San Diego News

Thu, Jul 12, 2012

The Irvine Co., the Newport Beach-based owner of the Centerside II office building in Mission Valley, has paid $52 million for its companion next door.


Now that the U.S. Supreme Court has upheld most of President Barack Obama's landmark health care reform bill, employers are faced with the task of implementing the law's myriad provisions.


BIOTECH

Licensing professionals from pharmaceutical and biotechnology companies are optimistic that 2012 will be a better year for dealmaking than 2011, with oncology being the hottest therapeutic area of the moment.


In San Diego-Carlsbad-San Marcos, 28.2 percent, or 165,582 properties, of all residential properties with a mortgage were in negative equity for first quarter of 2012, according to CoreLogic (NYSE: CLGX).


BIOTECH

El Cajon-based PURE Bioscience Inc. teamed up with PRIDE Industries to distribute its cleaning, sanitizing and disinfecting system.


Crucero USA, a discount bus line, will launch a new service called Crucero Direct on July 25 that will open up new ways to travel to and from San Diego on the cheap.


BioSurplus created a new position, director of national business development, and gave the job to Dawn Hocevar.


An Encinitas custom home has captured the highest level of sustainability, having been certified a LEED Platinum dwelling from the U.S. Green Building Council.


An 18 percent year-over-year increase in California foreclosure starts in June helped boost that state’s foreclosure rate to highest nationwide for the month, according to RealtyTrac’s Midyear 2012 Foreclosure Market Report.


REAL ESTATE | LIFESTYLE

Baby boomers have a number of housing options to consider when their offspring leave the nest. They can move to greener pastures in more wide-open places. They might opt to stay put, as the economy prompts many to put off retirement and their adult children to “boomerang” back home. And yet still others commit to downsizing their homes — losing square footage but gaining shorter commutes, more access to restaurants and entertainment, and perhaps even some equity to put in the bank.


EdgeWave Inc. announced the appointment of Timothy Steele as senior vice president of worldwide sales, and Viasat Inc announced it has been selected by NBN Co. to provide the ground-based communications, network management and data processing systems for long term satellite Internet service in Australia, according to company announcements, SEC filings and Bloomberg News.


The following "Local Notes" appeared in The Daily Transcript's July 13, 1928 issue:


Brookfield Homes San Diego/Riverside announced it will release a dozen detached single-family homes at its Rockrose (photo above) and Sago neighborhoods at The Foothills in Carlsbad on Saturday and Sunday, according to Debby King, director of marketing for Brookfield.


(AP) -- The Justice Department said Wells Fargo & Co. will pay at least $175 million to settle accusations that it violated fair-lending laws.



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Thu, Jul 12, 2012
 

contact info: Iam Pam