San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

Guild Mortgage Reports Loan Volume of $13.8 Billion for 2015

Guild Mortgage Co. on Wednesday reported record loan volume of $13.8 billion for 2015, almost double the $7.4 billion from the year before and exceeding internal expectations by nearly $2 billion.

Qualcomm Says Q1 Net Income Down 24 Percent

A dispute between South Korea-based LG Electronics Inc. and San Diego’s Qualcomm Inc. is delaying $100 million of royalty revenue coming into Qualcomm, company officials said during an investor conference call Jan. 27.

Navy Completes North Island Maintenance Facility

The U.S. Navy celebrated completion of a 100,000-square-foot helicopter maintenance facility at Naval Air Station North Island on Jan. 21. RQ Construction was the prime contractor.

Equinox Center Merging With Center for Sustainable Energy

The San Diego-based Center for Sustainable Energy (CSE) is absorbing a local research and policy nonprofit called Equinox Center.

Pure Project Debuting at H.G. Fenton’s First Brewery Incubator

Local beer microbrewer Pure Project plans a Jan. 30 opening, as the first tenant to debut at property owner H.G. Fenton Co.’s Brewery Igniter incubator facility in Miramar.

Survey: Optimism Remains Strong for Commercial Real Estate Demand

Developers remain confident that demand for California and San Diego County commercial real estate will remain strong through 2018, spurring opportunities for new construction and investment, according to the latest twice-yearly survey by the law firm Allen Matkins and UCLA Anderson Forecast.

Pacific Beach Manufacturer to Appear on 'Beyond the Shark Tank'

Tower Paddle Boards, a Pacific Beach-based manufacturer, will appear on an episode of ABC’s “Beyond the Shark Tank” on Thursday, Jan. 28, showcasing its growth since billionaire Mark Cuban bought nearly a third of the company in 2012.

The Scripps Research Institute Receives $12.8 Million from Taiwanese Philanthropist

Taiwanese billionaire Samuel Yin has given $12.8 million to The Scripps Research Institute (TSRI) to help build a major laboratory complex.

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General Dynamics NASSCO's Newest Vessel Leaves Shipyard

The Perla Del Caribe, the newest vessel to come out of the General Dynamics NASSCO shipyard, left San Diego on Jan. 26 for the Panama Canal and Jacksonville, Fla.

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Vicky Carlson Resigns as CEO of LEAD San Diego

Vicky Carlson announced on Jan. 25 that she plans to step down from the CEO’s job at LEAD San Diego in May.

Nominations for the San Diego Business Journal’s 'CFO of the Year' Extended

Nominations for the San Diego Business Journal’s “2016 CFO of the Year Award” have been extended to Monday, Feb. 8.

Oceanside Townhomes Planned after $2.25 Million Land Buy

San Diego-based KD Development Inc. has acquired an Oceanside land parcel for $2.25 million, with plans to develop multi-level, for-sale townhomes, according to brokerage company Lee & Associates.

San Diego Added 5,800 Construction Jobs Last Year, Report Says

San Diego added 5,800 construction jobs from December 2014 to December 2015, a 9 percent change, according to a U.S. Labor Department data analysis released Jan. 26 by the Associated General Contractors of America.

Illumina Acquires Australian Firm Conexio Genomics

Illumina Inc. is acquiring Conexio Genomics, an Australian firm that specializes in tissue typing used to match patients and donors for bone marrow or cord blood transplants.

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Logan Heights Apartment Property Sold for $3 Million

Ekman Family Trust of San Diego has purchased an 18-unit apartment property in the city’s Logan Heights neighborhood for approximately $3 million, according to brokerage company Apartment Consultants Inc., also known as ACI.

UC San Diego Health Selects Nashville Firm to Run Oncology Center

UC San Diego Health system has chosen Nashville-based e+CancerCare to operate its Chula Vista radiation oncology facility.

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Lodge at Torrey Pines Plans $2.5 Million Restaurant Renovation

Operators of The Lodge at Torrey Pines plan a $2.5 million renovation of the luxury resort’s casual restaurant The Grill, located adjacent to the city-owned Torrey Pines Golf Course.

Home Prices Increased 6 Percent in Year Ending in November

San Diego’s home prices increased 6 percent in the year ending in November, according to an index measuring housing prices, tied with Tampa as the eighth-fastest growing market.

Qualcomm Ventures Chief Reportedly Moves to Microsoft

The head of Qualcomm’s venture capital arm has apparently left to join Microsoft’s venture capital operation.

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Umpqua Bank Expands San Diego Services

Portland-based Umpqua Bank on Monday said it was expanding its commercial banking services in San Diego with the hire of two former California Bank & Trust executives, on the heels of installing CB&T’s San Diego leader as its new head of commercial banking.