SD BUSINESS JOURNAL DAILY ENEWS
The unemployment rate in San Diego County was 5.1 percent in June 2016, up from a revised 4.2 percent in May 2016, and below the year-ago estimate of 5.2 percent, according to a news release from the state Employment Development Department.
ProSol Associates LLC, a small business based in Alexandria, Va., received a five-year contract to teach communications electronics at Marine Corps Base Camp Pendleton and other Marine Corps installations. Local work is valued in the millions of dollars.
Florida-based JetSmarter recently announced an expansion into the San Diego market for its app-enabled service that lets travelers book single seats on private jets.
Alaska Airlines will offer new daily nonstop service between San Diego and Newark, New Jersey, beginning Nov. 21, the carrier and San Diego International Airport officials announced.
California commercial developers generally remain optimistic about prospects for new projects through 2019, though there are concerns about a potential slowdown in economic growth, according to the latest statewide survey from UCLA Anderson Forecast and the law firm Allen Matkins.
A La Jolla buyer recorded as Beachfront I LP has acquired a 12-unit apartment property in San Diego’s Kensington neighborhood for approximately $2.77 million, according to brokerage firm Apartment Realty Group Inc. (ARG)
A Lemon Grove buyer recorded as El Cajon Investments Group LLC has acquired a two-building retail property in El Cajon for $4.55 million, according to CoStar Group and public data.
The University of California, San Diego is opening an office in downtown Tokyo, where researchers will seek partnerships with Japan’s booming life science industry.
A Cubic Corp. executive will be at Comic-Con — no joke — to discuss company projects funded by the Defense Department.
A new business accelerator targeting cannabis technology companies is opening in San Diego.
The San Diego Business Journal is now accepting nominations for the 2016 Manufacturing Awards, which honors companies and individuals within the San Diego community in the manufacturing industry.
Carlsbad food distributor Good Source Solutions has acquired Pon Food Corp., a Louisiana-based frozen food distributor, for an undisclosed price.
The U.S. Air Force awarded General Atomics Aeronautical Systems Inc. a $31.8 million delivery order for ground-control stations.
The Bay Club Company of San Francisco has acquired Fairbanks Ranch Country Club in Rancho Santa Fe, but the parties were not immediately disclosing the purchase price.
The Mogharebi Group (TMG) has completed the sale of Mesa Garden, a 124‐unit apartment complex, for $24.2 million. The buyer was a private investment group based in San Diego.
Rachna Kumar has been appointed dean of Alliant School of Management at Alliant International University.
The San Diego County Board of Supervisors has voted to have staff study a proposed November ballot measure on the controversial Lilac Hills Ranch development, which recently qualified for the ballot following an initiative petition drive by supporters.
Synthorx Inc., a synthetic biology company in San Diego, raised $10 million in a Series B financing, the company announced Wednesday.
A local buyer recorded as 820 Orange Av LLC has acquired a two-building retail property portfolio in Coronado for $5.2 million, according to CoStar Group and public data.
TPT Global Technology Inc., a downtown San Diego-based telecommunications company, said July 19 that it acquired the assets of Goodwin Global, an international wholesale telecom carrier. Financial terms of the deal were not disclosed.