San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

Escondido-Based Herman Construction Gets $15.9 Million Army Contract

The U.S. Army said on Aug. 23 that it awarded Herman Construction Group Inc. of Escondido a contract worth $15.9 million.

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Todd Young Appointed CFO at ACADIA Pharmaceuticals

San Diego drugmaker ACADIA Pharmaceuticals Inc. has appointed Todd Young as executive vice president and chief financial officer.

Kratos Awarded $20 Million Contract

Kratos Defense & Security Solutions Inc. will play a part in getting the U.S. Air Force’s new aerial refueling tanker off the ground.

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Darryl Albertson Named Cubic Corp.'s First Diversity Officer

Cubic Corp. has named Darryl Albertson as its chief human resources and diversity officer.

Chargers’ Consultants Tout Benefits of Downtown ‘Convadium’

Consultants for the San Diego Chargers touted “significant positive impact” from a proposed $1.8 downtown stadium and convention facility, as the team unveiled final results of a 90-page consulting study that it commissioned.

Cubic Corp. to Lease Space in Otay Mesa

Cubic Corp. is leasing a 39,000-square-foot facility in Otay Mesa to complement its Tijuana manufacturing space.

Hyperlight Energy Chosen to Participate in DOE Program

The U.S. Department of Energy has chosen La Jolla-based clean tech company Hyperlight Energy as one of 43 small businesses that will work with the DOE’s national labs to "accelerate the transformation toward a clean energy economy," the department announced Tuesday.

Sharp Grossmont Medical Group Acquired by Tennessee Co.

A physician services organization based in Knoxville, Tenn., has acquired all operations of the medical group that staffs and manages Sharp Grossmont Hospital’s emergency department.

Local Hotel Revenue Up 3.5 Percent in First Seven Months of 2016

San Diego County hotel revenue rose 3.5 percent from a year ago, topping $1.6 billion for the first seven months of 2016, even as occupancy dipped 0.4 percent to 78.4 percent, according to the latest monthly data from research firm STR.

Sophiris Bio Inc. Shares Slide After Stock Offering

Shares of Sophiris Bio Inc. were tanking Tuesday on news of the company’s secondary stock offering.

CONNECT Launches Investor Syndicate to Fuel Startups

San Diego’s business accelerator CONNECT is launching a new investor syndicate to help fund “disruptive” technology and life science startups in San Diego.

Zumwalt Headed to San Diego After Commissioning

The U.S. Navy plans to send its futuristic destroyer Zumwalt to San Diego after the ship’s Oct. 15 commissioning ceremony in Baltimore.

Sullivan Solar Power Hires Ness as VP of Sales and Marketing

San Diego-based Sullivan Solar Power announced it has hired Bill Ness as vice president of sales and marketing.

Tri-City Healthcare, UC San Diego Health Finalize Affiliation Agreement

Tri-City Healthcare District and UC San Diego Health have finalized an affiliation agreement under which the university-based system will introduce new physicians and medical services to North County, while the hospital organization and its physicians gain access to additional insured patients.

Pentagon Taps ViaSat for Two Contract Awards

The U.S. Navy’s satellite network is trusty, but it needs an update. So it has tapped ViaSat Inc. for some help.

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Christina Spence Named Executive Director of Escondido Skilled Nursing Facility

Christina Spence has been named executive director of the Life Care Center of Escondido, a skilled nursing and rehabilitation facility.

San Diego Hunger Coalition Announces Board Changes

The San Diego Hunger Coalition announced changes to its board of directors.

Fate Therapeutics Raises $10.3 Million

San Diego’s Fate Therapeutics has raised $10.3 million in an equity deal, according to a recent form filed with the Securities and Exchange Commission.

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Matt Savant Appointed President of Business Operations for San Diego Gulls

Matt Savant, a resident of San Marcos, has been named President of Business Operations for the San Diego Gulls of the American Hockey League.

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Land Brokerage Company Opens Office in San Diego

Irvine-based land brokerage firm Province West has established an office in San Diego, managed by Vice President Eric Weitz. The expansion follows a recently announced strategic alliance between Province West and Scottsdale, Ariz.-based Nathan & Associates Inc.