San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

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Oceanside Industrial Park Acquired for $7.5 Million

Investment firm SR Commercial of Solana Beach has purchased the five-building Oceanside Commerce Center industrial park in Oceanside for $7.5 million.

RF Industries Completes $4.1M Acquisition of Comnet Telecom

RF Industries Ltd., the San Diego maker and distributor of cable assemblies used by wireless carriers, said it completed the acquisition of Comnet Telecom Supply Inc. of New Jersey for $4.15 million.

Lytx Inc. Reports Record Growth in 2014

Lytx Inc., the San Diego provider of video recording services for the transportation industry, said it enjoyed a banner year in 2014, with record growth of 57,000 new subscriptions-in-service, reaching an all-time high of 200,000 SIS.

Mesa, MiraCosta Colleges Chosen for Pilot Baccalaureate Programs

MiraCosta College and Mesa College have been given the initial OK by the California Community Colleges Board of Governors meeting to host pilot baccalaureate programs.

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Hilton San Diego Bayfront Ranks Among Top U.S. Meeting Hotels

Downtown’s Hilton San Diego Bayfront hotel placed sixth in a recent national ranking of the nation’s top 100 group-meeting hotels by event management technology provider Cvent Inc.

Japan to Buy Global Hawk Aircraft from Northrop Grumman

Northrop Grumman Corp. has confirmed that the Japanese government plans to buy the company’s Global Hawk high-altitude reconnaissance aircraft. Specifics of the buy, however, are not yet available.

One Roof Energy Group Announces Investors for Financing

One Roof Energy Group Inc., a San Diego provider of solar energy financing services, said investors in a planned $15 million convertible notes financing include existing investors Black Coral Capital and Spindrift Equities LLC as well as certain other unaffiliated investors.

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Barbara Sawrey Re-Elected to American Chemical Society Board

Barbara Sawrey, associate vice chancellor for undergraduate education at the University of California, San Diego, was re-elected director-at-large of the board of directors of the American Chemical Society (ACS).

Public Memorial Set for SAIC Founder J.R. Beyster

A public memorial for J.R. Beyster, founder and longtime CEO of defense contractor SAIC, is scheduled for 2 p.m. Saturday, Jan. 31 at the Hilton San Diego Resort & Spa, 1775 East Mission Bay Drive. Beyster died on Dec. 22 at age 90.

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Hillcrest Apartment Property Sells for $10.6 Million

A buyer recorded as 25316 Malibu Road LLC has purchased the 54-unit Georgia Regency Apartments in San Diego’s Hillcrest neighborhood for approximately $10.6 million, according to ACRE Investment Real Estate Services, which represented the buyer.

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Scott Evans Named CEO of Sharp Grossmont Hospital

Sharp Grossmont Hospital announced that Scott Evans has been named chief executive officer and senior vice president of the 540-bed acute care hospital in East San Diego County.

AT&T Offering High-Speed Internet Service to Some Businesses

AT&T Inc. has started marketing a high-speed Internet service called AT&T Business Fiber in multitenant office buildings in San Diego.

Sycuan Band Elects Cody Martinez Chair of Tribal Council

The new year brought new leadership to the Sycuan Band of the Kumeyaay Nation, which runs the Sycuan casino and resort properties east of El Cajon.

Fitch Upgrades Palomar Health's Outlook from Negative to Stable

Fitch Ratings officials, previously concerned with Palomar Health’s outstanding debt, recently upgraded what had been a negative outlook to stable – citing increasing financial stability and a good market position as key drivers for the revision.

Genentech, Human Longevity Sign Multiyear Agreement

San Diego-based Human Longevity Inc. announced a multiyear agreement with Oceanside's Genentech, a member of the Roche Group, to conduct whole genome sequencing of tens of thousands of samples from Genentech.

Andrew Viterbi to be Inducted into Entrepreneur Hall of Fame

CONNECT, the San Diego nonprofit that fosters innovative technology, said it selected Andrew Viterbi, who co-founded Qualcomm Inc. and served as its first chief technical officer, for induction into its Entrepreneur Hall of Fame.

San Diego Firm Buys Retail Property Near Atlanta for $6.4 Million

PREF Glenridge LLC, an affiliate of San Diego-based Paragon Real Estate Fund, has purchased the retail portion of the mixed-use Glenridge Springs residential development near Atlanta for $6.4 million.

Fresh Healthy Vending Sites 115 Machines in December

Fresh Healthy Vending International Inc., a San Diego franchisor of vending machines of healthy snacks, said it completed the procurement of 115 new locations for its machines across the country in December.

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Kearny Mesa Office Property Sells for $43.5 Million

T-C Copley LLC, an affiliate of New York-based pension fund TIAA-CREF, has purchased the Copley Corporate Center office property in Kearny Mesa for $43.5 million, according to CoStar Group and public data.

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RCB Ranch Acquires La Jolla Retail Properties for $26.5M

RCB Ranch Inc. has acquired the Girard Plaza and adjacent Ralph Lauren retail buildings in La Jolla for $26.5 million, according to Flocke & Avoyer Commercial Real Estate, which represented the seller.