San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

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Pinnacle Buys Three Downtown Properties for $8.5 Million

An affiliate of Vancouver, B.C.-based Pinnacle International has acquired three industrial and retail properties in downtown San Diego, currently housing a Bridgestone auto repair and retail facility, for $8.5 million, according to CoStar Group and public data.

Mexican Protests Prompt Startup Organizers to Cancel Binational Event

Protests in Tijuana involving the Mexico gas crisis have caused organizers of Startup Weekend Binational to cancel its first cross-border event.

NFL Gives Chargers Two More Days to Decide Location Plans

The National Football League has extended by two days the San Diego Chargers’ deadline to decide whether the team will relocate to the Los Angeles market, switching it to Jan. 17.

DexCom Reports Record Revenue of $570 Million for 2016

San Diego medical device maker DexCom Inc. has reported $570 million in revenue for its fiscal 2016, a 42 percent jump over 2015.

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Hillcrest Hotel Being Converted to Apartments

A Sommerset Suites Hotel in Hillcrest is slated to become a boutique apartment community after the property was recently purchased by San Diego-based SENTRE Partners.

A Sneak Peek at ViaSat's Newest Satellite

Carlsbad-based ViaSat Inc. is betting much of its future on a new satellite costing more than $500 million.

Scripps Research Institute, Pfizer Ink Licensing Agreement

The Scripps Research Institute has landed a deal with global drugmaker Pfizer Inc. in which Pfizer will use TSRI’s technology to find promising chemical leads for new drugs.

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Here's San Diego County’s Top Office Deals of 2016

San Diego County ended 2016 with its office vacancy rate at 10 percent, according to the latest data from CoStar Group, as rents continued to rise amid limited construction and rising demand.

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Scripps Ranch Industrial Building Sold for $9.8 Million

A buyer listed as Evergreen & Prop Mgmt LLC has purchased an industrial property in San Diego’s Scripps Ranch submarket for approximately $9.8 million, according to CoStar Group and public data.

Kansas VC Firm Invests in TrackForce

San Diego company Trackforce, which provides software-as-a-service operation management tools for security services, announced this week the closing of a $7.4 million investment from Kansas-based growth equity firm Five Elms Capital.

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San Diego Apartment Property Sells for $20 Million

A San Diego buyer recorded as Mission Gorge Road LP has purchased a 90-unit apartment property in the city’s San Carlos neighborhood for approximately $20 million, according to brokerage firm CBRE Group Inc.

Struggling Garden Fresh to Sell Assets to N.Y. Investment Firm

San Diego-based Garden Fresh Restaurant Corp., which operates more than 100 Souplantation and Sweet Tomatoes restaurants in 11 states, is selling the company's assets to affiliates of New York-based private investment firm Cerberus Capital Management L.P. and its partners.

WD-40 Shares Slide on Weak First-Quarter Earnings

Shares of San Diego-based WD-40 Co. fell more than 10 percent Tuesday after the company’s first-quarter earnings, released Monday, fell short of expectations.

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Tom McCarty Named CMO at Bridgepoint Education

Bridgepoint Education Inc. has appointed a new senior vice president, Tom McCarty, to serve as chief marketing officer.

Teamsters to Strike All UC Facilities Jan. 10

A plan by the Teamsters union to conduct a one-day labor strike Jan. 10 by clerical workers across the University of California system has been met with recrimination by UC San Diego Health, which said it plans to keep its facilities open during what it called a potentially illegal job action.

Mirati Therapeutics Announces Pricing of Public Offering

San Diego-based Mirati Therapeutics Inc. said Jan. 6 that it priced its initial public offering at $5.60 per share, raising up to $65 million before underwriting and related expenses. The offering is expected to close Jan. 11.

In This Ranking, Qualcomm Places 4th

The scientists and attorneys at Qualcomm Inc. have been busy.

Two Indexes Show Region's Economic Health

A local economic index jumped in November by its biggest margin in more than half a year, owing to improvement in the areas of consumer confidence, residential permitting activity and initial claims for unemployment.

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Sharp's Chief Medical Officer Appointed to HQI Board

Sharp Chula Vista Medical Center’s chief medical officer has been appointed to a board that helps a number of state and regional groups improve industry performance and foster innovation.

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Illumina, IBM to Deploy Watson to Take on Cancer Treatments

Illumina Inc. kicked off the J.P. Morgan Healthcare Conference with a bang Monday morning when the company announced a partnership with IBM Watson that could revolutionize cancer care.