San Diego Business Journal


Annex Brands Acquires 27 Parcel Plus Franchises

Annex Brands, Inc. announced the acquisition of 27 Parcel Plus shipping franchises from Eagle Franchise Systems, Inc. and its parent, International Center for Entrepreneurial Development Inc., based in Cypress, Texas.

Receptos CEO Named Chairman of Tocagen's Board of Directors

Tocagen Inc., a clinical-stage company working on therapies that boost the immune response to cancer, announced that Faheem Hasnain, president and chief executive officer of Receptos Inc., has been appointed as chairman of the board of directors.

California Western School of Law Takes First Prize in Competition

In a showdown mock trial competition involving San Diego’s three law schools, California Western School of Law came out on top, besting the litigator teams from Thomas Jefferson and University of San Diego schools of law.

Sophiris Bio Inc. Reports Third Quarter Results

La Jolla-based Sophiris Bio Inc., a clinical stage biopharmaceutical company developing products for the treatment of urological diseases, announced its third quarter financial results.

Philanthropist Sally Thornton Leaves Mitek Board

Sally Thornton, a director of San Diego-based Mitek Systems Inc. for decades and the wife of company Chairman John Thornton, stepped down from her seat on the board Nov. 4, the company told securities regulators.

Hush Kickstarter Campaign Raises One-Third of Goal By Second Day

Hush, a technology company in residence at the EvoNexus incubator downtown, attained one-third of its $100,000 donation goal by the second day of its Kickstarter crowd funding campaign on Nov. 13.

Pfenex Inc. Reports Q3 Revenue of $2.8 Million

Pfenex Inc., a clinical-stage biotechnology company that makes biosimilars, including vaccines for anthrax and malaria, reported financial results for the third quarter that ended Sept. 30, 2014.

Rady's Intellectual Capital Ranked No. 1 by Bloomberg Businessweek

The Rady School of Management at the University of California, San Diego ranked 1st in the United States in intellectual capital in Bloomberg Businessweek’s business school rankings.

Anesa Chaibi Named to Board of Regal Beloit Corp.

San Diego executive Anesa Chaibi has been named to a seat on the board of Regal Beloit Corp., a $3.1 billion Wisconsin company that manufactures electric motors, generators and controls.

Mast Therapeutics Closes Underwritten Public Offering

Mast Therapeutics Inc., a clinical stage biopharmaceutical company, announced the closing of its underwritten public offering of $21 million in equity securities.

E.Digital Reports Q2 Net Loss of $173,000

E.Digital Corp., a San Diego technology developer and licensor, reported fiscal 2015 second quarter net loss of $173,000, compared to a net loss of $410,000 for the like quarter of the prior fiscal year.

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Kilroy Begins Work on $45 Million Del Mar Heights Office Project

Kilroy Realty Corp. of Los Angeles has begun construction on a new $45 million office building, which officials said is the first speculative construction in eight years in San Diego’s Del Mar Heights submarket.

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Historic Britt-Scripps House in Bankers Hill Sold for $2.9 Million

New Romax Inc. of El Monte has purchased the historic Britt-Scripps House, in San Diego’s Bankers Hill neighborhood, for $2.9 million, according to brokerage company Colliers International.

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La Mesa Apartment Property Sells for $5.4 Million

Lenrae LLC of La Mesa has purchased a 27-unit apartment building in that city for approximately $5.4 million, according to CoStar Group and public data.

Median Price for Home in October Was $440,000

The median price of a house sold in San Diego County in October was $440,000, down 1 percent from the median price paid in September, said Corelogic Dataquick.

Defense Industry Group Hears From Mayor

Mayor Kevin Faulconer told a defense industry group on Nov. 12 that he feels litigation regarding the Navy Broadway Complex is closer to its end than its beginning.

DJO Global Reports Q3 Net Sales of $305.5 Million

DJO Global Inc., the Vista manufacturer of orthopedic devices, reported third-quarter net sales of $305.5 million, up 6.1 percent from the net sales of the like quarter of 2013.

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Reebok Opening Two FitHub Stores in San Diego

Fitness apparel and equipment maker Reebok International Ltd. is opening four Southern California locations of a new retail chain known as Reebok FitHub, including two in San Diego.

Haskell Construction Acquires Consultants FreemanWhite

Haskell, a national design, engineering and construction firm, announced it has acquired FreemanWhite, a Charlotte-based consulting and design practice focused exclusively on the health care sector. FreemanWhite has an office in San Diego.

WEST Consultants Awarded $4.9M Army Corps of Engineers Contract

San Diego-based WEST Consultants Inc. recently announced a $4.9 million contract from the U.S Army Corps of Engineers.