San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

Business Calendar for Week of August 14, 2017

Some of the business events planned in the county for the week of August 14, 2017, and beyond.

By Steve Adamek August 11, 2017 12:44 p.m. share »

DJO Reports Subsidiary’s Q2 Results, Emphasizes Its Transformation Plan

San Diego medical technology company DJO Global on Thursday posted a bump in net sales in the second quarter at its subsidiary DJO Finance LLC while repeatedly emphasizing an operations transformation plan.

By Jared Whitlock August 11, 2017 12:21 p.m. share »
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Construction Starting on Retail Center, Hotel at Millenia

Developers have slated an Aug. 15 ground-breaking for the Millenia Commons retail center and a 135-room Ayres Hotel, being built at the Millenia mixed-use development in Chula Vista.

By Lou Hirsh August 11, 2017 12:11 p.m. share »

Turtle Beach Corp. Reports Net Revenue of $19.2M in Q2

San Diego-based Turtle Beach Corp., which makes gaming headsets and accessories, reported a net loss of $7.1 million on net revenue of $19.2 million in its second quarter, which ended June 30. The business reported its financial results on Aug. 10.

By Brad Graves August 11, 2017 11:49 a.m. share »

What's Missing From San Diegans' Personal Investment Strategies?

San Diegans have more confidence than the average American that they will reach their investment goals, but do the activities that would help them achieve those goals less often than the national average.

By Sarah de Crescenzo August 11, 2017 11:26 a.m. share »
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Sorrento Mesa Office Building Sells for $16.3 Million

Rancho Santa Fe-based Premier Realty Holdings Inc. has acquired the Wateridge Pavilion office building in Sorrento Mesa for $16.3 million, according to brokerage firm CBRE Group Inc.

By Lou Hirsh August 10, 2017 4:01 p.m. share »

Q3 Net Income Up for Jack in the Box, But Short of Expectations

Jack in the Box Inc. (Nasdaq: JACK) on Thursday reported net earnings of $36.4 million on revenues of $357.8 million for the quarter that ended July 9, the third quarter of the company’s fiscal 2017, an improvement over the same third quarter in 2016 when the company reported $30.1 million on revenues of $368.9 million.

By Sarah de Crescenzo August 10, 2017 3:55 p.m. share »

Halozyme Receiving More Royalty Payments

Local drugmaker Halozyme Inc. is seeing an uptick in royalty payments from the company’s Enhanze technology, which is partnered with several Big Pharmas.

By Brittany Meiling August 10, 2017 1:30 p.m. share »
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KB Home Plans San Diego Townhomes After $9.73 Million Land Purchase

An affiliate of Los Angeles-based homebuilder KB Home has acquired a 3.47-acre land parcel in San Diego’s Pacific Highlands Ranch community for $9.73 million, with plans to develop 69 townhomes, according to brokerage firm Colliers International Group Inc.

By Lou Hirsh August 10, 2017 1:27 p.m. share »
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Coronado Apartments Sold for $4.9 Million

Hale Real Estate Partners LLC of San Diego has purchased a 12-unit apartment property in Coronado for approximately $4.9 million, according to brokerage firm South Coast Commercial Inc.

By Lou Hirsh August 10, 2017 1:24 p.m. share »

San Diego County Hotel Deal Volume Rose 70 Percent in First Half

San Diego County’s hotel property deal volume rose 70 percent from a year ago in the first half of 2017, as transaction dollar volume increased 54 percent, according to a mid-year report from brokerage and research firm Atlas Hospitality Group.

By Lou Hirsh August 10, 2017 1:21 p.m. share »

LRAD Reports Q3 Revenue of $4.1 Million

LRAD Corp., the Rancho Bernardo business that makes specialized acoustic products for the military, governments and industry, reported a net loss of $528,000 on revenue of $4.1 million in its third quarter, which ended June 30.

By Brad Graves August 10, 2017 1:18 p.m. share »
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The Myths of Cloud Computing

Cloud computing is awash in myths and assumptions. The technology — which goes by the name “Software as a Service” or other names — is still poorly understood in many quarters.

By Brad Graves August 10, 2017 1:09 p.m. share »

Two Venture Capitalists Named to Sirenas Board

Sirenas LLC, which uses deep data mining to advance drug discovery, has appointed two directors with venture capital experience to its board.

By Sarah de Crescenzo August 9, 2017 5:18 p.m. share »

American Medical Response to Be Acquired in $2.4 Billion Deal

American Medical Response, or AMR, which provides ambulance services in San Diego and across the country, will be acquired under a $2.4 billion cash deal announced Tuesday.

By Jared Whitlock August 9, 2017 5:10 p.m. share »

S.D. Defense Contractor Says It Could 'Protect and Defend' U.S., Japan and South Korea

Amid escalating tensions between the U.S. and North Korea, a San Diego defense contractor is asserting that remotely piloted aircraft such as the ones it manufactures might have a role to play in missile defense.

By Brad Graves August 9, 2017 3:20 p.m. share »

Saudi Arabia Awards 4-Year Contract to Kratos

The government of Saudi Arabia awarded San Diego-based Kratos Defense & Security Solutions Inc. up to $46.2 million worth of business over the next four years.

By Brad Graves August 9, 2017 2:39 p.m. share »
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Chula Vista Industrial Park Sells for $18 Million

Los Angeles investors George Rollins and Frederick Rollins have acquired a Chula Vista industrial park for $18 million, according to CoStar Group and public data.

By Lou Hirsh August 9, 2017 1:27 p.m. share »

AlliedPRA Acquired by N.Y.-Based Private Equity Firm

San Diego-based business event management firm AlliedPRA has been sold to CI Capital Partners LLC, a New York-based private equity firm.

By Sarah de Crescenzo August 9, 2017 1:24 p.m. share »
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Vista Office Property Sold for $9.85 Million

An affiliate of San Diego-based Coseo Properties Inc. has purchased a three-building Vista office property for $9.85 million, according to brokerage firm Cushman & Wakefield.

By Lou Hirsh August 9, 2017 1:20 p.m. share »