San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

The Business Calendar for the Week of September 26, 2016

Some of the business events planned in the county for the week of September 26, 2016, and beyond.

Sempra Subsidiary Ienova Receives Official Clearance to Buy Interest in Mexican Company

Sempra Energy said Sept. 21 its Mexican subsidiary, Ienova, has received antitrust clearance to buy a 50 percent equity interest in pipeline builder and operator Gasoductos de Chihuahua.

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Del Taco Signs Franchisee for Five Upcoming San Diego Locations

Del Taco Restaurants Inc. has signed an agreement with Rancho Cucamonga-based franchisee Bajwa Group, which plans to open five new San Diego County locations by 2020. Financial terms were not disclosed, and locations have not been announced.

San Diego Leads State in Pending Home Sales for August

The San Diego area led the state in pending home sales in August, the California Association of Realtors reported Sept. 22.

Oceanside Glasstile Acquires Spectrum Glass

Carlsbad-based manufacturer Oceanside Glasstile announced it has acquired certain assets of Spectrum Glass Co. Inc., an art glass maker based in Woodinville, Wash.

Scripps' Barbey Family Emergency and Trauma Center Set to Open Sept. 26

Scripps Health unveiled a $33 million, 33,000-square-foot emergency and trauma center set to open Sept. 26 on the first floor of the Prebys Cardiovascular Institute on the campus of Scripps Memorial Hospital La Jolla.

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Rancho Bernardo Industrial Building Sold for $7.4 Million

San Diego buyers recorded as McEwen-Otay LLC and MP McEwen I LLC have acquired a Rancho Bernardo industrial building for $7.4 million, according to brokerage firm Colliers International Group Inc.

Local Realtors Fall Victim to a Different Kind of 'Identity Theft'

Two innocent San Diego Realtors have gotten caught up in an apparent venture capital scam exposed in an intriguing story published online at Fortune.com.

Business Calendar for September 26, 2016

Some of the business events planned in the county for the week of September 26, 2016, and beyond.

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Mission Valley Retail Center Sold for $14 Million

An affiliate of Los Angeles-based Gershman Properties LLC has purchased a Mission Valley strip retail center for $14 million, according to CoStar Group and public data.

Oceanside Glasstile Acquires Spectrum Glass Co.

Carlsbad-based manufacturer Oceanside Glasstile announced it has acquired certain assets of Spectrum Glass Co. Inc., an art glass maker based in Woodinville, Wash.

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Del Taco Restaurants Inc. Signs Franchisee for Five Upcoming San Diego Locations

Del Taco Restaurants Inc. has signed an agreement with Rancho Cucamonga-based franchisee Bajwa Group, which plans to open five new San Diego County locations by 2020. Financial terms were not disclosed, and locations have not been announced.

Allergan Buys Akarna Therapeutics for $50M

Pharmaceutical giant Allergan Plc has acquired Akarna Therapeutics Inc. for $50 million.

Apricus Biosciences Inc. Plans to Raise $4.6M in Direct Offering of Common Stock

San Diego biopharma Apricus Biosciences Inc. is expected to raise $4.6 million in a direct offering of its common stock to institutional investors, the company said Sept. 23.

Sempra Subsidiary Ienova Given Official Clearance to Buy Interest in Mexican Company

Sempra Energy said Sept. 21 its Mexican subsidiary, Ienova, has received antitrust clearance to buy a 50 percent equity interest in pipeline builder and operator Gasoductos de Chihuahua.

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RAR Hospitality Adds New San Marcos Hotel to Its Portfolio

Hotel management and consulting firm RAR Hospitality Inc. has assumed management duties at the new 116-room Fairfield Inn & Suites in San Marcos, which is under construction and slated for a January 2017 opening.

Mast Terminates Clinical Development of Sickle Cell Drug Following Poor Results; Co.'s Stock Plunges

The stock of local biotech Mast Therapeutics Inc. has plummeted nearly 80 percent following news of lousy clinical trial results.

Xencor Expanding L.A. County Operations Into San Diego

L.A. County-based Xencor Inc. is expanding its operations into San Diego, the company announced Thursday.

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KCD PR Acquires Wall & Broadway

San Diego-based public relations and marketing agency KCD PR has acquired Wall & Broadway, a boutique consulting firm that specializes in clients in the fintech sector, the company announced this week.

Local Office of BNBuilders Gets $8.48M Caltech Lab Project

The San Diego office of general contractor BNBuilders has been hired to renovate an existing biomedical laboratory at California Institute of Technology (Caltech) in Pasadena. A company statement said the guaranteed maximum price for the project is approximately $8.48 million.