San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

Vital Therapies Launches IPO

Vital Therapies Inc. has hit the public markets, but has priced its stock below the expected range, raising gross proceeds of $54 million by offering 4.5 million shares at $12 apiece.

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Nordstrom Relocating Its Store Within Westfield UTC

Nordstrom Inc. plans to relocate its full-line department store in University Towne Center to a new space within the Westfield UTC mall, with a new two-level store expected to open in 2017.

Kyocera Consolidates Some of Its Businesses Into Main Subsidiary

Kyocera Corp., the Kyoto, Japan-based conglomerate that has been in San Diego since 1971, said it consolidated some of its recently acquired businesses into its main subsidiary here, Kyocera America.

Region to Get Some Work on the F-35 Aircraft

Lockheed Martin Corp.’s latest contract on the F-35 Lightning II aircraft will bring work to San Diego.

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La Jolla Retail Condos Sold for $2.5 Million

Hanks Group Inc. of Alhambra has purchased four retail condo units in La Jolla for $2.5 million, according to CoStar Group and public data.

Mermaid Gets a Name From Chicken of the Sea Centennial Celebration

San Diego based Chicken of the Sea, which celebrates its 100th anniversary this year, finally got around to naming that little mermaid on the label. She’s (it’s) now called Catalina.

Upcoming Symposium to Discuss Defense Technology

Defense contractors and U.S. Navy leaders will gather April 22-24 at the Hall of Champions in Balboa Park to talk shop, and talk about technology.

Rubio's to Hold Job Fairs to Fill Numerous Positions

Carlsbad-based Rubio’s Restaurants, now in five states and about 200 stores, said it needs to fill about 3,000 positions as it enters the busy summer season, and is holding job fairs next week to find the right team members.

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BioMed Subsidiary to Issue $400M in Notes

BioMed Realty LP, an operating partnership subsidiary of San Diego-based BioMed Realty Trust Inc., plans to do a $400 million offering of senior unsecured notes.

Former Chargers Linebacker Goes on Offense, Sues Nike Claiming Trademark Infringement

Former San Diego Charger linebacker Shawne Merriman filed a lawsuit against Nike Inc., alleging the sports-gear giant infringed on his trademarked Lights Out brand.

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Nursing Care Facility in El Cajon Sold for $7.5 Million

Rocklin-based Auburn Manor Holding Corp. has purchased Chase Care Center, a skilled-nursing healthcare facility in El Cajon, for $7.5 million, according to CoStar Group and public data.

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Data Services Company Buys Kearny Mesa Office Building for $3.84 Million

Central Data Services Inc. of San Diego has purchased a Kearny Mesa office building, known as Convoy Business Center, for $3.84 million, according to CoStar Group and public data.

Two Local Companies to Compete for Airfield Work for Navy

The U.S. Navy needs a solid place to land its aircraft, and it has chosen two local contractors to make that possible.

San Diego Startup Week Set for June 17-21

StartUp San Diego has set June 17-21 for its second annual San Diego Startup Week.

Zogenix Obtains Preliminary Injunction Against Massachusetts’ Ban of Painkiller

Zogenix Inc., the San Diego drugmaker embroiled in controversy over its new opioid painkiller Zohydro ER, finally has a win under its belt — it has successfully blocked an order from Massachusetts Governor Deval Patrick to ban the drug in that state.

Genstar Affiliate Buys Chula Vista Residential Land for $37.1 Million

An affiliate of San Diego-based Genstar Development Co., recorded as GDCI Proctor Valley LP, has purchased 1,140 acres of residential land in Chula Vista for approximately $37.1 million, according to CoStar Group and public data.

Home Sales and Median Price Increase in March

Home sales in San Diego increased in March, and the median price rose 4 percent from February to $427,000, according to Dataquick, the La Jolla real estate research firm.

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San Diego Firm Buys Miramar Retail Center for $12.5 Million

HP Investors LLC of San Diego has purchased Miramar Square Shopping Center, in the city’s Miramar neighborhood, for approximately $12.5 million.

F.A.I.T.H. Resources Merges With Irvine Recruitment Firm

F.A.I.T.H. Resources, recruitment and staffing firm originally formed in San Diego, said it merged with Advantage Placements, an Irvine recruitment firm, and moved its corporate headquarters to Newport Beach.

Three Local Construction Cos. to Compete for Defense Work

Three local companies may have Army construction work in their futures.