San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

County Supervisors Vote for Study on Lilac Hills Ballot Measure

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.

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Synthetic Biology Firm Synthorx Raises $10 Million

Synthorx Inc., a synthetic biology company in San Diego, raised $10 million in a Series B financing, the company announced Wednesday.

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Coronado Retail Properties Sell for $5.2 Million

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 Acquires Assets of Goodwin Global

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.

Median Home Price in San Diego: $594,430

San Diego’s median price for an existing single-family home in June was up 4.4 percent from a year ago, according to the California Association of Realtors. However, month-over-month price growth was minimal, landing at $594,430, 0.4 percent higher than in May.

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Bank Building in Carlsbad Sold for $8.82 Million

An affiliate of Irvine-based Sperry Commercial has acquired a Carlsbad office building housing Bank of America for approximately $8.82 million, according to CoStar Group and public data.

SpectraScience Inc. Signs Deal With Middle East Distributor

San Diego’s SpectraScience Inc., a medical device company using light technologies to detect and diagnose cancers, has signed a distribution agreement with Advanced Medical German Co. (AMG) in Kuwait to be its exclusive distributor in the Middle East.

San Diego Humane Society Appoints Brehler Chief Operating Officer

San Diego Humane Society announced the promotion of Jennifer Brehler to the role of chief operating officer for the organization.

Port of San Diego Tenants Get $5.9 Million State Grant

Tenants at the Port of San Diego received a $5.9 million state grant to help them roll out all-electric freight vehicles — such as big-rig tractors and forklifts — meant to take the place of diesel-powered vehicles.

Ionis Pharmaceuticals Inc. Earns $10 Million From Janssen Biotech

Carlsbad drugmaker Ionis Pharmaceuticals Inc. has earned $10 million from Janssen Biotech Inc. by licensing out its gastrointestinal (GI) drug candidate, IONIS-JBI1-2.5Rx.

Seacoast Commerce Banc Holdings Posts Q2 Net Income of $1.78 Million

Net income for Seacoast Commerce Bank corporate parent Seacoast Commerce Banc Holdings was nearly $1.78 million in the second quarter of 2016, a 30.4 percent increase compared to the second quarter of 2015.

5D Robotics Inc. Acquires Alabama-Based Time Domain

Carlsbad-based 5D Robotics Inc. announced on July 18 that it acquired Time Domain, a business based in Huntsville, Ala. Financial terms of the deal were not disclosed.

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Developer Secures Financing for North Park Apartment Project

San Diego-based Wright Real Estate Management and Development has secured financing for a planned $11 million apartment project in North Park.

Nomination Deadline Extended for the 2016 Manufacturing Awards

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.

Region's Businesses Losing Confidence, Survey Finds

Confidence among San Diego County businesses fell in June, according to the San Diego Regional Chamber of Commerce's monthly business outlook forecast, dropping to the lowest level since the index launched nearly three years ago.

Wireless Antenna Maker Airgain Inc. Plans to Go Public

Wireless antenna maker Airgain Inc. plans to go public.

Ramona-Based Spirits Importer Reacquires Family Name

Ramona-based HPS Epicurean, a third-generation company that imports and markets internationally made spirits, wines and culinary niche brands, recently reacquired rights to the original family name of Preiss Imports.

South County EDC Launches Tourism Website

The South County Economic Development Council recently launched a new tourism website, touting South Bay events and recreational attractions.

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Lilac Hills Development Project Qualifies for the November Ballot

The San Diego County Registrar of Voters has certified that project supporters gathered sufficient signatures to place the controversial Lilac Hills Ranch development before county voters on the Nov. 8 ballot.

Illumina Seeking Candidates for Its Accelerator Program

Gene sequencing giant Illumina Inc. is calling for startups to apply to its business accelerator program for early-stage businesses in the genomics space.