San Diego Business Journal


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Reebok Opening Two FitHub Stores in San Diego

Fitness apparel and equipment maker Reebok International Ltd. is opening four Southern California locations of a new retail chain known as Reebok FitHub, including two in San Diego.

Haskell Construction Acquires Consultants FreemanWhite

Haskell, a national design, engineering and construction firm, announced it has acquired FreemanWhite, a Charlotte-based consulting and design practice focused exclusively on the health care sector. FreemanWhite has an office in San Diego.

WEST Consultants Awarded $4.9M Army Corps of Engineers Contract

San Diego-based WEST Consultants Inc. recently announced a $4.9 million contract from the U.S Army Corps of Engineers.

Pasha to Acquire Some of Horizon Lines' Assets for $141.5 Million

The Pasha Group, which operates a large auto import/export operation at the National City Marine Terminal, said it has agreed to acquire substantial assets of Horizon Lines Inc., including four container ships, for about $141.5 million.

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Chula Vista Apartment Property Sells for $22.56 Million

Sunwest Management Co. of La Mesa has purchased the 94-unit One Park apartment community in Chula Vista for $22.56 million, according to CoStar Group and public data.

Pulse Electronics Reports Q3 Operating Loss of $1.6 Million

Pulse Electronics Corp., a San Diego manufacturer of electronic components in China, reported a third quarter operating loss of $1.6 million, compared with an operating profit of $500,000 for the like quarter of last year.

Noble Environmental Technologies Raises $6 Million From Two Investors

Noble Environmental Technologies Corp., an environmental technology and manufacturing company in San Diego, has raised $6 million from the sale of securities to two undisclosed investors, according to a recent regulatory filling.

Startup Wireless Diagnostics Systems Raises $500,000

Wireless Diagnostic Systems Inc., a San Diego startup developing patient monitoring devices with technology from the California Institute of Technology lab of Axel Scherer, raised $500,000 from Domain Associates, according to a recent regulatory filing.

General Dynamics Nassco Begins Construction of 3 Tankers

General Dynamics Nassco kicked off construction of three 610-foot-long product tankers for SEA-Vista LLC with ceremonies Nov. 7 at its Barrio Logan shipyard.

Project Services Provider Cumming Opens Larger Office in Dubai

San Diego-based Cumming, which provides construction project management and cost consulting services, has expanded its international operations by opening a new office in Dubai.

Isis to Offer $425 Million of Convertible Senior Notes

Isis Pharmaceuticals Inc. announced Monday that it intends to offer $425 million of convertible senior notes, due in 2021, in a private placement, subject to market and other considerations.

Developer Gets 10 Years in Prison For $50 Million Scam

A former Escondido commercial developer was sentenced to 10 years in prison on Nov. 10 for bilking about 150 investors, including many retired seniors, of $50 million, according to the U.S. Attorney’s Office in San Diego.

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Green Flash Brewing Acquires Alpine Beer Co.

Green Flash Brewing Co. of San Diego has announced it is acquiring the East County-based Alpine Beer Co. for an undisclosed price.

RF Industries to Acquire Comnet Telecom Supply

RF Industries Ltd., the San Diego makers and distributors of wireless cable assemblies, said it signed a non-binding term sheet to acquire Comnet Telecom Supply Inc., a New Jersey distributor of telecom and data products, for an undisclosed amount of cash and stock.

Price For Single-Family Home Drops to $496,750 in October

The median price for a single-family house in San Diego dipped 3 percent to $496,750 in October from the prior month, according to the Greater San Diego Association of Realtors.

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Entropic Parts Ways with CEO; Plans to Cut 200 Jobs

Entropic Communications Inc. made a big change at the top on the same day it reported large-scale layoffs and a quarterly loss.

Proton Cancer Therapy Less Costly Than Thought, Data Shows

Despite its reputation for being expensive, proton cancer therapy may cost the same or less than other cancer therapies, according to a recent study using Medicare reimbursement codes.

San Diego County Credit Union Reports Net Income of $75M

San Diego County Credit Union, the area’s largest credit union and second-largest locally-based financial institution, reported net income for the nine months ended Sept. 30 of $75 million, up from $66.7 million in net income for the like period of 2013.

Montreal Indoor Surf Park to Feature SurfStream Wave System

American Wave Machines of Solana Beach said that a client plans to open an all-season indoor surf park in a city with freezing winters and more than 7 feet of snowfall per year: Montreal.

Carlsbad Biotech Gets FDA Clearance For Stem Cell Line

International Stem Cell Corp., a Carlsbad-based biotech company developing stem cell therapies and biomedical products, announced that the U. S. Food and Drug Administration has cleared the company’s human parthenogenetic stem cells line for investigational clinical use.