego’s Human Longevity Inc. struck a deal with pharma giant AstraZeneca and its global biologics R&D arm, MedImmune, the companies announced April 21.

Tease photo

The Magnolia State Christened at General Dynamics NASSCO

General Dynamics NASSCO was scheduled to christen the tanker Magnolia State on Saturday, April 23.

The Business Calendar for the Week of April 25, 2016

Some of the business events planned in the county for the week of April 25, 2016 and beyond.

Tease photo

Chelsea Plans Affordable Housing Project After $6.57 Million Land Buy

Carlsbad-based developer Chelsea Investment Corp. has purchased a four-acre property in San Diego’s San Carlos neighborhood for approximately $6.57 million, with plans to redevelop it into an affordable housing community.

Tease photo

Scripps Ranch Office Building Sells for $4.45 Million

Local investor Stacey Adams Draminga has acquired a two-story Scripps Ranch office property for $4.45 million, according to brokerage firm Colliers International Group Inc.

San Diego County Credit Union’s Assets Up 8% in Q1

San Diego County Credit Union’s assets grew nearly 8 percent in the first quarter reaching $7.4 billion, the credit union said April 22 in an earnings report.

Zortman Assumes Chairman Role for San Diego Regional EDC

The San Diego Regional Economic Development Corp. announced the appointment of Jim Zortman as chairman. Zortman succeeds Vincent Mudd, managing partner at Carrier Johnson + Culture, who held the post since 2014.

Tease photo

Founder of Jackson Design and Remodeling Launches Home Expressions

Todd Jackson, founder and chief executive officer of Jackson Design and Remodeling, launched a new business venture, Home Expressions.

Tease photo

Chelsea Investment Plans Affordable Housing Project After $6.57 Million Land Buy

Carlsbad-based developer Chelsea Investment Corp. has purchased a four-acre property in San Diego’s San Carlos neighborhood for approximately $6.57 million, with plans to redevelop it into an affordable housing community.

Tease photo

Annex Brands Inc. Acquires Pak Mail Centers of America

San Diego-headquartered shipping services provider Annex Brands Inc. has acquired Colorado-based Pak Mail Centers of America Inc.

Business Calendar for Week of April 25, 2016

Some of the business events planned in the county for the week of April 25, 2016, and beyond.

Human Longevity Signs 10-Year Deal With AstraZeneca for Genomics Work

San Diego’s Human Longevity Inc. struck a deal with pharma giant AstraZeneca and its global biologics R&D arm, MedImmune, the companies announced April 21.