SD SERVICESRecent and archived news stories on: Accounting, Advertising, Consulting, Jobs, Food, Insurance, Law, Printing, Public Relations, Security...
Thomas Jefferson School of Law said it signed a restructuring agreement with its bondholders, reducing its debt from $127 million to $40 million, and lifting the cloud of default.
Mogl, the San Diego-based restaurant loyalty service, received $11 million in venture funding recently, led by existing investors.
George Smith Partners, a Los Angeles-based commercial real estate investment banking firm, has arranged $95 million in construction financing for development partners The Robert Green Co. and Montage Hotels & Resorts of Laguna Beach to construct Pendry San Diego, a new 317-room luxury Montage-branded hotel in the Gaslamp Quarter, according to George Smith Partners’ Principal Malcolm Davies.
Quality Controlled Manufacturing Inc., a Santee contract manufacturer, said it will collaborate with the San Diego Workforce Partnership, the local job training agency, to establish a machinist training program at its site with funding in place for the first 12 students.
Manchester Texas Financial Group, which manages Texas-based holdings in commercial real estate and hotel development for San Diego-based Manchester Financial Group, announced that it secured financing from Colony Capital LLC for the Fairmont Austin Hotel in Austin, Texas.
This was supposed to be the year where mid- to regional law firms were supposed to find some financial stability, some profit and loss breathing room, after laboring through five or six years of merger and acquisition and real estate drought.
MEDICINE: Specialty Pharma Gets $50M to Support Drug
Cosmederm Bioscience Inc., a La Jolla-based specialty pharmaceutical company, has received a $50 million investment to help expand its TriCalm line — an over-the-counter steroid-free itch reliever that the company hopes will trump well-known competitors like over-the-counter hydrocortisone cream.
Oggi’s Pizza and Brewing Co. opened a new location in Vista, at 425 S. Melrose Drive.
Pizza Port Brewing Co.’s craft beer will be distributed outside of Southern California for the first time, as Southern Wine & Spirits of Nevada, an alcoholic beverage distribution company, introduces it to the Las Vegas and Reno markets.
The Manchester Grand Hyatt San Diego plans to open a Marilyn Monroe Spas facility.
EDUCATION: Reforms Keep Coming in Challenging Climate
It’s been two years since Richard Pattenaude was named president of Ashford University, and he’s still getting used to change that occurs much faster than at his past job.
Denver-based Chipotle Mexican Grill has opened its first military base restaurant at Marine Corps Air Station Miramar in San Diego.
Virginia-based Hilton Worldwide has a large new tower-style hotel planned for East Village, as part of a national rollout of a new upscale brand called Canopy by Hilton.
Batu Biologics Inc., an immunotherapy company developing a cancer vaccine, announced the signing of a license agreement with the Regents of the University of California, San Diego granting exclusive rights to peptide drugs developed at UC San Diego that have been proven to stimulate cancer-killing immune responses.
A lawsuit filed by property owners blames the Omni La Costa Resort & Spa in Carlsbad for starting the Poinsettia Fire, which destroyed several homes and businesses in May.