SD BUSINESS JOURNAL DAILY ENEWS

Sempra Revises Financing Structure of Oncor Deal

Sempra Energy has revised the financing structure of its $9.45 billion deal to obtain ownership interest in Texas energy giant Oncor Electric.

GA-ASI Gets a $10.2 million Air Force Contract

The U.S. Air Force awarded General Atomics Aeronautical Systems Inc. a $10.2 million contract to set up a way to repair and maintain fuel-system components used in Reaper unmanned aircraft.

Vancouver Firm Buys S.D. Office Portfolio for $174.5M

Vancouver, B.C.-based City Office REIT Inc. has purchased a 10-building portfolio of San Diego office buildings for approximately $174.5 million.

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WeWork Ratchets up Coworking Spaces Race in S.D.

The competition among local coworking spaces just kicked up a notch.

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UnitedHealthcare Announces Medi-Cal Health Plan for San Diego

UnitedHealthcare is now offering a health benefit plan to Medi-Cal beneficiaries in San Diego County.

Redevelopment Planned after $9.5M Downtown Hotel Purchase

An affiliate of San Diego-based Hotel Investment Group has acquired the 157-room Marina Inn hotel in downtown San Diego for $9.5 million.

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Salk Institute for Biological Studies' Revenues Reach $134 million

Revenues at the Salk Institute for Biological Studies in La Jolla totaled $134 million in the fiscal year that ended June 30, up 13.5 percent from the previous fiscal year.

GA-ASI Awarded $10.2M Air Force Contract

The U.S. Air Force awarded General Atomics Aeronautical Systems Inc. a $10.2 million contract to set up a way to repair and maintain fuel-system components used in Reaper unmanned aircraft. GA-ASI will perform the work at the Oklahoma City Air Logistics Complex.

Reliant Funding Hires New CFO

Reliant Funding, a rapidly growing alternative lending company based in San Diego, has hired Paul Norman as chief financial officer.

Ad-Juster Names New CEO

San Diego-based Ad-Juster has named Dennis Clerke as its CEO.

Michell Leaving Downtown Partnership for City’s Deputy COO Post

Kris Michell is leaving her post as president and CEO of the Downtown San Diego Partnership to become deputy chief operating officer of special projects for the city of San Diego.

Connect Partners with S.D. in $2.5M Public Accelerator Program for Startups

Local nonprofit Connect, San Diego’s oldest startup accelerator, has won a contract to partner with the city on a new publicly-funded accelerator program for startups.

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PICO Holdings to Explore 'Strategic Alternatives'

La Jolla-based PICO Holdings Inc. has hired a financial advisor and legal counsel to explore “strategic alternatives to further enhance shareholder value,” an announcement which typically signifies interest in a merger, sale or other significant transaction.

Possible New EU Licensing Guidelines Could Eventually Change Qualcomm's Billing Model

The European Union is considering new patent licensing guidelines in a move that may eventually change the way Qualcomm Inc. does business in Europe, according to a published report.

Zogenix's Success No Longer Shared With San Diego

Drugmaker Zogenix Inc. saw its value more than double over the weekend, so those following San Diego biotech might think the local company is making a comeback.

Medical Center for Clinical Research Acquired

Raleigh-based Wake Research Associates, a network of clinical research sites, has acquired Medical Center for Clinical Research in San Diego.

ServiceNow Acquires S.D. Company Telepathy

ServiceNow Inc., the enterprise cloud computing software company that was born in San Diego and then moved to Silicon Valley, has acquired another San Diego business, Telepathy. Terms of the deal were not disclosed.

El Cajon Company Gets Navy Contract Potentially Worth $13M

El Cajon-based GET Engineering Corp. received a U.S. Navy contract for specialized equipment, specifically combat systems interface and steering control systems data conversion devices.

Carlsbad Tech Startup among 6 from 5 Nations in Accelerator’s Cohort for Logistics Companies

Airspace Technologies, a tech startup in Carlsbad, has been accepted into the third cohort of a specialized business accelerator for logistics companies.

Port Plan with SDG&E Aims to Cut Cruise Ship Power Costs

The Port of San Diego and SDG&E have partnered on an energy management plan that officials said will help significantly reduce operating costs for the region’s cruise ship industry.