SD BUSINESS JOURNAL DAILY ENEWS
Sunterra Apartments LLC, which includes Benedict Canyon Equities of Sherman Oaks, has purchased the 240-unit Sunterra Apartment Homes in Oceanside for $38.25 million, according to Institutional Property Advisors, which arranged the sale.
San Diego-based Tracon Pharmaceuticals Inc. has received $10 million upfront after entering a global development and commercialization deal with Japanese drugmaker Santen Pharmaceutical Co. Ltd.
San Diego super-scientist J. Craig Venter has launched a new company, Human Longevity Inc. that aims to prolong the human lifespan through genomics and cell therapy-based diagnostics.
Connect, a San Diego life sciences and technology nonprofit, has appointed veteran health care and investment banking executive Greg McKee as its new CEO.
Qualcomm Inc. announced an historic management transition as well as a $5 billion increase in its stock repurchase plan on March 4, the day of its annual shareholder meeting.
Shares of Kearny Mesa ultracapacitor-maker Maxwell Technologies Inc. rose 38 percent in three days of trading on Feb. 28, March 3 and March 4, closing at a 52-week high of $12.23.
New York-based SL Green Realty Corp. has agreed to sell its 43.7 percent interest in a Southern California office portfolio of 28 properties, including six San Diego buildings, for $100 million.
Cardium Therapeutics Inc. has entered a strategic collaboration and funding arrangement with Shanxi Taxus Pharmaceuticals Co. Ltd. of China to support the worldwide clinical and commercial development of San Diego-based Cardium’s regenerative medicine therapeutics products.
Leap Wireless International, the San Diego based flat-rate carrier doing business under the Cricket brand, said it will release its 2013 fourth quarter and full year financial results to the Securities and Exchange Commission, but doesn’t intend to issue a separate news release or hold a conference call with stock analysts later this month.
Tig Real Estate Holdings LLC of San Diego has purchased a Sorrento Mesa industrial building for $6.7 million, according to CoStar Group and public data.
San Diego businesses are starting to feel more optimistic about the future, according to the most recent San Diego County Business Forecast.
Acadia Pharmaceuticals Inc. announced it plans to raise $150 million in a secondary public offering of its common stock, though it didn’t indicate how it might use the proceeds.
Upper Deck, the Carlsbad maker of sports trading cards, celebrates its 25th anniversary this week with the announcement that it’s got a new contract with the National Hockey League to be the exclusive provider of its players’ trading cards.
Animal rights group PETA has asked Petco Animal Supplies Inc. to stop selling rodents as pets, alleging that the animals are mistreated by the suppliers and in transport, which the organization claims increases the risk to the animals and buyers.
MEI Pharma Inc.’s investigational drug Pracinostat for treating acute myeloid leukemia has been granted orphan drug designation by the U.S. Food and Drug Administration, the company announced.
Cubic Corp. has completed the acquisition of Intific Inc., an Austin, Texas-based advanced technology company focused on software and game-based solutions in modeling and simulation, training and education, cyber warfare, and neuroscience.
CR Fifth & Nutmeg, in care of San Diego-based developer Colrich, has purchased a Bankers Hill land parcel for approximately $5.3 million, with plans to develop an upscale mixed-use condominium project.
New York City-based Leucadia National Corp. will increase its stake in investment and development firm HomeFed Corp., under terms of an agreement in which the Carlsbad-headquartered HomeFed will receive $18.4 million in cash, along with certain real estate holdings of Leucadia.
The San Diego County Taxpayers Association said its president, Felipe Monroig, is leaving the post to take a job with Mayor Kevin Faulconer’s administration.
The U.S. Navy has awarded Lockheed Martin Corp. a $10.8 million contract option covering the post-delivery support for one of its new ships, the future USS Milwaukee.