San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

Business Calendar for Week of November 28, 2016

Some of the business events planned for the county for the week of November 28, 2016 and beyond.

Airgain Announces Follow-on Offering

San Diego-based Airgain Inc. — which makes antennas for mobile and household devices — plans to sell up to $46 million of its common stock in a follow-on offering.

Game Developer Psyonix Expands into Emmes’ Downtown Tower

San Diego-based video game developer Psyonix Inc. has signed a multiple-floor lease as it expands into downtown’s 1 Columbia Place, according to office tower owner Emmes Realty Services of California LLC.

Cybersecurity Firm Proficio Targets Expansion Abroad, Raises $12 Million in Funding Round

Proficio, a Carlsbad-based provider of managed cybersecurity detection and response services, has raised $12 million in an international funding round.

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Andaz San Diego Opens New Meeting, Events Space After Renovation

Andaz San Diego has opened a new meeting and events space called The Gallery, following a $400,000 renovation at the Gaslamp Quarter hotel.

Sempra Subsidiary Withdraws From Negotiations on Peru Pipeline

Sempra International has withdrawn from talks it had hoped would allow the company to participate in a $6.5 billion natural gas pipeline project in Peru.

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HP Campus Buyer Obtains $90M for Purchase, Renovations

San Francisco-based Swift Real Estate Partners has obtained $90 million in financing for its recent acquisition and upcoming repositioning of the Rancho Bernardo office campus that it recently acquired from tech giant HP Inc.

San Diego Hotel Revenue Grows 4.1 Percent in First 10 Months

San Diego County hotels posted a 4.1 percent gain in revenue in the first 10 months of 2016, topping $2.29 billion, with year-over-year increases on most key metrics, according to the latest monthly data from research firm STR.

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Genalyte Inc. Receives $36 Million in Latest Funding Round

Local life science firm Genalyte Inc. has landed $36 million in funding to accelerate the development of its blood testing technology.

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Pacific Beach Retail Property Sold for $2.3 Million

SMP Realty LLC of San Marcos has purchased a Pacific Beach retail building for $2.3 million, according to brokerage firm Lee & Associates.

Judge Blocks Overtime Rule

A Texas judge has granted an injunction blocking the Department of Labor’s overtime rule, which would have required businesses nationwide to pay overtime to more than four million employees by doubling the salary threshold below which workers are eligible for that pay.

Cryotherapy Company Opens Third Location

A San Diego company has opened its third cold therapy treatment center at a location in La Jolla.

Fate Therapeutics Inc. Reports Private Financing Totaling $57 Million

San Diego biotech Fate Therapeutics Inc. reported a private financing totaling $57 million.

David Inns Named EY Entrepreneur of the Year

The CEO of San Diego-based GreatCall, David Inns, has been named 2016’s EY Entrepreneur of the Year in the national award’s services category.

Jack in the Box Inc. Reports Q4/2016 Earnings

Jack in the Box Inc. reported increased earnings of $126.3 million in fiscal year 2016 compared to $112.6 million in fiscal year 2015.

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Chula Vista Retail Property Sells for $5.1 Million

C3 Centers LLC of San Diego has acquired a retail showroom property in Chula Vista’s Eastlake neighborhood for $5.1 million, according to brokerage firm Pacific Coast Commercial.

Tam O'Shaughnessy Appointed to Smithsonian Advisory Board

President Barack Obama has appointed Tam O'Shaughnessy, cofounder and executive director of Sally Ride Science at UC San Diego, to the advisory board of the Smithsonian's National Air and Space Museum in Washington, D.C.

Gene Sciences Inc. Raises $8 Million in Equity Funding

Biotech upstart Gene Sciences Inc. has raised $8 million in equity funding, according to a recent form filed with the Securities and Exchange Commission.

Three Local Institutes Receive Grants to Pursue Cancer Research

Three San Diego-area research institutions have received grants from the Cary, N.C.-based V Foundation for Cancer Research.

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San Diego Apartment Property Sells for $156 Million

A Newport Beach buyer recorded as Trea Blvd63 LLC has acquired the 332-unit BLVD63 Apartments in San Diego’s Rolando neighborhood for $156 million, according to CoStar Group and public data.