San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

Richard Slansky Appointed CFO at OncoSec Medical Inc.

OncoSec Medical Inc., a company developing cancer immunotherapies, announced Thursday the appointment of Richard B. Slansky as chief financial officer effective July 6.

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Land Housing Auto Dealership Sold for $3 Million

An affiliate of San Diego developer H.G. Fenton Co. has purchased a commercial land parcel currently housing a used-car dealership in the city’s College Area for $3 million, according to CoStar Group and public data.

Value of S.D. County's Taxable Property Pegged at $458 Billion

San Diego County’s assessor said Wednesday the value of all taxable property in the region rose 5.6 percent to $458 billion as of Jan. 1, with the City of San Diego’s property value assessments growing 6 percent to $218 billion.

Palomar Health to Close Downtown Escondido Hospital

Palomar Health's Board of Directors voted Wednesday night to close Palomar Health Downtown Hospital in Escondido.

General Atomics ASI Receives $121.4 Million Army Contract

General Atomics Aeronautical Systems Inc. recently received a $121.4 million contract modification from the U.S. Army.

Aethlon Medical Enters $6 Million Stock Purchase Agreement

San Diego-based Aethlon Medical Inc., a medical device company developing therapies for infectious diseases and cancer, announced Wednesday that it entered into a definitive $6 million stock purchase agreement.

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South San Diego Apartments Sell for $7.45 Million

A buyer recorded as Wildwood Apartments LLC has acquired the 44-unit Playa Blanca Apartments in southern San Diego for $7.45 million, according to commercial brokerage company JLL.

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David Buss, Retired Vice Admiral, Joins Cubic Corp.

David H. Buss, who recently retired as a vice admiral and who served as the U.S. Navy’s Coronado-based “air boss,” has taken a vice president’s job with Kearny Mesa-based Cubic Corp. The San Diego defense contractor announced the appointment on June 24.

EDF Renewable Energy Continues Its Acquisitions of Texas Wind Projects

San Diego-based EDF Renewable Energy announced the acquisition of the Salt Fork Wind Project from Cielo Wind Power LP.

FDA Grants ARK Animal Health MUMS Drug Designation

ARK Animal Health Inc., a wholly-owned subsidiary of San Diego-based Sorrento Therapeutics Inc., was granted a Minor Use/Minor Species (MUMS) Drug Designation for its pain drug, ARK-001, for dogs with bone cancer.

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Mixed-Use Project with Ritz Carlton Proposed for East Village

Cisterra Development of San Diego has proposed an East Village mixed-use project that would include 205 residential units and a 160-room, five-star Ritz Carlton hotel, according to Civic San Diego.

Conrad Prebys Donates $100 Million to Sanford-Burnham Institute

The Sanford-Burnham Medical Research Institute announced Wednesday that it has received a gift of $100 million from prominent San Diego developer and philanthropist Conrad Prebys.

Is Qualcomm Interested in Buying Silicon Valley Chipmaker?

The stock market has found intrigue in Silicon Valley chipmaker Advanced Micro Devices Inc., which according to one report might be considering selling part of the company. A contributor to a crowd-sourced financial website has added speculation to speculation, saying Qualcomm Inc. is a plausible buyer.

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Developers Start Work on $21 Million Oceanside Mixed-Use Project

Developers Ryan Companies US Inc. and GF Properties Group LLC planned a June 23 groundbreaking for Block 18, a $21 million mixed-use development in downtown Oceanside.

San Diego County Credit Union Opens Hillcrest Branch

The San Diego County Credit Union, San Diego’s largest locally-owned financial institution, has opened a new branch in the Hillcrest area at the corner of 5th and University avenues.

Imprimis Acquires Rights to Sedation Formulations

Imprimis Pharmaceuticals Inc. has acquired the rights to novel sedation and analgesia/anesthesia formulations that can block pain and sedate patients undergoing ocular and other surgical procedures.

New Commercial Center Planned in Santee

The Santee City Council recently approved plans for Santee Station, a 16,942-square-foot, four-building commercial center planned for a 2.65-acre site at 8866 N. Magnolia Ave. Completion is expected in early 2016.

Northrop Grumman Awarded $60.9 Million Navy Contract

The U.S. Navy awarded Northrop Grumman Corp. a one-year, $60.9 million service contract related to its Broad Area Maritime Surveillance demonstrator unmanned aircraft, which is similar to its Global Hawk.

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Del Mar Heights Office Property Sold for $29.4 Million

San Diego-based Cruzan has acquired the Del Mar Corporate Plaza office property in Del Mar Heights for $29.4 million, according to brokerage company DTZ.

OneRoof Energy Partners With Fry's Electronics

OneRoof Energy Inc. and Fry's Electronics announced Tuesday that they will partner to install kiosks in select Fry's stores aimed at giving customers the opportunity to learn about going solar.