San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

Business Calendar for Week of Feb. 1, 2016

Some of the business events planned in the county for the week of Feb. 1, 2016, and beyond.

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County’s Construction Starts Declined 25 Percent in 2015

San Diego County finished 2015 with construction starts valued at approximately $3.12 billion, down 25 percent from 2014, according to the latest numbers from research firm Dodge Data & Analytics.

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Developer Gets $65M in Refinancing for San Diego Retail Center

San Diego-based developer Coast Income Properties has obtained $65 million in refinancing for its Village at Pacific Highlands Ranch retail center near Carmel Valley, according to brokerage company CBRE Group Inc., which arranged the loan.

BofI Holding Inc. Reports Q2 Net Income of $28.1 Million

BofI Holding, Inc., parent company of BofI Federal Bank, reported net income of $28.1 million for the fiscal quarter ending Dec. 31, up 45 percent from the year before.

Slashdot Media Acquired by BIZX for Undisclosed Price

BIZX LLC has acquired Slashdot Media from DHI Group Inc., the companies announced on Jan. 28. The acquisition included the web properties SourceForge.net and Slashdot.org. Financial terms of the deal were not disclosed. The transaction closed Jan. 27.

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Sam Reese Appointed CEO at Vistage Worldwide Inc.

Vistage Worldwide Inc. said it named Sam Reese as CEO. Reese succeeds Leon Shapiro, who will continue to serve on the Vistage board of directors.

USD Receives $12 Million Gift From Foundation Created by Intel Co-Founder

The University of San Diego on Thursday announced it had received a $12 million gift from a nonprofit created by a co-founder of Intel to bolster science, technology, engineering and math education.

Human Longevity Inc. Acquires Lifebank USA

San Diego genomics company Human Longevity Inc. announced Thursday that it will acquire placental and cord blood banking business LifebankUSA from Celgene Cellular Therapeutics, a subsidiary of Celgene. Financial terms of the deal were not disclosed.

Guild Mortgage Reports Loan Volume of $13.8 Billion for 2015

Guild Mortgage Co. on Wednesday reported record loan volume of $13.8 billion for 2015, almost double the $7.4 billion from the year before and exceeding internal expectations by nearly $2 billion.

Qualcomm Says Q1 Net Income Down 24 Percent

A dispute between South Korea-based LG Electronics Inc. and San Diego’s Qualcomm Inc. is delaying $100 million of royalty revenue coming into Qualcomm, company officials said during an investor conference call Jan. 27.

Navy Completes North Island Maintenance Facility

The U.S. Navy celebrated completion of a 100,000-square-foot helicopter maintenance facility at Naval Air Station North Island on Jan. 21. RQ Construction was the prime contractor.

Equinox Center Merging With Center for Sustainable Energy

The San Diego-based Center for Sustainable Energy (CSE) is absorbing a local research and policy nonprofit called Equinox Center.

Pure Project Debuting at H.G. Fenton’s First Brewery Incubator

Local beer microbrewer Pure Project plans a Jan. 30 opening, as the first tenant to debut at property owner H.G. Fenton Co.’s Brewery Igniter incubator facility in Miramar.

Survey: Optimism Remains Strong for Commercial Real Estate Demand

Developers remain confident that demand for California and San Diego County commercial real estate will remain strong through 2018, spurring opportunities for new construction and investment, according to the latest twice-yearly survey by the law firm Allen Matkins and UCLA Anderson Forecast.

Pacific Beach Manufacturer to Appear on 'Beyond the Shark Tank'

Tower Paddle Boards, a Pacific Beach-based manufacturer, will appear on an episode of ABC’s “Beyond the Shark Tank” on Thursday, Jan. 28, showcasing its growth since billionaire Mark Cuban bought nearly a third of the company in 2012.

The Scripps Research Institute Receives $12.8 Million from Taiwanese Philanthropist

Taiwanese billionaire Samuel Yin has given $12.8 million to The Scripps Research Institute (TSRI) to help build a major laboratory complex.

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General Dynamics NASSCO's Newest Vessel Leaves Shipyard

The Perla Del Caribe, the newest vessel to come out of the General Dynamics NASSCO shipyard, left San Diego on Jan. 26 for the Panama Canal and Jacksonville, Fla.

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Vicky Carlson Resigns as CEO of LEAD San Diego

Vicky Carlson announced on Jan. 25 that she plans to step down from the CEO’s job at LEAD San Diego in May.

Nominations for the San Diego Business Journal’s 'CFO of the Year' Extended

Nominations for the San Diego Business Journal’s “2016 CFO of the Year Award” have been extended to Monday, Feb. 8.

Oceanside Townhomes Planned after $2.25 Million Land Buy

San Diego-based KD Development Inc. has acquired an Oceanside land parcel for $2.25 million, with plans to develop multi-level, for-sale townhomes, according to brokerage company Lee & Associates.