San Diego News

Wed, Jan 30, 2013
BIOTECH | FINANCE

The stock price at Carlsbad-based Life Technologies (Nasdaq: LIFE) jumped to record-breaking heights on Wednesday, propelled by reports that the world's largest medical equipment maker was considering buying the company.


After clashing twice with the City Council over municipal board appointments, Mayor Bob Filner said Wednesday that the board members at many city agencies are being picked through “popularity contests” without any clear standards for whether they are qualified for the jobs.


Mobile device chipmaker Qualcomm Inc. (Nasdaq: QCOM) on Wednesday said its net income rose 36 percent in the final quarter of 2012 as revenue increased due to growing global demand for smartphones.


San Diego County is the nation's best place for locally brewed beer, with "more brilliance per square mile than any other American city," according to a top 10 list Tuesday in SeattlePI, the online successor to the Seattle Post-Intelligencer.


The arraignments of 14 defendants scheduled to enter pleas Wednesday in the criminal corruption cases involving South Bay-area school and college officials, a contractor and a bond manager have been postponed until Feb. 15, and just where they’ll be heard is in question again.


Adm. Cecil Haney plans to take his first flight on the Osprey V-22 during his trip to San Diego this week.


San Diego officials say they will continue pursuing pending cases against city marijuana dispensaries, reversing previous orders from Mayor Bob Filner to drop them.


Isis Pharmaceuticals Inc. rose to its highest value in four months after receiving U.S. approval for a drug to treat a rare form of high cholesterol.


FINANCE | BIOTECH

Shares of Isis Pharmaceuticals Inc. soared Wednesday on news that the U.S. Food and Drug Administration approved its new drug application for its Kynamro cholesterol drug.


Best Best & Krieger LLP promoted attorneys Shannon Erickson and Lindsay Puckett to partner for 2013, the firm announced Tuesday.


This slideshow depicts the top 10 sales in San Diego County in 2012, listed by tax value. The Daily Transcript posts Commercial Sales online and in print daily. All Commercial Sales are available in a fully searchable database at www.sddt.com/CommercialSales.


This slideshow depicts the top 10 leases in San Diego County in 2012, listed by lease price. The Daily Transcript posts Leasing Notes online daily and publishes them twice weekly in print. All Leasing Notes are available in a fully searchable database format at www.sddt.com/LeasingNotes.


Cushman & Wakefield has hired brokers Eric Knowles and Rob Fletcher to head up the firm’s newly formed Religious Facilities Group, a service line dedicated to faith-based nonprofit institutions. Knowles will also assume the responsibility of developing the group nationally.


Pebblebrook Hotel Trust (NYSE: PEB) announced it has acquired the 337-room Embassy Suites San Diego Bay for a reported $112.5 million.


The Associated Builders and Contractors’ San Diego chapter installed its 2013 board of directors Tuesday, setting in place its leadership for the year.


An Allen Matkins/UCLA Anderson Forecast found developers are planning or considering office, industrial and multifamily buildings for in or around 2015 here, and across the state.


Leasing activity in La Jolla's retail market, which languished during the recession, picked up last year in part to increased property sales, and appears to be better today than statistics might indicate.


Major Economic Releases


The San Diego industrial market ended the fourth quarter of 2012 with a vacancy rate of 9.4 percent.


Life Technologies Corp. announced it will provide a laboratory solution to identify human remains found in mass graves in Libya following the uprising of 2011, and Organovo Holdings Inc. announced it has formed a collaboration with the Knight Cancer Institute at Oregon Health & Science University to develop more clinically predictive in vitro 3-D cancer models, according to company announcements, SEC filings and Bloomberg News.


The following "Local Notes" appeared in The Daily Transcript's Jan. 31, 1996 issue:
Taylor Made Golf has sued numerous Myrtle Beach, S.C., retailers for selling knockoff copies of its Burner Bubble metal woods. The lawsuits filed in U.S. District Court alleged design patent, trademark and tradedress infringements.


The approximately 32,000-square-foot industrial/warehouse building, at 2525 Birch St. in Vista 92081, has been sold for $2,475,000, cash.


(Bloomberg) -- The number of California homes that sold for at least $1 million reached a five-year high in 2012, fueled by a recovering economy and a record number of cash purchases, DataQuick said Wednesday.



Wed, Jan 30, 2013

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