San Diego Business Journal


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Work Begins on New Public Park at Sudberry’s Civita

Hazard Construction Co. has broken ground on Civita Park, the latest element of the Civita mixed-use community in Mission Valley, being developed by San Diego-based Sudberry Properties.

Juice-Maker Suja Partners With Coca-Cola, to Expand Distribution

Coca-Cola Co. has bought a minority stake in San Diego’s organic-juice maker Suja Life LLC. The partnership will expand the juice company’s distribution, according to Suja’s chief executive Jeff Church.

La Jolla Pharmaceutical Signs Agreement With Vanderbilt University

La Jolla Pharmaceutical Co. has signed an exclusive worldwide research and license agreement with Nashville’s Vanderbilt University relating to the university’s research on bone formation.

Navy Awards Harper Construction $18.1 Million Task Order

The U.S. Navy awarded San Diego-based Harper Construction Co. Inc. an $18.1 million task order for construction at Naval Air Station Fallon in Nevada.

Raytheon Co. to Fund 'Center of Innovation' in Imperial Beach

Raytheon Co. announced plans to fund a “Center of Innovation” at the Boys & Girls Clubs of South County as part of wider effort to support children in military families.

San Diego County Hotel Property Deals Declined in First Half

The volume of San Diego County’s hotel property sales transactions declined 16 percent from a year ago in the first half of 2015, while the dollar volume of those deals slipped 1 percent, according to a newly released mid-year report by brokerage and research firm Atlas Hospitality Group.

Median Home Price Increases to $470,000 in July

The median home price in San Diego County rose 5.6 percent in July from the year before, to $470,000, while the number of homes sold continued their recent double-digit spurt, increasing 22 percent to 4,322, according to data from CoreLogic.

Eco Building Products Appoints Randy Smith to be CFO

Eco Building Products Inc. announced the appointment of Randy Smith as the company's chief financial officer.

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Cohn Restaurant Group Opens Coasterra at Harbor Island

Cohn Restaurant Group recently opened Coasterra, the San Diego-based company’s new $15 million venue at Harbor Island.

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Johnson Lai Named CIO at NuVasive Inc.

Medical device maker NuVasive Inc. announced that Johnson Lai has been appointed chief information officer. Lai will be responsible for advancing the company’s information technology systems, process and procedures, according to a recent news release.

Contract for Anthrax Vaccine Potentially Worth $143.5M for Pfenex

San Diego-based Pfenex Inc. announced it has signed a five-year, cost-plus fixed-fee contract valued at up to $143.5 million with the Biomedical Advanced Research and Development Authority of the Department of Health and Human Services, for the advanced development of a mutant recombinant protective antigen anthrax vaccine.

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ROIC Reports Increase in Second-Quarter Revenue

Retail Opportunity Investments Corp., also known as ROIC, reported total revenue of $46.2 million for its second quarter ending June 30, up from $36.9 million in the year-ago quarter.

General Dynamics NASSCO Announces Launch

General Dynamics NASSCO will launch its second liquefied natural gas-powered container ship for the TOTE logistics company during an evening ceremony on Aug. 29. The public is welcome to attend.

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Petco Files Registration for Proposed IPO

The holding company for San Diego-based Petco Animal Supplies Inc. has filed a registration statement with the U.S. Securities and Exchange Commission, related to a proposed initial public offering of common stock.

Three BAE Systems Employees Among Those Killed in Plane Crash

Three of the five people killed Sunday when two planes collided near Brown Field Municipal Airport were employees of defense contractor BAE Systems, authorities said.

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Carlsbad Retail Center Getting $15 Million Renovation, Rebranding

Owner Linwood Ventures of Los Angeles plans a $15 million renovation of the former La Costa Towne Center in Carlsbad, with plans to rebrand the property as a luxury retail center called The Beacon La Costa.

UC San Diego Ranked 14th Best University in World

The University of California, San Diego was ranked the 14th best university in the world for the third consecutive year, according to the 2015 Academic Ranking of World Universities (ARWU). The rankings were recently released by the Center for World-Class Universities at Shanghai Jiao Tong University, a public research university located in Shanghai, China.

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Los Angeles Firm Buys Spring Valley Apartments for $14 Million

New Standard Equities (NSE) of Los Angeles has purchased a 74-unit apartment property in Spring Valley for $14 million, the company announced., CrowdRise Partner to Create More Integrated Fundraising Platform

San Diego-based, an event management platform that facilitates the hosting and attending of events, and CrowdRise, an online platform dedicated exclusively to charitable fundraising, recently announced a partnership that will offer an integrated fundraising experience on one platform.

Grocer Haggen Closing Six Stores in the County as Part of 27 Closures

Northwest grocery chain Haggen Food & Pharmacy plans to close 27 stores that it recently opened in four states, including six in San Diego County, over the next 60 days.