San Diego News

Tue, Sep 30, 2014

The value of building contracts awarded locally in August for future construction dropped sharply from a year earlier, with declines in both residential and nonresidential building contracts reported by McGraw Hill Construction's monthly analysis.


East County will soon be getting 18 new buses thanks to an $18 million grant the U.S. Department of Transportation awarded to the Metropolitan Transit System.


Wermers Properties, in partnership with R&V Management, have acquired 7.4 acres in Carmel Valley with plans to develop a residential mixed-use complex within the Village at Pacific Highlands Ranch.


Gov. Jerry Brown signed on Tuesday a statewide ban on plastic bags distributed by grocery stores and pharmacies, making California the first state in the nation to prohibit the bags' use.


Since hitting a historic low point in the Great Recession, the manufacturing sector in San Diego has been on a slow but steady rebound over the past four years, adding 5,000 jobs and strongly beating Sacramento's predictions of a decade's worth of anemic growth.


Competition is stiff for the finalists of Connect's Most Innovative New Product Awards, showcasing the best of the best of San Diego in 2014 across eight product categories.


The California Association of Realtors has launched the Center for California Real Estate, a new institute dedicated to intellectual engagement in the field of real estate.


Foreclosure rates in San Diego-Carlsbad metropolitan area decreased for the month of July over the same period last year, according to new data from CoreLogic.


FINANCE | PERSONAL FINANCE

When Congress decides to hold a hearing on a topic, you know it is something serious. So last week's session on retirement savings made it clear that the way people fund their golden years is changing dramatically.


The following "Local Notes" appeared in The Daily Transcript's Oct. 1, 1915 issue:


MEDICAL | FINANCE

Acutus Medical Inc. announced it has completed an additional $26.2M financing to continue developing its imaging/mapping system, as well as bring to market a complete product portfolio.


BIOTECH

San Diego-based Organovo Holdings Inc. (NYSE: ONVO), a biology company focused on delivering 3D bioprinting technology, announced its exVive3D Human Liver Model has been selected as a finalist in the Diagnostics & Research Tools category for the 2014 Most Innovative New Product Awards, sponsored by Connect.


San Diego Gas & Electric announced Tuesday it will provide more than $1 million in charitable grants to nonprofit organizations in San Diego County that provide basic needs through a variety of social services.


LRAD Corp. announced the receipt of an order totaling $610,000 for LRAD 500X systems and accessories from the U.S. Army for ongoing operations in Afghanistan, and Xenonics Holdings Inc. announced it was awarded purchase orders valued at approximately $1 million primarily from the U.S. Navy for its NightHunter high-intensity illumination devices, according to company announcements, SEC filings and Bloomberg News.


Chris Pascale and Brent Wright, of CBRE (NYSE: CBG), represented the seller of the Deal of the Week.


(AP) -- New Los Angeles skyscrapers will no longer be required to have rooftop helicopter landing pads under a change in city rules permitting alternative safety measures that will allow designs other than the flat tops mandated since the 1950s.


Technology has become critical in all its aspects of the real estate industry over the past few years: social media for marketing and communication, new applications for managing transactions, and national private MLSs for searching, previewing and reviewing.



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San Diego Success - 2014

Join The Daily Transcript in celebrating the 20th anniversary of San Diego Source and the tenth anniversary of the opening of Petco Park.

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INSIDER TRADES

Last Updated 9/30/2014

ILLUMINA INC

Flatley, Jay T, CEO, Sold
No. of Shares: 25,000
Date Filed: 09/25/2014

ILLUMINA INC

Flatley, Jay T, CEO, Options Exercised
No. of Shares: 25,000
Date Filed: 09/25/2014

DEXCOM INC

Balo, Andrew K, O, Options Exercised
No. of Shares: 10,000
Date Filed: 09/25/2014

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