San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

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Tech Startup PetDesk Raises $2.1 Million

Local tech startup PetDesk has raised $2.1 million in an equity round, according to legal paperwork filed with regulators Thursday.

By Brittany Meiling June 18, 2017 1:09 p.m. share »
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San Diego’s GroundMetrics Inks Deal With Massive Oil Services Firm

A San Diego startup that specializes in the development of electromagnetic sensor systems that gather data about subsurface substances, such as oil and gas, has teamed up with one of the biggest names in the energy industry.

By Sarah de Crescenzo June 18, 2017 1:08 p.m. share »

Holiday Bowl Trades ESPN in for Fox Sports

After 30 years on ESPN, the San Diego County Credit Union Holiday Bowl is moving to Fox Sports for its game broadcast.

By Sarah de Crescenzo June 18, 2017 1:07 p.m. share »

Sorrento Mesa Building Housing USC Research Center Sells for $12.5M

A Beverly Hills buyer has purchased a Sorrento Mesa office building housing the University of Southern California’s Alzheimer’s Therapeutic Research Institute for $12.5 million, according to CoStar Group and public data.

By Lou Hirsh June 18, 2017 1:06 p.m. share »

TuSimple Is First Local Company to Get DMV Permit for Autonomous Vehicle Testing

TuSimple, a Chinese-American company with offices in Beijing and San Diego, has received a California DMV permit to test its autonomous vehicle technology.

By Brad Graves June 18, 2017 1:05 p.m. share »

From Parrot to Pacifiers, Pet X-Rays Have Seen It All

When the X-rays involve pets, the stories get pretty strange. Just ask the people at Sound, the Carlsbad business that makes radiography equipment for veterinarians.

By Brad Graves June 18, 2017 1:01 p.m. share »

LA Firm Acquires Auto Lender CULA

Credit Union Leasing of America, a San Diego-based company that facilitates indirect auto lending for credit unions, has been acquired by Los Angeles-based Westlake Financial Services.

By Sarah de Crescenzo June 18, 2017 1 p.m. share »

Business Owners Remain Optimistic About Local Economy

San Diego’s business community remains optimistic about the economy going forward, according to the latest report from the San Diego Regional Chamber of Commerce, which fields input on a monthly basis from about 200 randomly selected members of San Diego-area chambers of commerce.

By Sarah de Crescenzo June 16, 2017 5:40 p.m. share »

Imperial Beach Apartment Complex Sold for $2.54 Million

A Newport Beach buyer listed as 1193 Florence LLC has acquired a 12-unit apartment complex in Imperial Beach for approximately $2.54 million, according to brokerage firm Apartment Consultants Inc. (ACI).

By Lou Hirsh June 16, 2017 5:35 p.m. share »

Business Calendar for Week of June 19, 2017

Some of the business events scheduled in the county for the week of June 19, 2017, and beyond.

By Steve Adamek June 16, 2017 12:44 p.m. share »
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S.D. Startup Guru Wins $225K at Qualcomm Ventures Event

San Diego startup Guru Inc. scored $225,000 in cash and professional services for winning a pitch competition Thursday night put on by startup leaders and Qualcomm Ventures.

By Brittany Meiling June 16, 2017 11:48 a.m. share »

S.D. Company Gets DMV Permit to Test Autonomous Vehicle

TuSimple, a Chinese-American company with offices in Beijing and San Diego, has received a California DMV permit to test its autonomous vehicle technology.

By Brad Graves June 16, 2017 11:13 a.m. share »

Qualcomm's Bid for NXP Clears Another Hurdle

Taiwanese regulators have approved Qualcomm Inc.’s proposed acquisition of NXP Semiconductors N.V. The news means Qualcomm’s $38 billion acquisition has cleared one more hurdle — though it is by no means the last.

By Brad Graves June 15, 2017 3:11 p.m. share »
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Loan Delinquency Forces Park Hyatt Aviara Resort Back into Special Servicing

Ownership of the Park Hyatt Aviara Resort in Carlsbad has been transferred to a special-servicing entity for at least the second time in recent years, due to loan delinquency issues encountered by its owners. The property at 7100 Aviara Resort Drive remains open for business.

By Lou Hirsh June 15, 2017 2:14 p.m. share »

Credit Union Leasing of America Acquired by L.A. Firm

Credit Union Leasing of America, a San Diego-based company that facilitates indirect auto lending for credit unions, has been acquired by Los Angeles-based Westlake Financial Services.

By Sarah de Crescenzo June 15, 2017 2:06 p.m. share »

FDA Gives Adamis OK to Sell Cheaper Alternative to EpiPen

Local drugmaker Adamis Pharmaceuticals Corp. just got the OK from regulators to sell its lead product to patients.

By Brittany Meiling June 15, 2017 2:03 p.m. share »
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Proposed Bank Hires Executive Team With Hyper-Local Clout

The president of one of San Diego’s oldest breweries has assembled an executive team of some of the most recognizable names in San Diego’s banking industry, including three people who have previously co-founded new banks, to lead Endeavor Bank, the financial institution he anticipates launching by year’s end.

By Sarah de Crescenzo June 15, 2017 1:48 p.m. share »

Report: San Diego Tops U.S. Markets for Number of Active Breweries

San Diego is the nation’s top market for the number of operating craft beer breweries.

By Lou Hirsh June 15, 2017 1:37 p.m. share »
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Mayor Hires Chamber COO Faucett as New Chief of Staff

San Diego Mayor Kevin Faulconer has hired Aimee Faucett, currently chief operating officer for the San Diego Regional Chamber of Commerce, to be his new chief of staff starting on July 17.

By Lou Hirsh June 15, 2017 1:22 p.m. share »
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Irvine Firm Buys Sorrento Mesa Office Campus for $26.1 Million

An affiliate of Irvine-based HCP Inc. has purchased the two-building Scripps Wateridge Corporate Center office campus in Sorrento Mesa for $26.1 million, according to CoStar Group and public data.

By Lou Hirsh June 15, 2017 10:17 a.m. share »