San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

PriceSmart Inc. Announces New Costa Rica Outlet

PriceSmart Inc., which operates a chain of discount warehouse club stores in Central America and the Caribbean, announced plans to open its seventh outlet in Costa Rica.

Index Forecasts 10.3% Home Price Increase in San Diego for 12 Month Period

San Diego home prices posted moderate gains in December and are poised to rise substantially in 2017, according to the latest CoreLogic Home Price Index.

Project Concern International Names CEO

Carrie Hessler-Radelet, who led the Peace Corps from 2013 until January, has been named president and CEO of Project Concern International, the San Diego-based international development organization.

GreatCall Leases New Location to Accommodate Expansion

San Diego-based GreatCall Inc. has leased a 61,000-square-foot space in Carlsbad it plans to expand into in May.

Callaway Golf Posts Q4 Net Income of $123.3 Million

Callaway Golf Co. reported fourth-quarter net income of $123.3 million on net sales of $163.7 million. The business reported its quarterly financial results on Feb. 2.

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Baby Food Maker Raises $3.1 Million in Series A Round

Local baby food upstart Once Upon a Farm has raised $3.1 million in a Series A round, paving the way for the company’s expansion into new regions.

Civic San Diego Awards $250,000 to Mircolender Accion

Nonprofit microlender Accion San Diego has been awarded $250,000 by Civic San Diego, a nonprofit public benefit corporation created by the city of San Diego.

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Kai Ramer Becomes First COO at Rick Engineering

San Diego-based Rick Engineering Co. has appointed Kai Ramer as its first chief operating officer.

Navy Awards BAE Systems $26.7 Million Contract

The U.S. Navy awarded BAE Systems San Diego Ship Repair a $26.7 million contract modification covering work on the dock landing ship USS Harpers Ferry.

Owners of San Marcos Retail Center Obtain $92M Refinancing

Owners of the Grand Plaza retail center in San Marcos have obtained $92 million in refinancing, according to Holliday Fenoglio Fowler LP (HFF), which arranged the financing.

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Alysse Cooper Promoted to President at ICE

Innovative Commercial Environments, a San Diego-based furniture dealership, has promoted Alysse Cooper to president.

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San Diego Firm Acquires Del Mar Plaza Retail Center

San Diego’s Brixton Capital has acquired the Del Mar Plaza retail center in downtown Del Mar, though the price was not immediately disclosed. According to CoStar Group, the property at 1555 Camino Del Mar last sold for $41.6 million in 2010.

Renovate America Obtains $100M Credit Facility

San Diego-based Renovate America has completed a $100 million credit facility with Credit Suisse, the company announced.

Qualcomm, TDK Launch Joint RF Venture

Qualcomm Inc. is making a splash in the RF, or radio frequency, area of electronics.

Acadia's Stock Gets Boost From Speculation of Possible Acquisition

The stock of San Diego drugmaker Acadia Pharmaceuticals Inc. is on the rise Feb. 3 following speculation of a takeover bid by Big Pharma AstraZeneca.

GA ASI Awarded $11.9M Royal Air Force Contract

General Atomics Aeronautical Systems Inc. has a new contract to provide the U.K. Royal Air Force with spare parts and support equipment for the U.K.’s fleet of remotely p

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San Diego Firm Buys Three Local Office Properties for $76.95 Million

The Casey Brown Co. of San Diego has acquired three local office properties for a total of $76.95 million, according to brokerage firm CBRE Group Inc.

The Business Calendar for the Week of February 6, 2017

Some of the business events scheduled in the county for the week of February 6, 2017, and beyond

Silvergate Bank Reports 2016 Earnings of $8.1 Million

La Jolla-based Silvergate Bank reported fourth-quarter net income of $2.4 million, up 41 percent from $1.7 million in the final quarter of 2015.

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Zephyr Breaks Ground on $185M Condo Development in Dana Point

San Diego-based developer Zephyr recently broke ground on South Cove, the company’s $185 million luxury condominium community in Dana Point.