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

Acquisition Bringing Needed Resources to Before the Butcher

RETAIL: Experienced Team to Expand Products, Footprint in $12 Billion MarketEarly last year, Before the Butcher Inc., a San Diego-based company that makes plant-based meat products.

KPMG takes minority interest in San Diego-based LumaTax

KPMG’s investment in LumaTax is intended to complement and enhance both companies’ approach to the market through innovation and technology.

Special Report: What Direction Wealth Management?

2020 Will Be Good, Not Great, in This Volatile Presidential Election Year, Say Financial Advisers

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San Diego County Airbnb Hosts Earned $64 million in Five 2019 Weekends

According to a press release, the five busiest weekends for Airbnb guest arrivals in San Diego in 2019 were July 26-28 ($13 million), July 19-21 ($14.2 million), July 5-7 ($13 million), Dec. 27-29 ($11.5 million) and July 12-14 ($12.4 million).

San Diego Tourism Authority Names Julie Coker as President and CEO

According to a press release, Julie Coker, currently serving as president and CEO of the Philadelphia Convention and Visitors Bureau, will succeed Joe Terzi, who announced his retirement in 2019 after 10 years in his role with San Diego Tourism Authority.

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New Life Science Campus Set for Right Place, Right Time

PROPERTY: Healthpeak Building On Spec, Will Offer State-of-the-Art Labs

Healthpeak Properties Inc. is investing $164 million constructing a three-building life science campus.

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PwC’s San Diego Office Names New Managing Partner

According to the firm, “Hornsten will lead all of PwC’s work and social initiatives...

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LevitZacks Names New CEO

Ramsauer has been a part of the LevitZacks team for 35 years..

Surf Cup Sports Said to Have $120M Economic Impact

ECONOMY: The Groups Generate $32M Annually Just for Lodging

According to a report gathered and released by San Diego Taxpayers Advocate San Diego Surf Soccer Club, generate $120 million in annual economic impact.

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Regulators Mull Cost of Capital for Sempra Units

ENERGY: SDG&E Asks for $12.38% But Given 10.2%

State utility regulators ruled last month that profit margins at San Diego Gas & Electric Co. and Southern California Gas should remain the same.

Regulatory Hurdle Too High for Illumina

TECH: Co. Scraps Planned $1.2 Billion PacBio Acquisition

San Diego’s Illumina will no longer buy Pacific Biosciences for $1.2 billion, a decision the companies mutually reached following antitrust action on both sides of the pond. Pacific Biosciences, or PacBio, had the potential to add another dimension to Illumina’s DNA-reading technology that’s the backbone of everything from ancestry tests to prenatal screening. But last month, the U.S. Federal Trade Commission moved to block the transaction, and the U.K.’s Competition and Markets Authority in October said it might do the same. $98M Breakup Fee Per a Jan. 2 announcement, Illumina will pay a $98 million break-up fee to PacBio. But PacBio must repay the money if it strikes an agreement to be acquired by Sept. 30 and consummates the deal within two years. Illumina climbed to the top of the DNA sequencing market with short-read sequencing that amplifies snippets of DNA. Pacific Biosciences, or Pac

Startup San Diego Hires New Executive Director

STARTUPS: Brings Experience From Los Angeles Market

After six months of searching to fill their leadership role, Startup San Diego hired its second executive director, Alexa-Rae Navarro.

Sempra Starts Second LNG Production Line in Louisiana

Sempra LNG announced in late December that the second train, or production line, of its Cameron LNG plant in Louisiana has begun its work of converting natural gas to a liquid state for export.

Modern Times Beer Opens Oakland Location

The House of Perpetual Refreshment, a new location by San Diego-based Modern Times Beer, has opened in Oakland.

Plumbing Company Makes Acquisition, Rebrands To Standout in Crowd

Colepepper Picks Logo That Pops; Updates Web Presence

In November, Carlsbad-based Colepepper Plumbing & Drains acquired local plumbing company, Arthur Brown Plumbing.

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