San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

Only a Few Days Left to Register for 2016 Top Tech Exec Awards

Tickets are going fast for the annual Top Tech Exec Awards. Honorees will be celebrated at the Top Tech Exec Awards ceremony on Thursday, May 19, at the Del Mar Fairgrounds and all selected nominees will be spotlighted in the San Diego Business Journal.

Irvine’s Synoptek Opens New San Diego Location

Synoptek, an Irvine-based IT managed services provider and cloud solutions firm, announced it is expanding its presence in San Diego and opening a new office.

Novatel Wireless Inc. Posts Q1 Net Loss of $11.9 Million

Novatel Wireless Inc. reported a net loss of $11.9 million on total net revenues of $66.9 million in its first quarter.

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Golden Hill Apartment Property Sells for $7.57 Million

An affiliate of Lake Forest-based Allen Properties has acquired an 18-unit apartment property in San Diego’s Golden Hill neighborhood for approximately $7.57 million, according to CoStar Group and public data.

Report: Health Care Sector Remains Main Draw for VCs in First Quarter

Venture capital dipped slightly for San Diego companies, according to a first-quarter report from Cushman & Wakefield. The health care sectors, however, are still stealing the show.

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San Marcos Nursing Facility Sold for $8 Million

An affiliate of Los Angeles-based The ARBA Group has purchased Village Square Nursing Center in San Marcos for $8 million, according to CoStar Group and public data.

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Completion Nears on $59.6M Upgrade of Rancho Bernardo Office Campus

A June completion is expected for a multiphase, $59.6 million renovation of The Summit Rancho Bernardo office campus in San Diego, according to general contractor Level 10 Construction.

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TP Therapeutics Moves to New Facility

TP Therapeutics Inc., a small pharmaceutical company that just raised $18 million, is moving to a new facility in Torrey Ridge Science Center.

The Business Calendar for the Week of May 16, 2016

Some of the business events scheduled in the county for the week of May 16, 2016, and beyond.

Q1 Revenue Is Up for Imprimis Pharmaceuticals

San Diego’s Imprimis Pharmaceuticals, a maker of compounded drugs, reported a big jump in revenue for the first quarter of 2016.

Partnership Buys Mission Valley Residential Land for $31M

A venture that includes affiliates of New York- based JEN Partners LLC and Costa Mesa’s Armada Real Estate Group LLC has acquired 8.78 acres of residential land in Mission Valley for $31 million, according to CoStar Group and public data.

Callaway Golf Announces Dividend; Shareholders Approve Slate of Directors

Carlsbad-based Callaway Golf Co. announced a 1 cent per share dividend, payable June 15 to shareholders of record on May 25.

Bilodeau Joins Board of Maxwell Technologies

San Diego-based Maxwell Technologies Inc., an industrial scale energy storage device firm, announced May 12 the addition of Steve Bilodeau to its board of directors as a new independent director.

Imprimis Pharmaceuticals Reports Q1 Earnings

San Diego’s Imprimis Pharmaceuticals, a maker of compounded drugs, reported a big jump in revenue for the first quarter of 2016.

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TP Therapeutics Inc. Moves to New Facility

TP Therapeutics Inc., a small pharmaceutical company that just raised $18 million, is moving to a new facility in Torrey Ridge Science Center.

Business Calendar for Week of May 16, 2016

Some of the business events scheduled in the county for the week of May 16, 2016, and beyond.

Partnership Pays $31M for Mission Valley Residential Land

A venture that includes affiliates of New York- based JEN Partners LLC and Costa Mesa’s Armada Real Estate Group LLC has acquired 8.78 acres of residential land in Mission Valley for $31 million, according to CoStar Group and public data.

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Completion Nears on $59.6 Million Upgrade of Rancho Bernardo Office Campus

A June completion is expected for a multiphase, $59.6 million renovation of The Summit Rancho Bernardo office campus in San Diego, according to general contractor Level 10 Construction.

Kratos Promotes Maria Cervantes de Burgreen as Corporate Controller, Principal Accounting Officer

Kratos Defense & Security Solutions Inc. said May 12 that it promoted Maria Cervantes de Burgreen to the post of vice president, corporate controller and principal accounting officer.

Sophiris Bio Hires Financial Advisor to Review Strategic Alternatives

Sophiris Bio has hired Oppenheimer & Co. Inc. as its financial advisor to help the company boost shareholder value, the company said Thursday. The announcement comes days after the company said it would offer $5 million of its common stock to the public.