San Diego Business Journal


Amid Restructuring, Inseego Corp. Reports Q2 Net Loss of $12M

Inseego Corp., the San Diego business formerly known as Novatel Wireless, reported a second quarter net loss of $12.0 million, or 21 cents per share, on net revenues of $59.9 million. The business made its quarterly results public on Aug. 7; the quarter ended June 30.

By Brad Graves August 8, 2017 11:34 a.m. share »
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Temperature Rising for Region’s Medical Office Property Market

Medical office properties have become hot commodities in San Diego County this year, and the region now has its latest case in point.

By Lou Hirsh August 8, 2017 10:53 a.m. share »

SeaWorld Parent Reports Rough First Half Despite New Attraction Openings

Still struggling with attendance issues, the parent company of SeaWorld San Diego reported a slight gain from a year ago in revenue for its second quarter ending June 30, but posted a net loss for both the second quarter and first half of 2017.

By Lou Hirsh August 8, 2017 10:18 a.m. share »

Ionis Revises Guidance Based on Strong Drug Sales

Revenue is soaring for Carlsbad drugmaker Ionis Pharmaceuticals Inc. thanks to an uptick in one drug’s sales during the second quarter.

By Brittany Meiling August 8, 2017 10:12 a.m. share »

Issa Open to Idea of Value-Added Tax on Imports

During a gathering Monday with business leaders about North America Free Trade Agreement renegotiations, U.S. Rep. Darrell Issa said it’s fair to consider a value-added tax on imports.

By Jared Whitlock August 7, 2017 6:26 p.m. share »

UC San Diego Health Moves Electronic Medical Records System to Cloud

As part of a shift away from traditional data centers, UC San Diego Health today announced that it moved its electronic medical records system to the cloud to help meet industry standards designed to safeguard patients’ health information.

By Jared Whitlock August 7, 2017 4:51 p.m. share »

San Diego Drugmaker Partners With German Distributor

San Diego’s weight-loss drugmaker Orexigen Therapeutics Inc. is teaming up with a German distributor that will handle Orexigen’s sales in Germany, France, and Austria.

By Brittany Meiling August 7, 2017 2:40 p.m. share »

Padres Marketing Exec: 'Control the Controllables'

Wayne Partello realizes he has no control over the baseball games at Petco Park — at least what happens on the field. But the executive sweats the details about the rest of the ballpark experience.

By Brad Graves August 7, 2017 2:33 p.m. share »

San Diego Ranks Fourth Among Meeting Destinations in Annual Survey

San Diego ranks fourth among major North American markets as a destination for meetings, in an annual survey of meeting planners by research firm STR.

By Lou Hirsh August 7, 2017 11:10 a.m. share »

Perpetual Capital, CR3 Capital Acquire Garden Fresh Restaurants

San Diego-based restaurant chain Garden Fresh Restaurants Corp., parent of Souplantation and Sweet Tomatoes, has been acquired by Perpetual Capital Partners and CR3 Capital, an investment affiliate of CR3 Partners LLC.

By Sarah de Crescenzo August 7, 2017 11:07 a.m. share »
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Escondido Apartment Property Sold for $90 Million

Los Angeles-based TruAmerica Multifamily, in a joint venture with insurer Allstate Corp., has acquired a 519-unit Escondido apartment property for approximately $90 million, the buyers announced.

By Lou Hirsh August 7, 2017 10:33 a.m. share »

Biocept, Scripps Health Reach Deal on Cancer Tests

San Diego’s Biocept Inc. has inked a deal with Scripps Health making Biocept the system’s preferred provider for cancer-related liquid biopsy tests.

By Brittany Meiling August 7, 2017 10:22 a.m. share »

CUSO, Sorrento Pacific Selling to Private-Equity-Backed New York Company

San Diego-based sister companies CUSO Financial Services LP (CFS) and Sorrento Pacific Financial (SPF) have agreed to be acquired by a newly formed New York-based holding company, Atria Wealth Solutions.

By Sarah de Crescenzo August 6, 2017 1:08 p.m. share »

Judge Approves Settlement Reached in Qualcomm Gender Discrimination Lawsuit

A federal judge has approved settlement of a class-action gender discrimination lawsuit filed in July 2016 by seven women against Qualcomm Inc.

By Brad Graves August 6, 2017 1:07 p.m. share »

Airport Completes $291 Million Sale of Revenue Bonds

Operators of San Diego International Airport recently completed a sale of more than $291 million in revenue bonds, at an interest rate that is the lowest earned in the airport’s history, at 3.74 percent.

By Lou Hirsh August 6, 2017 1:04 p.m. share »

Sempra Reports Revenue of $2.53 Billion for Q2

Sempra Energy reported earnings of $259 million, or $1.03 per share, on revenue of $2.53 billion in the quarter ending June 30.

By Brad Graves August 6, 2017 1:04 p.m. share »

The Business Calendar for the Week of August 7, 2017

Some of the business events planned in the county for the week of August 7, 2017, and beyond.

By Steve Adamek August 6, 2017 1:03 p.m. share »

Escondido Industrial Land Parcels Sold for $11.5 Million

Pennsylvania-based Exeter Property Group has acquired two Escondido industrial land parcels totaling 10.9 acres for $11.5 million, with plans to build a distribution center project, according to CoStar Group and public data.

By Lou Hirsh August 6, 2017 1:02 p.m. share »

Microlender Accion's Loan Portfolio Reaches $5.8M in 2016

The loans disbursed in 2016 by nonprofit San Diego-based microlender Accion helped maintain or generate 730 jobs, the organization said in its recently published annual report.

By Sarah de Crescenzo August 6, 2017 1:01 p.m. share »

Pfenex Inc. Names Schimmelpennink Its New CEO

San Diego-based biotechnology company Pfenex Inc. announced it has appointed a new chief executive, Evert (Eef) Schimmelpennink.

By Sarah de Crescenzo August 6, 2017 1 p.m. share »