San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

Reznik Stepping Down as Executive Director of San Diego Housing Federation; Interim Director Named

he San Diego Housing Federation said its executive director, Bruce Reznik, was stepping down after little more than a year heading the advocacy group for affordable home developers and the banks that finance those projects.

Reznik Stepping Down as Executive Director of Housing Federation

The San Diego Housing Federation said its executive director, Bruce Reznik, was stepping down after little more than a year heading the advocacy group for affordable home developers and the banks that finance those projects.

Biocept Announces CFO Resignation, Names Interim CFO

Biocept Inc., a molecular diagnostics company, announced the resignation and replacement of its chief financial officer Bill Kachioff.

Unemployment Rate for County Increases in July

Unemployment in San Diego ticked up to 5.4 percent in July, up from 5 percent the month before, with the region losing about 2,500 industry jobs since June.

Business Calendar for Week of August 24, 2015

Some of the business events planned in the county for the week of August 24, 2015, and beyond.

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Historic Pack Loft Building Sold for $4.7 Million

JS Capital Enterprises Inc., an affiliate of Los Angeles-based JS Western Retail Investments, has acquired a historically-designated building in East Village for $4.7 million, according to brokerage firm Colliers International.

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Apartment Property in Hillcrest Sells for $5.4 Million

Carv Properties LLC of San Diego has purchased a 35-unit senior apartment property in Hillcrest for approximately $5.4 million, according to brokerage firm ACRE Investment Real Estate Services.

Business Confidence Falls Slightly in July, Chamber Reports

The San Diego Regional Chamber of Commerce’s Business Forecast fell in July to its lowest point in a year, though the Chamber said the decline from June was statistically insignificant.

Seacoast Commerce Bank Announces Two Benchmarks

Seacoast Commerce Bank announced two benchmarks on Thursday: it had more than $500 million in assets and had gotten over $1 billion in loans approved by the U.S. Small Business Administration.

Jana Partners Owns More Qualcomm Stock Than Previously Disclosed

Jana Partners, the New York hedge fund whose critique of Qualcomm Inc. apparently influenced several parts of the chipmaker’s restructuring plan, disclosed in an Aug. 14 securities filing that it owned slightly more Qualcomm (Nasdaq: QCOM) stock than it did three months ago.

FDA Grants Vical Inc. Infectious Disease Designation for Fungal Treatment

San Diego's Vical Inc. has won a "qualified infectious disease product" designation from the U.S. Food and Drug Administration for a proposed treatment of invasive aspergillosis, a potentially deadly fungal disease.

Envision Solar, ChargePoint Agree to Promote Each Other's Products

San Diego-based Envision Solar and Campbell, Calif.-based ChargePoint have signed an agreement to promote each other's electric vehicle (EV) charging products and services.

Navy Signs Landmark Agreement With Sempra U.S. Gas & Power

The U.S. Navy said that it has inked a landmark agreement with Sempra U.S. Gas & Power, one that constitutes the largest purchase of renewable energy ever made by a federal entity.

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New ConAm Executive to Oversee Multifamily Property Management

The ConAm Group of Companies (ConAm) has named Julie Brawn-Whitesides as its new executive vice president of property management, as the San Diego-based firm aims to grow its national multifamily property management portfolio.

Quidel Announces Changes to Board of Directors

Quidel Corp., a provider of rapid diagnostic testing solutions, cellular-based virology assays and molecular diagnostic systems, announced that Mark A. Pulido has resigned as chairman of the company's Board of Directors, a position he had held for 11 years.

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San Diego Apartment Portfolio Sold for $17.4 Million

Positive Investments of Arcadia has purchased a portfolio of three San Diego apartment properties with 171 units for a total of approximately $17.4 million, according to brokerage company Lee & Associates.

SDG&E Develops Money-Saving Technology for Solar Systems

San Diego Gas & Electric Co. said that it has developed a money-saving alternative for residential customers who want to install solar panels.

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Imperial Beach Apartments Sell for $5.16 Million

A buyer recorded as Savanna Apartments LLC of Laguna Beach has acquired the 30-unit Century Arms Apartments in Imperial Beach for $5.16 million, according to CoStar Group and Marcus & Millichap Inc.

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Golden Hill Apartment Property Sold for $6.2 Million

McNeill Property Investments LLC of San Diego has purchased a 30-unit apartment building in the city’s Golden Hill neighborhood for approximately $6.2 million, according to brokerage firm ACRE Investment Real Estate Services.

3 S.D. Companies, 2 Universities Recognized for Diversity

Three San Diego companies and two universities are some of the most diverse and minority friendly in the country, according to an annual list released this week by Hispanic Network Magazine.