San Diego Business Journal


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Overland Storage Says Its Acquisition Is On Track to Close This Quarter

Overland Storage Inc., the San Diego provider of data storage systems that agreed to be acquired in May by Ontario, Canada-based Sphere 3D, said the transaction is on track to close in the current fiscal quarter.

Virgin America Cuts SeaWorld Ties

Virgin America has cut ties with SeaWorld Entertainment, removing the theme parks from the airline’s rewards program, according to PETA. The animal rights group claims its efforts were instrumental in the airline’s decision.

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BioMed Markets Developments Via New Mobile App

BioMed Realty Trust Inc. recently launched a new mobile application geared to informing tenants and brokers about potential development at its life science properties in San Diego and three other markets.

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OneRoof Energy Receives $2M in Debt Financing

OneRoof Energy Inc., a San Diego provider of residential solar services, said New Resource Bank will provide it with about $2 million in debt financing to lower its cost of funds on a pool of existing solar projects.

Dallas Firm Buys Carlsbad Retail Center for $31.6 Million

A Dallas-based firm has purchased the La Costa Town Center shopping center in Carlsbad for $31.6 million.

San Diego Ranks Fifth Among Meeting Destinations in American Express Meetings & EventsSurvey

San Diego ranks fifth among North America’s top destinations for meetings and events, according to the latest annual Global Meetings Forecast report by a division of financial services provider American Express.

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Japan FTC Approves Peregrine Sale to Murata

Peregrine Semiconductor Corp., the San Diego maker of radio frequency chips contained in many wireless devices, said the Japan Fair Trade Commission notified it that its pending sale to Murata Electronics North America was granted clearance.

Median Housing Price in County Is $445,000 for September

The median priced house in San Diego County in September cost $445,000, down 0.78 percent from the median priced house in August, according to the latest CoreLogic Dataquick residential report.

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Novatel Wireless Makes Appointments to Its Board

San Diego-based Novatel Wireless Inc., a maker of wireless communications electronics, has appointed Philip Falcone and Robert Pons to its board of directors. The company made the announcement on Oct. 13.

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Cytori Completes $13.5M Registered Direct Offering

Cytori Therapeutics Inc. announced that it has completed the sale of shares of its Series A 3.6 percent convertible preferred stock pursuant to a registered direct offering representing gross proceeds of about $13.5 million.

Quidel Receives FDA Clearance to Market Assay

Quidel Corp., a San Diego-based diagnostics company, announced that it has received 510 (k) clearance from the U.S. Food and Drug Administration to market its Lyra Adenovirus Assay, a real-time PCR test for the qualitative detection of human adenovirus (HAdV) viral DNA.

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Hub International Gives San Diego Executive Additional National Duties

Mike Barone, president of Intercare Insurance Solutions and HUB's San Diego operations, has been named president of HUB’s National Employee Benefits Practice.

Oceanside Auto Repair Building Sold for $6 Million

An Oceanside retail building housing a Midas auto repair shop has been sold for approximately $6 million, according to CoStar Group and public data.

Robbins Geller Selected as One of Nation's Most Feared Litigation Firms

San Diego-based Robbins Geller Rudman & Dowd LLP has been selected as one of the “Most Feared Firms in Litigation” by BTI Consulting.

Sustainable Fish Farm Planned Off San Diego Coast

San Diego-based Hubbs-SeaWorld Research Institute and private equity firm Cuna del Mar LP have filed permits to develop an environmentally sustainable, 5,000-metric-ton finfish farm off the San Diego coast.

San Diego-Based Loan Firm Adds More Health Care Systems to Its Roster

Clear Balance, a San Diego provider of patient loans, recently added a few health care systems to its client base.

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Partnership Purchases North Park Apartments for $18.47 Million

A partnership that includes Arc Capital Partners LLC of Los Angeles, Baltimore-based Alex. Brown Realty Inc. and New Standard Equities of Encino has purchased a 132-unit apartment property in San Diego’s North Park neighborhood.

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Air Force Defends the Number of Reaper Drones It Plans to Buy

The U.S. Air Force rebutted a Department of Defense Inspector General’s report alleging that the Air Force is buying too many Reaper drones from General Atomics Aeronautical Systems Inc.

The Business Calendar for the Week of October 13, 2014

Some of the business events planned in the county for the week of October 13, 2014.

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Kids Free San Diego Offers Opportunity to Explore County's Attractions

San Diego city and tourism officials recently announced the return of Kids Free San Diego, an annual promotion offering visitors and locals family-friendly discounts during the month of October.