San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

Local Economic Index Increases 0.3% in August

An index measuring San Diego’s economy increased 0.3 percent in August, with four of the six components rising during the month.

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BBX Capital Acquires Candy Maker The Toffee Box of Carlsbad

BBX Sweet Holdings, a wholly owned subsidiary of Florida-based BBX Capital Corp., has acquired Carlsbad-based candy maker The Toffee Box LLC, for an undisclosed price.

Brand Diego Awards will highlight local brands

The Brand Diego Awards will be held Thursday, Oct. 23, at the Port Pavilion on Broadway Pier.

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Cox Business Completes Build-Out of Broadband Network to Navy Sites

Cox Business said it completed a build-out of 40 miles of its broadband network to 165 Navy sites in San Diego County.

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Kratos Gets $8.5M Military Contract for Communications Systems

Kratos Defense & Security Solutions Inc. said that it received an $8.5 million contract award for communication systems for certain airborne assets.

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Cohu Inc. Announces Appointment of Müller to Take CEO, President Role in December

Poway-based Cohu Inc., which makes equipment for the semiconductor industry, said on Oct. 7 that its board of directors appointed Luis Müller as its president and CEO, effective Dec. 28.

SpectraScience Taps SenaHill for Advice on $40M Financing Plan, Strategic Alternatives

SpectraScience Inc., a San Diego medical device company, sid it has engaged SenaHill Advisors LLC as an advisor in connection with a proposed equity financing of up to $40 million and a review of strategic alternatives.

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BioTheranostics Inc. Appoints Barthelemy President and CEO

BioTheranostics Inc., a San Diego-based cancer diagnostic company, has appointed life sciences industry veteran Nicolas Barthelemy to the position of president and CEO.

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Miramar Office and Industrial Building Sells for $5 Million

Ingold Family Investments LLC of Fallbrook has purchased a Miramar office and industrial building for approximately $5 million, according to brokerage company Avison Young, which represented the seller.

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El Cajon Apartment Property Sold for $4.35 Million

A buyer recorded as Laurel Village Estates LP has purchased the 41-unit Laurel Village Apartments in El Cajon for $4.35 million, according to CoStar Group and public data.

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ResMed Announces Commercial Sale of Noncontact Sleep Monitoring Device

San Diego-based ResMed Inc., a medical device maker for sleep-related conditions, announced the commercial distribution of its new at-home device ─ a noncontact sleep system called S+ by ResMed.

SB Capital Partners Acquires a Local Lawn Care Company

SB Capital Partners, a San Diego private equity firm focusing on the home services and facilities space, said it acquired Aerations Only Inc., a local lawn care company that services some 10,500 household regionally.

Carefusion to be acquired for $12.2 billion

The San Diego-based medical technology giant Carefusion Corporation is being acquired by New Jersey-based Becton, Dickinson and Company in a deal for $12.2 billion, the company announced Friday.

San Diego City Council Approves Linkage Fee Hike Compromise

San Diego City Council has approved a compromise measure related to the controversial issue of raising linkage fees, charged to developers of commercial projects to finance development of affordable workforce housing.

Vista Company to Provide Key Equipment to Carlsbad Desalination Project

Poseidon Water has announced that IDE Technologies — Poseidon’s contractor and plant operator — has selected Vista-based Protec Arisawa and Dow Water & Process Solutions to provide the pressure vessels and reverse osmosis membranes for the Carlsbad Desalination Project.

RF Industries Names Walker President

San Diego-based RF Industries Ltd. said on Oct. 6 that it appointed Johnny Carl Walker as its president.

Sequenom Inc. Makes $14.55M Purchase of IP Rights

Sequenom Inc., a San Diego-based life sciences company providing genetic analysis, and Isis Innovation Ltd., the technology transfer company of the University of Oxford, jointly announced that Sequenom has purchased noninvasive prenatal testing intellectual property from Isis Innovation for $14.55 million.

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Carlsbad Industrial Building Sells for $13.75 Million

An entity recorded as DCT Rutherford LLC has purchased a Carlsbad industrial building for $13.75 million, according to CoStar Group and public data.

Marrs Maddocks & Associates Insurance Services' Assets Acquired By Hub

Hub International Ltd, a Chicago-based insurance brokerage, said it acquired the assets of Carlsbad-based Marrs Maddocks & Associates Insurance Services Inc. for an undisclosed price.

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Scripps Ranch R&D Property Sold for $3.7 Million

An entity listed as 9885 Carroll Canyon LLC has purchased a Scripps Ranch office and industrial building for $3.7 million, according to brokerage company Cushman & Wakefield Inc., which represented the seller.