San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

Strategic Wealth Management Division Launched by Canter Cos.

Canter Cos., a San Diego full-service investment and real estate firm founded in 2007, launched a new division, Canter Strategic Wealth Management, which aims to bridge the gap between real estate services and investment opportunities.

Neuropore Therapies to Collaborate With Belgian-Based UCB S.A.

San Diego-based Neuropore Therapies Inc., a biotechnology firm, has entered into a collaboration agreement with Belgium-based UCB S.A. to develop and commercialize products that may slow the progression of Parkinson’s disease and related disorders.

I.E.-Pacific Inc. Receives $16.4 Million Order From Navy

A San Diego construction company will renovate and build facilities at Naval Base Ventura County to accommodate the U.S. Navy’s new Triton unmanned aircraft.

Pacific Beach Company Creates App to Watch Grammy Awards

A Pacific Beach business is working to make the Grammy Awards, set for Feb. 8, into a two-screen experience.

Business Calendar for Week of Jan. 19, 2015

Some of the business events planned in the county for the week of January 19, 2015, and beyond.

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La Jolla Retail Buildings Sold for $26.5 Million

RCB Ranch Inc. has acquired the Girard Plaza and adjacent Ralph Lauren retail buildings in La Jolla for $26.5 million, according to Flocke & Avoyer Commercial Real Estate, which represented the seller.

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MG Properties Buys Temecula Apartments for $38.8 Million

MG Properties Group of San Diego has acquired the 220-unit Tuscany Ridge Apartments in Temecula for approximately $38.8 million from an institutional investor.

Canter Cos. Launches Wealth Management Division

Canter Cos., a San Diego full-service investment and real estate firm founded in 2007, launched a new division, Canter Strategic Wealth Management, which aims to bridge the gap between real estate services and investment opportunities.

Qualcomm Announces Quarterly Dividend of 42 Cents Per Share

Qualcomm Inc. announced a quarterly cash dividend of 42 cents per share, payable on March 25 to stockholders of record at the close of business on March 4.

Gerald Choung Named Vice President of Sales at ESET

Anti-virus maker ESET has named Gerald Choung as its vice president of sales.

San Diego Airport Gets Automated Passport Control Kiosks

San Diego International Airport has introduced new automated passport control kiosks, which officials said will expedite the re-entry process for U.S., Canadian and other international travelers eligible under the visa waiver program.

Qualcomm Investing Undisclosed Sum in Satellite System

Qualcomm Inc. is investing an unspecified sum of money in a constellation of 648 micro satellites meant to provide Internet service to portions of the world that don’t have it, according to the satellite provider.

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Old Town Building Housing Charter School Sells for $4.85 Million

CRI Old Town LP has purchased a San Diego office building occupied by Old Town Academy Charter School for $4.85 million, according to brokerage company Colliers International, which represented the seller.

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LaSalle Joins IDEA1 Development Venture in East Village

Chicago-based LaSalle Investment Management has joined the development venture working on the previously announced, $90 million IDEA1 mixed-use development in downtown San Diego’s East Village.

Obalon Announces Completion of $30 Million in Financing

San Diego-based Obalon Therapeutics Inc., a private medical technology company, announced the completion of $30 million in financing to advance the development of their weight-loss device.

Major League Baseball Awards San Diego 2016 All-Star Game

Major League Baseball announced that the 2016 All-Star Game will be held at Petco Park, an event the San Diego Padres have been lobbying for over several years.

Mayor Forms Committee, Pledges to Resolve Chargers Issue

San Diego Mayor Kevin Faulconer pulled a page from former Mayor Dick Murphy’s playbook in his Jan. 14 State of the City address, saying he will form a group of civic leaders to study the Chargers stadium issue.

Median Home Price Increases to $440,000 in December

San Diego’s median price for a house increased by $10,000 from November to December to $440,000. That was 4.8 percent above the median price in December 2013, according to CoreLogic Dataquick.

TVC Capital Closes $115 Million Fund

San Diego-based TVC Capital, a software-focused growth equity firm, announced the closing of TVC Capital III with $115 million in capital commitments.

TruMed Systems Moves From EvoNexus to Irvine Co. Space

TruMed Systems Inc., a medical device company, graduated from the San Diego-based incubator EvoNexus with a $5.5 million Series B funding round, according to a recent press release.