San Diego Business Journal


Mad Engine Acquires Neff Headwear

San Diego-based licensed apparel company Mad Engine LLC has acquired Neff Headwear from Marlin Equity Partners and the Neff Family, the company announced.

By Steve Adamek May 16, 2017 11:20 a.m. share »

Private Bancorp Reports Increase in First Quarter Earnings

Private Bancorp of America Inc., the La Jolla-based parent company of San Diego Private Bank, saw earnings rise 20 percent from a year ago in its first quarter ending March 31, reaching $1,346,000.

By Lou Hirsh May 16, 2017 11:15 a.m. share »
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Sears Plans to Close Store at Westfield UTC

The Sears full-line department store at Westfield UTC is among at least 28 Sears and Kmart stores added to a previously announced nationwide list of planned closures, as the long-struggling Sears Holdings Corp. continues to restructure its operations.

By Lou Hirsh May 16, 2017 10:53 a.m. share »
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Aira Raises $12 Million in Series B Round

San Diego startup Aira has raised $12 million in a Series B round that will allow the company to scale its technology for the blind.

By Brittany Meiling May 16, 2017 10:48 a.m. share »
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Sharp HealthCare Promotes Staci Dickerson to CFO

Staci Dickerson has been named senior vice president and chief financial officer of Sharp HealthCare.

May 15, 2017 2:16 p.m. share »

Here Come the Big Guys: How One Tech CEO Spotted Opportunity

A team that helped found San Diego’s BlueHornet Networks Inc. around 1999 and 2000 thinks it sees another opening in messaging software.

By Brad Graves May 15, 2017 1:44 p.m. share »

Ionis Pharmaceuticals Upbeat About Clinical Trial

Ionis Pharmaceuticals touted a clinical win for its investigational drug, inotersen, which just wrapped up Phase 3 trials. But safety concerns make it unclear if the drug will ever reach the market.

By Brittany Meiling May 15, 2017 1:20 p.m. share »
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Liberty Station Office Building Sells for $5.28 Million

Real estate services firm Help U Buy LLC of San Diego has acquired a bayfront office property in Point Loma’s Liberty Station mixed-use development for approximately $5.28 million, according to brokerage firm Lee & Associates.

By Lou Hirsh May 15, 2017 1:14 p.m. share »

MaxLinear Completes Acquisition of Exar Inc. for $687 Million

Carlsbad-based MaxLinear Inc. said on May 12 that it completed its acquisition of Exar Inc. for $687 million cash. Exar shareholders will receive $13 per share — a 22 percent premium on Exar’s price on March 28, the day before the offer was announced.

By Brad Graves May 15, 2017 12:51 p.m. share »

Telemundo to Debut New Local Channel

Florida-based Telemundo plans to serve Spanish-speaking audiences in San Diego and Baja California with a new television channel, set to debut on July 1.

By Brad Graves May 15, 2017 12:49 p.m. share »

Petco Partners With Thrive to Expand Its Veterinary Care Options in Stores

Petco Animal Supplies Inc. announced a joint venture with Austin-based Thrive Affordable Vet Care to incorporate full-service Thrive clinics in select Petco stores later this year.

By Steve Adamek May 15, 2017 12:47 p.m. share »
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Roush Appointed Interim President of San Diego State University

California State University Chancellor Timothy White has appointed Sally Roush to serve as interim president of San Diego State University, starting July 1. University officials said Roush will serve in that capacity until a new president is selected by the CSU Board of Trustees.

By Lou Hirsh May 15, 2017 12:43 p.m. share »

Pilot Program from HLI Offers More Affordable Version of Co.'s Health Exam, Genomics Analysis

San Diego’s health intelligence company Human Longevity Inc. is launching a more affordable version of its high-end and in-depth physical exam program, Health Nucleus.

By Brittany Meiling May 14, 2017 1:07 p.m. share »
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Feds May Have Nixed Sale of Hotel Del

Six months after its planned sale of Hotel del Coronado to a Chinese insurance company was apparently scuttled by scrutiny from federal officials, the iconic property remains in the portfolio of owner Blackstone Group LP.

By Lou Hirsh May 14, 2017 1:06 p.m. share »
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Four Things Founders Should Know About SEED San Diego

Here are four things Eric Gasser wants founders to know about SEED San Diego, the early-stage investor group he co-founded.

By Brittany Meiling May 14, 2017 1:05 p.m. share »

GA-ASI Awarded $221.6 Million Contract for Gray Eagle Aircraft, Equipment

The U.S. Army awarded a $221.6 million contract modification to General Atomics Aeronautical Systems Inc. on May 10, the Pentagon announced.

By Brad Graves May 14, 2017 1:04 p.m. share »

For Teachers and Journalists, Lessons in Rent Affordability

Teachers, when it comes to the financial crush of rising apartments rents, we in the journalism profession feel your pain.

By Lou Hirsh May 14, 2017 1:03 p.m. share »

The Business Calendar for the Week of May 15, 2017

Some of the business events planned in the county for the week of May 15, 2017, and beyond.

By Steve Adamek May 14, 2017 1:03 p.m. share »
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Wilson Cos., Milestone Obtain $30M in Financing for Assisted-Living Facility

San Diego-headquartered Douglas Wilson Cos. and Milestone Retirement Communities LLC have obtained approximately $30 million in financing for a planned new assisted-living and memory care facility in Chula Vista.

By Lou Hirsh May 14, 2017 1:01 p.m. share »

CEO Leaving Voices for Children for New Position in Oakland

San Diego-based nonprofit organization Voices for Children said May 11 that longtime CEO Sharon M. Lawrence would be leaving the organization in November to head up the California CASA Association in Oakland.

By Sarah de Crescenzo May 14, 2017 1 p.m. share »