San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

Tease photo

Alexandria Buys Sorrento Valley Industrial Building Portfolio for $12.3 Million

Alexandria Real Estate Equities Inc. of Pasadena has purchased a three-building industrial portfolio in Sorrento Valley for approximately $12.3 million, according to CoStar Group and public data.

Encore Capital Completes Its Acquisition of Contolling Stake in Grove Capital

Encore Capital Group Inc., the San Diego buyer and collector of charged off credit card debt, said it closed its acquisition of a controlling stake on Grove Capital Management, a British firm that is focused on insolvencies in the United Kingdom and Spanish assets. Encore didn’t say what it paid for the company.

Tease photo

Lincoln Property Buys a Carlsbad Industrial Building for $9.5 Million

Dallas-based Lincoln Property Co. has purchased a multitenant industrial building in Carlsbad for $9.5 million.

West Partners Invests in Carlsbad Tech Company NoteVault

West Partners said it recently closed an investment in NoteVault Inc., a Carlsbad-based technology company. The amount of the investment was not disclosed.

Mind Solutions Inc. Receives $1M Funding Commitment

Mind Solutions Inc., a San Diego company developing a headset that can operate smartphones and tablets through "mind power," said it received a $1 million funding commitment from an unnamed source, allowing it to further the development of its proprietary mobile headset.

The Business Calendar for the Week of April 7, 2014

Some of the business events around San Diego County scheduled for the week of April 7, 2014.

Seragon Pharmaceuticals Inc. Appoints Acting Chief Medical Officer

The newly formed San Diego cancer drugmaker Seragon Pharmaceuticals Inc. has appointed Debasish Roychowdhury as its new acting chief medical officer.

Biotech Startup Scores a Win at UCSD's TriNet Challenge

A startup company at work on a unique medical device — a photosynthetic scaffold technology that helps restore damaged or diseased tissue — won a university business competition and $6,000.

Mind Solutions Receives $1 Million Funding Commitment

Mind Solutions Inc., a San Diego company developing a headset that can operate smartphones and tablets through "mind power," said it received a $1 million funding commitment from an unnamed source, allowing it to further the development of its proprietary mobile headset.

Tease photo

Lincoln Property Co. Buys Carlsbad Industrial Building for $9.5 Million

Dallas-based Lincoln Property Co. has purchased a multi-tenant industrial building in Carlsbad for $9.5 million.

West Partners Invests in Carlsbad Tech Company

West Partners said it recently closed an investment in NoteVault Inc., a Carlsbad-based technology company. The amount of the investment was not disclosed.

Encore Capital Closes Acquisition of Grove

Encore Capital Group Inc., the San Diego buyer and collector of charged-off credit card debt, said it closed its acquisition of a controlling stake on Grove Capital Management, a British firm that is focused on insolvencies in the United Kingdom and Spanish assets.

Tease photo

Alexandria Buys Sorrento Valley Industrial Buildings for $12.3 Million

Alexandria Real Estate Equities Inc. of Pasadena has purchased a three-building industrial portfolio in SorrentoValley for approximately $12.3 million, according to CoStar Group and public data.

Seragon Pharmaceuticals Appoints Acting Chief Medical Officer

The newly formed San Diego cancer drugmaker Seragon Pharmaceuticals Inc. has appointed Debasish Roychowdhury as its new acting chief medical officer.

Biotech Startup Gets a Win at UCSD's TriNet Challenge

A startup company at work on a unique medical device — a photosynthetic scaffold technology that helps restore damaged or diseased tissue — won a university business competition and $6,000.

Business Calendar for Week of April 7, 2014

Some of the business events happening around the county for the week of April 7, 2014.

Tease photo

Nine Local Apartment Properties Part of $4.1 Billion Multistate Acquisition

Essex Property Trust Inc. of Palo Alto has acquired 73 apartment properties in three states, including nine in San Diego and Chula Vista, for approximately $4.1 billion, according to CoStar Group and public data.

Tease photo

Parallel Capital Buys Long Beach Office Tower for $101.7 Million

San Diego-based Parallel Capital Partners Inc. has purchased Shoreline Square, a 20-story office tower in Long Beach, for $101.7 million.

Cytori Therapeutics Announces Change in Leadership

Cytori Therapeutics named Marc Hedrick to the position of CEO, after announcing the retirement of Christopher Calhoun from that position.

Two J. Craig Venter Biotech Companies Expanding Their Footprint in La Jolla

Two companies founded by genomics pioneer J. Craig Venter are expanding their real estate footprint in La Jolla, leasing additional space from BioMed Realty Trust Inc.