San Diego Business Journal

SD FINANCE

Recent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...

LPL Growth Creates Jobs, Need for Space

Finance: Co. Builds Tower Aimed at Motivating WorkforceLPL Financial LLC’s new 13-story office building in University City is a tangible symbol of the company’s overall growth as well as a strategy to foster its people in San Diego.

By Mike Allen April 4, 2014 12:40 p.m.   $$ Share
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Q3 Earnings Are Up at ResMed Inc.

Earnings for ResMed Inc. continue to rise, with a net income of $90 million for the quarter ended March 31 as compared with $84.9 from the previous year.

California Economic Activity Index Dips 1.1% in February

Comerica Bank’s California Economic Activity Index declined in February, dropping 1.1 percent to 109.

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Illumina’s Q1 Revenue Is Up 27%

Revenue for Illumina Inc. surged in the first quarter of 2014, thanks to the “astonishing demand” for a slew of newly released gene sequencing products, said CEO Jay Flatley.

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Seminar Will Explain and Explore Angel Investing Opportunities

The San Diego Tech Coast Angels is looking for a few good investors.

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AMN Healthcare Refinances Its Outstanding Credit Facilities

San Diego staffing company AMN Healthcare Services Inc. has refinanced its existing credit facilities.

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Two Local Stores Closing as Coldwater Creek Shuts Operations

Two San Diego County stores are among 350 being closed by Coldwater Creek Inc., as the Idaho-based women’s clothing and accessories retailer shuts all of its locations as part of a recent Chapter 11 filing in U.S. Bankruptcy Court.

$6.5M Donation to UCSD Will Fund Eye Research Lab

grateful patient has gifted University of California, San Diego $6.5 million to establish the Richard C. Atkinson Laboratory for Regenerative Ophthalmology at the university’s Shiley Eye Center.

County Unemployment Rate Is Down Slightly in March

San Diego’s unemployment rate fell slightly to 6.9 percent in March from 7 percent in February, as the region gained 12,700 nonfarm jobs, according to the state’s Employment Development Department.

BofI Expects Good Returns From Purchase of H&R Block Bank

BofI Federal Bank is one of the fastest-growing banks in the nation, increasing nearly $700 million in assets — or 24 percent — last year to bring its total assets to more than $3.5 billion.

Vital Therapies Launches IPO

Vital Therapies Inc. has hit the public markets, but has priced its stock below the expected range, raising gross proceeds of $54 million by offering 4.5 million shares at $12 apiece.

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BioMed Subsidiary to Issue $400M in Notes

BioMed Realty LP, an operating partnership subsidiary of San Diego-based BioMed Realty Trust Inc., plans to do a $400 million offering of senior unsecured notes.

San Diego Startup Week Set for June 17-21

StartUp San Diego has set June 17-21 for its second annual San Diego Startup Week.

Genstar Affiliate Buys Chula Vista Residential Land for $37.1 Million

An affiliate of San Diego-based Genstar Development Co., recorded as GDCI Proctor Valley LP, has purchased 1,140 acres of residential land in Chula Vista for approximately $37.1 million, according to CoStar Group and public data.

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San Diego Firm Buys Miramar Retail Center for $12.5 Million

HP Investors LLC of San Diego has purchased Miramar Square Shopping Center, in the city’s Miramar neighborhood, for approximately $12.5 million.

Two San Diego Companies Name New CFOs

Two San Diego companies have announced new chief financial officers.