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These are uneasy days for biotech CFOs. Valuations are down, capital is harder to come by, and companies (fearful they will be undervalued) are shying away from acquisition talks.May 23, 2016 2:34 p.m. $$ Share
PROPERTY: Offices Under Construction Are Already Leased
Rising demand for care services, along with limited new construction in high-demand submarkets, continue to make San Diego County a friendly place for owners of medical office buildings.
PROPERTY: Retail Rents Are High as Vacancies Are Low
A continued influx of tourists and new residents is expected to keep San Diego County retail space in tight supply as rents continue to rise this year at the most coveted locations, according to a newly released report by the brokerage firm Marcus & Millichap.
The San Diego Military Advisory Council has announced the formation of its new charitable nonprofit, the SDMAC Foundation. The newly created 501(c)3 will allow San Diego’s leading nonprofit military organization to further promote general awareness and understanding of the importance of a strong national defense in our region — and will further support San Diego’s active-duty and retired military community through program initiatives, educational outreach, and events funded by tax-deductible donations received by the organization.
San Diego Venture Group is giving dozens of local startups a stage to show off their tech at its yearly “Cool Companies” event in early June. Shortly after the event, the startups will get private meetings with over 30 venture capitalists visiting from Silicon Valley and Los Angeles.
San Diego ranked fourth in the western U.S. as a place for new grads and 19th nationally, in a recent study by Zumper, an apartment search site.
Pulse Electronics Corp. — a San Diego company that makes electronic components — said on May 19 that it has refinanced $80 million in debt.
Vista-based Glacier Water Services Inc. announced its first quarter results May 19 with 2.8 percent revenue growth to $31.8 million and a jump in operations income.
Avalon Ventures is launching yet another startup out of its VC incubator in La Jolla. The firm, called PDI Therapeutics Inc., is jointly backed by British drugmaker GlaxoSmithKline and San Diego’s Avalon as part of an ongoing partnership.
San Diego-based Seacoast Commerce Banc Holdings, the parent company of Seacoast Commerce Bank, announced the company’s first regular quarterly cash dividend of $0.05 per common share.
San Diego County business owners are less optimistic about prospects ahead because of the planned increases in the minimum wage and their own doubts about future hiring, the San Diego Regional Chamber of Commerce reported on May 19.
Realty Income Corp. has commenced an offering of common stock expected to raise approximately $385.8 million in gross proceeds, the San Diego-based company announced.
Venture capital dipped slightly for San Diego companies, according to a first-quarter report from Cushman & Wakefield. The health care sectors, however, are still stealing the show.
Carlsbad-based Callaway Golf Co. announced a 1 cent per share dividend, payable June 15 to shareholders of record on May 25.
Jewish Family Service of San Diego has been awarded a $5,000 grant from the San Diego Professionals Against Cancer, a group of volunteers dedicated to raising money to support local nonprofits fighting cancer. The money will be used to support breast cancer patients.
La Jolla-based Silvergate Bank reported that its net income had increased to $1.9 million in the first quarter.