San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

Receptos Reports Positive Results For Ulcerative Colitis Drug

Receptos Inc. stock was up 5 percent Thursday morning following the company’s announcement regarding its lead product candidate ozanimod.

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Santa Barbara Firm Buys Apartment Listing Services Provider RentLinx

San Diego-headquartered RentLinx LLC, which syndicates rental listings to apartment search websites, has been acquired by AppFolio Inc., a Santa Barbara- based provider of cloud-based business management software. Financial terms were not disclosed.

Callaway Announces Robert Julian to Take CFO Role

Callaway Golf Co. announced that it has appointed Robert Julian as chief financial officer of the company, effective May 11.

Google Executive Joins Novatel Leadership Team

An executive search led Novatel Wireless Inc. to Google. The San Diego company said on April 15 that it hired a Google Inc. (Nasdaq: GOOG) executive to be its new executive vice president of sales and marketing.

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Tim Van Linge Named CFO at WestAir Gasses and Equipment

San Diego-based WestAir Gasses and Equipment Inc., an independent distributor of gases and equipment in the Southwest, announced the appointment of Tim Van Linge as chief financial officer.

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Rancho Bernardo Industrial Property Sells for $10.5 Million

Seven C’s Group LLC has purchased Via Frontera Business Park, a two-building industrial property in Rancho Bernardo, for $10.5 million, according to Colliers International, which represented the seller.

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McDonald’s to Test All-Day Breakfast in San Diego County

McDonald’s Corp. on April 20 will begin a test of all-day breakfast item sales at 94 of its 110 San Diego County restaurants.

UC Irvine to Conduct Clinical Trial of Aethlon Device

Aethlon Medical Inc., a medical device company developing therapies for infectious diseases and cancer, announced that it has entered into a clinical trial agreement with the University of California, Irvine.

SDSU Business School Team Takes First Prize in Competition

A three-man team representing the College of Business Administration at San Diego State University took first prize in the Richard Barrentine Values and Ventures Business Plan Competition held earlier this month at Texas Christian University.

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San Marcos Retail Center Sold for $14.35 Million

Costa Mesa-based Webb Management & Investments has acquired a four-building shopping center property in San Marcos for $14.35 million, according to CoStar Group and public data.

Program Examines Military's Future in San Diego

Citizens Coordinate for Century 3 will offer a look at the military in San Diego as part of its Breakfast Dialogue program series.

Investor Suggests Ways Qualcomm Can Increase Its Value

Qualcomm Inc. faces several chances to increase shareholder value, New York-based JANA Partners LLC said in a letter to shareholders on April 13, noting at one point that the San Diego company could profitably sell its chip-making segment.

Mentor Capital Obtains $1.3M in Long-Term Financing

Mentor Capital Inc. a San Diego-based company which seeks to take significant positions in medical marijuana and cannabis companies, announced that it has entered into a contract to receive $1,287,000 in funding to support its medical marijuana efforts in exchange for 757,059 shares at a price of $1.70 per share.

Halyard Capital Acquires Harte Hanks Market Intelligence

Halyard Capital, a New York-based private equity fund, announced the acquisition of San Diego-based Harte Hanks Market Intelligence and The Aberdeen Group from Harte-Hanks, Inc.

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Chula Vista Industrial Building Sells for $3.56 Million

Buyers recorded as Britannia Partners LLC and VJS have purchased a Chula Vista industrial building for approximately $3.56 million, according to CoStar Group and public data.

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La Casa del Zorro Getting $3 Million in Solar Upgrades

La Casa del Zorro in Borrego Springs has completed a $150,000 “solar farm,” the first of two projects totaling more than $3 million aimed at making the resort more energy-independent and eco-friendly.

Irvine Firm Buys Club Pilates Founded by S.D. Woman

Irvine-based LAG Fit Inc. has acquired Club Pilates, a franchised chain of 35 Pilates studios in the U.S. and Australia.

Acquisition of Pulse Electronics Completed

San Diego-based Pulse Electronics Corp. announced its acquisition by certain affiliates of investment funds managed by Oaktree Capital Management L.P. (such affiliates, “Oaktree”) has been completed. The deal was announced March 2.

Ichor, Janssen Partner to Develop DNA-Based Vaccines

San Diego-based Ichor Medical Systems said Monday that it has partnered with Janssen Pharmaceuticals to develop DNA-based vaccines. The privately held biotech can earn up to $85 million under the contract, along with royalties on any product sales.

Cerner, Qualcomm Life Bring Health Monitoring into Home

Cerner Corp. and Qualcomm Life Inc., a subsidiary of Qualcomm Inc., announced Monday an agreement to extend Cerner's medical device connectivity capabilities beyond the hospital to the home.