San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

COO Mark Gergen Leaving Mirati Therapeutics

Mark Gergen, the executive vice president and chief operations officer at Mirati Theraputics Inc., is stepping down, the company announced Wednesday.

Carlsbad-based Project Pie Acquired by Pieology Pizzeria

Rancho Santa Margarita-based Pieology Pizzeria has bought competitor Carlsbad-based Project Pie.

MIT Ranks Illumina World's Third-Smartest Company

A San Diego medtech giant is one of the “smartest” companies out there, according to MIT Technology Review, which Tuesday released its annual list of 50 companies that have created new markets or taken risks to disrupt an existing marketplace.

Northrop Grumman Corp. Awarded $203.6 Million Air Force Contract

The U.S. Air Force awarded Northrop Grumman Corp. a $203.6 million contract modification covering logistic services and sustainment for its high-altitude Global Hawk aircraft.

Cox Offering Free WiFi Downtown During July Events

The local regional office of Cox Communications announced that it is partnering with the City of San Diego to open Cox WiFi hotspots free to the public from July 8 to 24 in downtown San Diego.

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Swiss Carrier Edelweiss Starts Direct Flights to San Diego in 2017

Switzerland-based commercial airline Edelweiss will begin offering direct seasonal service between Zurich and San Diego in June 2017, the carrier and San Diego airport officials announced.

Boeing Co. to Perform $1.36 Million of Work in San Diego

The Boeing Co. will perform $1.36 million of aircraft logistics work in San Diego under a recently received U.S. Navy task order.

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San Francisco Firm Buys Mira Mesa Retail Center for $229 Million

San Francisco-based Stockbridge Capital Group LLC has purchased the Mira Mesa Marketplace retail center in Mira Mesa for $229 million, according to CoStar Group and public data.

Survey Finds 1-in-5 Tech Execs Looking to Expand Staff

More than one-fifth of technology executives in the San Diego area plan to expand their IT teams in the second half of 2016, according to a survey released Tuesday by Robert Half Technology.

Four Housing Projects Awarded Nearly $4 Million

Four San Diego affordable housing projects have been awarded nearly $4 million of $76 million in grant money from the Federal Home Loan Banks.

CUSO Financial Picks Up Los Angeles-Based Credit Union

San Diego brokerage firm CUSO Financial Services LP has picked up a new client, a Los Angeles-based credit union that recently launched an investment services program.

Maxwell Technologies Shareholders Approve Several Proposals

Stockholders of Maxwell Technologies Inc. approved a proposal to increase the number of authorized shares of common stock from 40 million to 80 million as part of their business during the company’s annual meeting June 15.

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Developer Plans $44M Mixed-Use Project in Encanto

A committee of Civic San Diego, the city’s project oversight agency for downtown and southeastern neighborhoods, recently recommended plans for a $44 million mixed-use community in Encanto.

U.S. Navy Awards Contract For Dredging, Pier Replacement

Manson Construction Co. of Seattle received an $834,000 modification to a U.S. Navy contract for dredging and pier replacement at Naval Base San Diego, informally known as the 32nd St. naval station. The deal augments a $9.6 million contract modification from Feb. 10. The Pentagon announced both deals on June 13.

Dexcom Inc. Building New Manufacturing Plant in Phoenix

Local medical device maker Dexcom Inc. is building a new manufacturing facility near Phoenix, the company announced Monday.

Pacific Highlands Ranch Residential Land Sold for $61.6 Million

The San Diego division of Pardee Homes recently sold off 9.38 acres of residential land in the city’s Pacific Highlands Ranch community to two other homebuilders, for a total of approximately $61.6 million, according to CoStar Group and public data.

Regulus Therapeutics Secures $30 Million Credit Facility

Regulus Therapeutics Inc. has entered into a $30 million loan and security agreement with Oxford Finance LLC, the company announced Monday. The infusion of cash gives the local biopharma the runway needed to progress its products through the clinic.

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San Diego Office Tower Sold for $54.4 Million

Hammer Ventures of San Diego has purchased the downtown office tower known as The Executive Complex for $54.4 million, according to CoStar Group and public data.

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CBRE Forms Agribusiness, Natural Resources Practice in San Diego

CBRE Group Inc. has formed a new land, agribusiness and natural resources practice in its San Diego office, the Los Angeles-based commercial real estate services company announced.

The Business Calendar for the Week of June 20, 2016

Some of the business events planned in the county for the week of June 20, 2016, and beyond.