San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

Business Calendar for Week of June 20, 2016

Some of the business events scheduled in the county for the week of June 20, 2016, and beyond.

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S.D. Apartment Portfolio Sells for $8.66 Million

Locally based NP Ventures LLC and Sucato Family Trust have purchased a portfolio of four San Diego apartment properties for a total of approximately $8.66 million, according to brokerage firm Colliers International Group Inc.

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CBRE Forms Agribusiness and Natural Resources Practice in San Diego

CBRE Group Inc. has formed a new land, agribusiness and natural resources practice in its San Diego office, the Los Angeles-based commercial real estate services company announced.

Breg Appoints Benjamin Hutson VP of Operations

Breg Inc., a provider of sports medicine products and services, announced recently that Benjamin Hutson has joined the company as vice president of operations.

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Judy Forrester Appointed Permanent CEO of The New Children’s Museum

Judy Forrester has been appointed permanent CEO and executive director of The New Children’s Museum, the museum announced.

SBA Pledges $250,000 for MiraCosta College to Establish Veterans Business Outreach Center

The U.S. Small Business Administration has pledged $250,000 to establish a Veterans Business Outreach Center at MiraCosta College’s Technology Career Institute in Carlsbad.

Survey Ranks Sorrento Valley Fifth for Raising Venture Captial

Twenty neighborhoods in the U.S. account for more than $10 billion in venture capital — and one of them is in San Diego, according to a report released this week.

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Preston Romm Named COO at Suneva Medical Inc.

Suneva Medical Inc., a facial skin care company in San Diego, has hired ex-Valeant Pharmaceuticals executive Preston Romm as the company’s new chief operating officer.

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New Homes Planned After $9.55M Land Deal in Santee

An affiliate of Santa Monica-based Watt Communities Inc. has purchased an 18-acre Santee land parcel for $9.55 million, with plans to build new single-family homes, according to CoStar Group and public data.

Bruce Binkowski, Mack Brown Inducted into Hall of Fame

The San Diego Bowl Game Association, which produces the Holiday Bowl and San Diego County Credit Union Poinsettia Bowl, inducted two new members into its Hall of Fame. Bruce Binkowski and Mack Brown were recognized Thursday at a luncheon held at the Marriott Marquis San Diego Marina.

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Carlsbad Apartment Property Sells for $4.1 Million

Kuhio Partnership of Temecula has purchased a 17-unit apartment property in Carlsbad for $4.1 million, according to brokerage firm Marcus & Millichap.

GA-ASI Adds Improved Sensor to Predator Model

General Atomics Aeronautical Systems Inc. said it has integrated a sophisticated sensor into its Predator C Avenger, a jet-powered aircraft in its Predator line.

Venture Capital Continues Decline With Biotech Seeing Deepest Dip

Venture capital is down once again in San Diego, with a particularly noticeable decline in the region’s biotech sector.

Army Awards GA-ASI $24.8 Million Contract

The U.S. Army awarded General Atomics Aeronautical Systems Inc. a $24.8 million contract modification, covering an additional six months of logistics support for the Army’s Warrior A and Gray Eagle Block 0 unmanned aircraft systems. Warrior and Gray Eagle are versions of the Poway builder’s original aircraft, called the Predator.

City Obtaining $25.5 Million State Loan for Convention Center Repairs

The San Diego City Council has approved plans for the city to obtain a state loan of up to $25.5 million for repairs to the San Diego Convention Center, including replacement of the facility’s iconic but fraying Sails Pavilion roof structure.

Cobham's San Diego Operation to Share $18 Million Contract

Cobham PLC said in early June that it won $18 million in subcontracts to support an airborne electronic warfare program.

Hookit, VerifiR Take Home Award, $5,000 in SDSI Competition

San Diego Sport Innovators (SDSI) announced that tech firms Hookit and VerifiR were the winners of the inaugural SDSI Star Brand Award. Each received a $5,000 cash prize.

Skin Care Co. Suneva Medical Receives $25 Million Round of Financing

Suneva Medical Inc., a facial skin care company in San Diego, has raised $25 million to boost commercialization of its products, the company announced.

Parking-Focused REITs Hire Investment Banking Firm

MVP REIT Inc. and MVP REIT II Inc., San Diego-headquartered investment firms focused on parking structures and facilities, have engaged an investment banking firm to advise them on potential future actions including stock offerings and capital raises.

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Kevin Lind Appointed CFO of Arena Pharmaceuticals

San Diego drugmaker Arena Pharmaceuticals Inc. has hired a permanent chief financial officer. The company announced Wednesday the appointment of Kevin R. Lind.