San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

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Poway Industrial Building Sold for $10.5 Million

A local franchisee of California Closets has purchased a Poway industrial building for approximately $10.5 million, according to CoStar Group and public data.

The Business Calendar for the Week of July 18, 2016

Some of the events scheduled in the county for the week of July 18, 2016, and beyond.

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JLL Taps Bonebrake to Head U.S. Industrial Property Management

Commercial real estate services provider JLL has hired Debra Bonebrake as a managing director in San Diego, heading the company’s U.S. industrial property management division.

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National University Names Singh Permanent Provost

Gangaram Singh, an educator and administrator with a background in leading strategic growth initiatives, has been named provost at National University, the school announced.

Irwin M. Jacobs, Paul Jacobs Sign Letter Opposing Trump Candidacy

San Diego business leaders Irwin M. Jacobs and Paul Jacobs joined more than 140 technology executives and financiers — including a large number in Silicon Valley — in signing a letter opposing Donald Trump’s bid for president.

AltheaDx to Raise $6M in Debt Financing

San Diego molecular information firm AltheaDx Inc. has raised $2.2 million in debt financing, according to a form recently filed with the Securities and Exchange Commission.

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Lilac Hills Development Project Qualifies for November Ballot

The San Diego County Registrar of Voters has certified that project supporters gathered sufficient signatures to place the controversial Lilac Hills Ranch development before county voters on the Nov. 8 ballot.

Illumina Is Seeking Candidates for Its Accelerator Program

Gene sequencing giant Illumina Inc. is calling for startups to apply to its business accelerator program for early-stage businesses in the genomics space.

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Poway Industrial Building Sells for $10.5 Million

A local franchisee of California Closets has purchased a Poway industrial building for approximately $10.5 million, according to CoStar Group and public data.

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JLL Taps Debra Bonebrake to Head U.S. Industrial Property Management

Commercial real estate services provider JLL has hired Debra Bonebrake as a managing director in San Diego, heading the company’s U.S. industrial property management division.

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National University Names Gangaram Singh Permanent Provost

Gangaram Singh, an educator and administrator with a background in leading strategic growth initiatives, has been named provost at National University, the school announced.

Business Calendar for Week of July 18, 2016

Some of the business events scheduled in the county for the week of July, 18, 2016

AltheaDx Inc. Aims to Raise $6M in Debt Financing

San Diego molecular information firm AltheaDx Inc. has raised $2.2 million in debt financing, according to a form recently filed with the Securities and Exchange Commission.

HCAP Partners Invests Undisclosed Amount in Texas Software Firm

San Diego-based private equity firm HCAP Partners has invested in Lucernex Inc., a Texas firm that sells cloud-based workplace management systems and lifecycle management systems to support its global expansion.

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Escondido Contractor Awarded $26.4M CHP Project in Kearny Mesa

Escondido-based general contractor Erickson-Hall Construction Co. has been awarded a $26.4 million design-build contract to construct a San Diego replacement facility for the California Highway Patrol.

Summit on Precision Medicine to Feature Region's Genomics Leaders

Leaders in San Diego’s genomics industry will address challenges and ideas in the precision medicine space at a local conference in August.

Mexico OKs Arena Pharmaceuticals Weight-Loss Drug for Commercialization

Arena Pharmaceuticals’ weight-loss drug, Belviq, has been approved for commercialization in Mexico, gaining Arena a milestone payment of $1 million.

Navy Awards QED Systems Inc. One-Year, $22.1 Million Contract

The U.S. Navy awarded QED Systems Inc. a one-year, $22.1 million contract modification to plan shipyard visits and maintenance periods for Navy surface ships, specifically Ticonderoga-class cruisers and Arleigh Burke-class destroyers.

Qualcomm Announces Quarterly Cash Dividend

Qualcomm Inc. said on July 12 that it will distribute a cash dividend of 53 cents per share. Dividends will go out Sept. 21 to stockholders of record as of Aug. 31.

Port District Favors Protea Plan for Central Embarcadero

San Diego port district commissioners have voted 6-1 to hold exclusive talks with Protea Waterfront Development, one of six development teams that recently put forward multi-use proposals to redevelop the 70-acre Central Embarcadero waterfront site that currently includes Seaport Village.