San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

The Business Calendar for the Week of August 15, 2016

Some of the business events scheduled in the county for the week of August 15, 2016, and beyond.

BNBuilders Gets $2.7M Contract for Hall of Justice Renovation

The San Diego office of general contractor BNBuilders has been awarded a $2.7 million contract for a renovation of San Diego County’s Hall of Justice, the downtown location of the state Superior Court.

Connect Is Seeking Life Science Startups for Investment Program CapitalMatch

San Diego’s early-stage life science companies are invited to apply for CapitalMatch, a program run by San Diego startup accelerator Connect to link companies seeking funding with interested investors.

Prosecutors Charge Two Local Businessmen With Insider Trading in Biotech Case

Federal prosecutors have charged two San Diego businessmen with insider trading for allegedly using a confidential tip to snag $83,000 in profit when local biotech Ardea Biosciences was acquired in 2012.

Business Calendar for Week of August 15, 2016

Some of the business events scheduled in the county for the week of August 15, 2016, and beyond.

Prosecutors Charge Two S.D. Businessmen With Insider Trading in Biotech Case

Federal prosecutors have charged two San Diego businessmen with insider trading for using a confidential tip to snag $83,000 in profit when local biotech Ardea Biosciences was acquired in 2012.

Halozyme Increases Estimate for Yearly Net Revenue

Halozyme Therapeutics Inc. bumped its estimate for this year’s total net revenue haul to a high of $150 million, according to a recent financial statement.

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Angels Won’t Take Flight to OliverMcMillan Site in Tustin

San Diego developer OliverMcMillan and team officials have apparently struck out in efforts to bring the Los Angeles Angels to the developer’s proposed Tustin Legacy project in Orange County, according to published reports.

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Work begins on $100 Million Residential Community in San Marcos

The Southern California division of homebuilder Brookfield Residential has begun grading and land development work on Rancho Tesoro, a new $100 million master-planned community in San Marcos.

BNBuilders Gets $2.7 Million Contract for Hall of Justice Renovation

The San Diego office of general contractor BNBuilders has been awarded a $2.7 million contract for a renovation of San Diego County’s Hall of Justice, the downtown location of the state Superior Court.

BAE Systems Contributes $300,000 for Bridge Lighting Art Project

BAE Systems, the British defense contractor that runs one of the U.S. Navy ship repair businesses in Barrio Logan, has contributed $300,000 to a project that would bathe the San Diego-Coronado Bay Bridge with artistic lighting at night.

Veterans, Millennials Dominate S.D.'s Workforce, Women Lag, Study Finds

The San Diego area workforce has the highest percentage of millennials and veterans, but the lowest percentage of women compared to nine competing metro areas.

Broadcom Ltd. Notifies State EDD it Plans 50 Permanent Layoffs

Chipmaker Broadcom Ltd. plans to lay off as many as 50 employees in San Diego, according to information released Aug. 10 by the state Employment Development Department.

Callaway Golf Announces Quarterly Dividend

Carlsbad-based Callaway Golf Co. declared a penny-per-share dividend on Aug. 10.

Biocept Inc. Signs Distribution Deal for Philippines

Biocept Inc. struck a deal with life science distributor HarlePhil Venture Inc. to get Biocept’s liquid biopsy tests into the Philippines market.

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Local Investor Buys Arizona Medical Office Building for $2.35 Million

San Diego-based GLP Properties LP has purchased a medical office building in Mesa, Ariz., for $2.35 million, according to brokerage firm Lee & Associates.

Youngevity International Reports Q2 Revenue of $42.5 Million

Youngevity International Inc., a global direct marketer of nutritional and lifestyle products and a producer of gourmet coffees, said it took in $42.5 million in revenue in the second quarter, a 9.7 percent increase over last year.

Marketing District Consultants Cite Problems with Stadium Proposal

The San Diego Chargers’ proposed $1.8 billion downtown stadium-convention facility does not address event planners’ needs, and its funding mechanism puts local tourism promotion at risk, according to findings in a consultants’ report commissioned by the San Diego Tourism Marketing District.

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Point Loma Apartments Acquired for $90 Million

Chicago-based JLL Income Property Trust, an institutionally managed real estate investment trust, announced that it has purchased a new 180-unit San Diego apartment community for approximately $90 million.

Kura Oncology Reports Results of Cancer Drug's Phase 2 Trial

Kura Oncology stock is trading sharply higher this morning after revealing the results of a Phase 2 trial of one of its cancer drugs, Tipifarnib.