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Snapdragon processors power smartphones and tablets.
Property was 93 percent occupied when it was sold.
Move comes after one year of being a public company.
The U.S. Navy announced on July 1 that it awarded a $9.1 million contract modification to San Diego-based Pacific Ship Repair and Fabrication Inc. for work on a destroyer in Everett, Wash.
Pulse Electronics Corp., a San Diego-based maker of electronic components, said it has been notified by the New York Stock Exchange that it is not in compliance with the exchange’s minimum listing requirements covering market capitalization.
Beverage: Move Indicative of Competition to Lure Successful Operations
San Diego City Council recently granted $300,000 in development fee reimbursements for expansions underway at Ballast Point Brewing & Sprits and AleSmith Brewing Co., and experts say other communities could eventually deploy similar strategies to attract operators in the fast-growing craft beer industry.
PHARMA: Co. Is Working On Breast Cancer Treatment
Seragon Pharmaceuticals Inc., a privately held San Diego-based drug developer targeting breast cancer treatment, agreed to be acquired by Genentech, a subsidiary of the Roche Group AG, for $725 million in cash plus future payments that could reach $1 billion if specific milestones are reached, the companies announced.
Operations at the Port of San Diego and 28 other West Coast ports were set to continue after a labor contract covering dock workers expired at 5 p.m. July 1.
San Diego-based EDF Renewable Energy said the company has entered into a 20-year power purchase agreement with Great Plains Energy
Bradley Feldmann took over as CEO of Cubic Corp. on July 1 in a planned management transition.
Sungear Inc., a San Diego manufacturer of precision gear components for the aerospace industry, has been acquired by Pittsburgh, Pa.-based H-D Advanced Manufacturing Corp., the buyer said.
ImageWare Systems Inc., the San Diego-maker of identity management software, was selected to implement a multimodal biometric driver license system for the state of Baja California, Mexico, the company announced.
San Diego Gas & Electric said it is prepared to meet this summer’s energy demands but there may be days when it will need help from customers.
Cubic Corp. has two new defense contracts in hand.
San Diego-based WD-40 Co. said its board of directors declared its regular quarterly dividend June 24, 2014 of 34 cents per share, payable July 31, 2014 to stockholders of record at the close of business on July 11, 2014.