San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

Business Calendar for Week of April 25, 2016

Some of the business events planned in the county for the week of April 25, 2016, and beyond.

Human Longevity Signs 10-Year Deal With AstraZeneca for Genomics Work

San Diego’s Human Longevity Inc. struck a deal with pharma giant AstraZeneca and its global biologics R&D arm, MedImmune, the companies announced April 21.

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Chargers Release Renderings for Hybrid Stadium-Convention Facility

The San Diego Chargers have released renderings of a proposed downtown hybrid stadium and convention facility, ahead of the official start of a signature-gathering drive to place the $1.8 billion project before city voters in November.

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Skylit Medical Raises $400,000 in Latest Round

San Diego medtech Skylit Medical raised fresh capital this week and added two board members.

San Diego County Medical Society Foundation Rebrands

San Diego County Medical Society Foundation has rebranded, changing its name to Champions for Health.

Seacoast Commerce Banc Posts Q1 Income of $1.7 Million

First-quarter income at Seacoast Commerce Banc Holdings rose 28 percent to $1.7 million, Seacoast Commerce Bank’s parent company said Thursday.

Audit Finds Adequate Security for City's Online Tax Collection System

San Diego’s online tax collection system uses appropriate security measures, a report from City Auditor Eduardo Luna said Wednesday.

Uber Launching Carpooling Service in San Diego

San Francisco-headquartered Uber Technologies Inc. plans an April 25 launch in San Diego of its UberPool ride-hailing service, allowing customers heading to the same destination to share rides at a discounted price.

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Carlsbad Retail Center Owner Obtains $43 Million in Refinancing

Connecticut-based owner Cornerstone Real Estate Advisers LLC has obtained $43 million in refinancing for its Bressi Ranch Village Center in Carlsbad, according to CBRE Group Inc., which arranged the loan.

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Otay Mesa Industrial Buildings Sold for $45.2 Million

A San Diego buyer recorded as Siempre Viva Industrial LLC has acquired a two-building industrial portfolio in Otay Mesa for $45.2 million, according to CoStar Group and public data.

Qualcomm Beats Earnings Estimate, Settles Dispute with LG Electronics

Wireless technology specialist Qualcomm Inc. reported net income of $1.2 billion, or 78 cents per share, on revenue of $5.6 billion in its second quarter, which ended March 27.

Sanford Burnham Partners with GlaxoSmithKline

One of San Diego’s top research facilities has partnered with pharma giant GlaxoSmithKline to form a new center focused on neuroscience in La Jolla.

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Oceanside Apartment Complex Sells for $26.5 Million

Milano Apartments Homes LP of San Diego has purchased a 114-unit Oceanside apartment complex for $26.5 million, according to brokerage company Marcus & Millichap.

Shares of Illumina Inc. Suffer Biggest One-Day Loss

A weak earnings forecast driven by disappointing sales in Europe hammered shares of San Diego-based Illumina Inc. during trading Tuesday and Wednesday.

Pima Medical Institute Plans New Location in San Marcos

Healthcare education provider Pima Medical Institute has signed a long-term lease for a space at the North City mixed-use development in San Marcos, the project’s developer announced.

Kratos Awarded $5 Million Contract

Kratos Defense & Security Solutions Inc. said on April 20 that it received a $5.0 million contract for hardened tactical facilities.

Bob Baker Toyota Acquired by New Dealership Group

The former CEO of one of the country’s largest car dealership groups is launching his own business, starting with an acquisition in Lemon Grove.

SeaWorld Drops Plans for Orca Habitat Expansion

SeaWorld San Diego has notified the California Coastal Commission that it is dropping plans for a $100 million expansion of its orca habitat, following an earlier decision by its parent firm to discontinue whale breeding at all of its marine parks.

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Michael Kim Named VP at Objective Capital Partners

Objective Capital Partners LLC, an M&A investment bank, on Tuesday said it had hired Michael Kim as vice president, overseeing the firm’s execution of banking activities.

San Diego Region Ranks 9th in the Country for Patents

A report from the U.S. Patent and Trademark Office shows that the San Diego region comes in ninth for the number of technology patents granted with over 34,000 patents, among other metropolitan areas from 2000-2013.