San Diego Business Journal


Business Calendar for Week of November 16, 2015

Some of the business events scheduled in the county for the week of November 16, 2015, and beyond.

BDO USA Is Acquiring Carlsbad-based CEA LLP

National accounting and consulting firm BDO USA LLP will acquire Carlsbad-based CEA LLP next month, expanding BDO’s staff to about 90 and making it the fifth-largest accounting firm in the county, the companies announced.

Cox Communications Enhances Its Connect2Compete Program

Cox Communications announced is furthering its efforts to connect youth with technology by doubling the download speed of the company’s discounted Internet service available to low-income families with school-aged children through the Connect2Compete program.

Ron Araujo Tapped to Lead Mission Federal's Service Organization

Ron Araujo, the chief financial officer for Mission Federal Credit Union, will soon step down to become president of Mission Fed’s service organization.

Rouse Confirms Purchase of Westfield Carlsbad Mall for $170 Million

New York-based Rouse Properties Inc. announced that it has completed the acquisition of Westfield Carlsbad mall for $170 million, confirming a prior Westfield Inc. notification to the city that the property will change hands.

Local Firm Wins Landscape Architecture Organization’s Highest Award

The Office of James Burnett (OJB), a Solana Beach-headquartered landscape architecture firm, recently received the 2015 ASLA Firm Award, the highest annual honor bestowed on a single firm by the American Society of Landscape Architects, a nationwide professional organization.

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Port District Seeks Restaurant Proposals for Imperial Beach Pier

San Diego port district officials have issued a request for proposals to develop a restaurant at the end of the Imperial Beach Pier, in the spot currently occupied by Tin Fish.

Surprise Guest at Panel Discussion on Drones Turns Out to be Linden Blue

Military and industry leaders offered their thoughts on the future of unmanned aircraft and robotics during a panel discussion Nov. 11.

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Carlsbad Office Building Sells for $3.85 Million

Blue Hat LLC of Carlsbad has purchased the Atrium I Corporate Center office building in that city for $3.85 million, according to brokerage company Colliers International.

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Faheem Hasnain No Longer CEO of Receptos Inc.

Faheem Hasnain, a well-respected biotech executive in San Diego, has left his post as chief executive officer of Receptos Inc.

Neothetics Inc. Reports Q3 Net Loss of $17.3 Million

Neothetics Inc., a maker of cosmetic pharmaceutical therapies, reported earnings for the third quarter of 2015.

Cal Western's Community Law Project Awarded $5,000 Grant

The California Western School of Law’s efforts to provide free legal advice to low-income clients have been awarded a $5,000 grant from the American College of Bankruptcy.

Amplyx Pharmaceuticals Announces $40.5 Million in Series B Financing

San Diego-based Amplyx Pharmaceuticals announced Wednesday that the company has closed on a $40.5 million Series B financing.

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Apartment Properties Sold in San Diego, Fallbrook

Apartment properties recently changed hands in San Diego and Fallbrook, including a 31-unit building in downtown San Diego purchased for approximately $5.07 million by Los Angeles-based 942 Beech Street Partners LP.

DJO Global Announces Plans to Exit Empi Business

DJO Global Inc., a medical device company in Vista, announced its third-quarter financial results and its plan to exit the Empi business.

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Eight Companies Submit Bids for Local Haggen Stores

Eight companies have submitted bids for 24 of the 25 San Diego County locations being shut down by Haggen Inc., according to filings in the grocer’s bankruptcy case.

BioDuro, LLC Announces Merger With Formex, LLC

BioDuro, LLC, a life sciences research organization, has merged its U.S. operations with Formex, LLC, a drug development and manufacturing company. Both are headquartered in San Diego.

Report Says 9,000 Companies Left California Over Last 7 Years

A study by Spectrum Location Solutions found that within the last seven years, 9,000 businesses left California in favor of other locations. San Diego rated No. 5 for the most losses; Los Angeles topped the list.

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Local Firm Buys Chula Vista Autoplex for $5.9 Million

San Diego-based THG Equities LLC has purchased the five-building Autoplex in Chula Vista for $5.9 million, with plans to rename it South County Autoplex, the company announced.

Four Local Firms Among 10 Companies to Share $30 Million Navy Contract

Four local companies — Clint Precision Manufacturing, Dye Precision CNC Inc. and WFW Industries LLC, all of San Diego, and Eastwood Machine LLC of Santee — are among 10 Southern California companies selected by the U.S. Navy to make custom fabricated parts using a variety of manufacturing techniques.