San Diego Business Journal

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ROIC Posts Revenue Increase in Third Quarter

San Diego-based Retail Opportunity Investments Corp. posted an 18.5 percent increase in total third-quarter revenue from a year ago, reaching $59.4 million for the period ending Sept. 30.

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BNBuilders Gets $23.8 Million Contract For UCLA’s Geffen Academy

The San Diego office of general contractor BNBuilders was recently awarded a $23.8 million contract to build Geffen Academy, a new college preparatory school on the campus of University of California Los Angeles.

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El Cajon Medical Office Property Sold for $3.27 Million

Thu Tran and Lisa Tran Trust of La Jolla has acquired an El Cajon medical office complex for $3.27 million, according to brokerage firm The Heritage Group.

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Oceanside Industrial Properties Sold for $16.2 Million

An affiliate of Denver-based Industrial Property Trust Inc. has acquired a 13-property portfolio in Oceanside for $16.2 million, according to CoStar Group and public data.

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Mitek Relocates Headquarters to Downtown San Diego

Locally based Mitek Systems Inc., which makes software geared to mobile image capture and identity verification, is relocating its headquarters to 600 B St. in downtown San Diego, according to brokerage firm Colliers International Group Inc.

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Karl Strauss Brewing Slates Opening for New L.A. Location

San Diego’s Karl Strauss Brewing Co. plans a Nov. 14 opening for its satellite brewery and brewpub in downtown Los Angeles, which will be the company’s 11th Southern California location.

Trolley’s UTC Extension Could Deliver for Malls and Shoppers

Heavy-duty shoppers (of which I am not one) could see at least one big new benefit when San Diego’s trolley system makes its way to the University Towne Center area around 2021. It’s the chance to visit two of the area’s major malls via one trip on mass transit — or three malls with a transfer.

Stone Brewing Laying Off 5% of Workforce

Stone Brewing Co. announced Oct. 13 that it is cutting approximately 5 percent of its workforce — laying off about 60 of its 1,200 employees — as it adjusts to rising competitive pressures in the beer industry.

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New Digital Advertising System Installed at Convention Center

San Diego Convention Center operators recently installed a new digital advertising system at the downtown waterfront facility, using high-resolution video projection technologies.

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Coffee Shop, Deli to Open at Lane Field Mixed-Use Development

Developers have announced the first retail tenants at the mixed-use hotel development on the former site of Lane Field in downtown San Diego, as construction progresses on the second phase of the project now known as BRIC, to include an InterContinental Hotel.

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