San Diego Business Journal

SD FINANCE

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

Can S.D. Prosper Without a Unicorn?

Some Say City Needs A $1B Software Startup to Stand Out From the HerdPeople in the local startup community like to talk about a few big topics on a regular basis: raising money, finding talent, and San Diego’s inhospitable habitat for breeding unicorns.

By Brittany Meiling March 23, 2017 1:02 p.m.   $$ Share

Crunching the Numbers

While it’s generally good news any time San Diego County’s official unemployment rate declines, as happened in February, the bigger picture tends to be more nuanced.

By John Cox March 27, 2017 2:04 p.m. share »
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City National Bank Taps Hass Ibrahim to Oversee Downtown Office

Hass Ibrahim has been named vice president and manager of City National Bank’s downtown San Diego office. He previously worked for 13 years at Citibank.

By Tarcy Connors March 27, 2017 1:58 p.m. share »

February Rebound Reduces Local Unemployment to 4.2%

San Diego County’s economy shook off post-holiday doldrums in February and posted what is, by one measure, its second-best showing in years, reducing local unemployment by 30 basis points, month-over- month, to a seasonally unadjusted 4.2 percent.

By John Cox March 26, 2017 1:03 p.m. share »

Loan Will Help Tri-City Make Some Key Changes

Tri-City Healthcare District has secured its first long-term financing package in more than a quarter-century, an $85.8 million, federally backed mortgage loan its leaders expect will allow it to begin initial phases of a hospital redesign and state-required seismic retrofits.

By John Cox March 24, 2017 3:01 p.m. share »
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Three Startups to Watch in 2017 (Plus a Wildcard)

There are dozens of startups in San Diego that have promising technology and talent, but three companies in particular had a little something extra that won this newsroom over.

By Brittany Meiling March 24, 2017 11:34 a.m. share »
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Honorees’ Career Paths Blaze a Trail For Women to Follow

The San Diego Police Foundation gathered San Diego business and community leaders to celebrate and honor female law enforcement leaders at the 2017 Women in Blue Luncheon presented by ESET.

By Stephanie Glidden March 23, 2017 2:15 p.m. share »
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Revenue-Based Financing Offers High-Interest Option to Startups

Budding tech startups often need money before they’re earning it, relying on venture capital and other equity-sucking sources of cash to grow.

By Brittany Meiling March 23, 2017 1:54 p.m. share »
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Behavioral Finance Reckons With Bulls, Bears and Biases

It’s the phone call that wealth managers dread when the stock market is bearish and investors are restless. “I want out!” clients shout, unable to handle the anxiety of potentially losing it all.

By Sarah de Crescenzo March 23, 2017 1:39 p.m. share »
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Kearny Mesa Office Campus Owner Gets $34.3M in Financing

Property owner Klein Investment Family Limited Partnership has obtained $34.3 million in acquisition financing on a Kearny Mesa office campus, according to MetroGroup Realty Finance, which arranged the financing.

By Lou Hirsh March 20, 2017 2:15 p.m. share »

Peregrine Semiconductor Acquires Arctic Sand Technologies

San Diego-based Peregrine Semiconductor Corp. has acquired Arctic Sand Technologies, a Burlington, Mass.-based designer and manufacturer of power converters seen as enabling smaller and more efficient smartphones and other products.

By John Cox March 20, 2017 10:57 a.m. share »
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Some Local Biotech Leaders See Trump's Proposed Budget Cuts as 'Catastrophic'

President Donald Trump’s blueprint is out for next year’s federal budget, and proposed cuts to scientific programs are causing local biotech leaders to balk.

By Brittany Meiling March 17, 2017 2:52 p.m. share »

Local Construction Jobs Increased by 3,500 in 2016

Construction employment in San Diego increased by 3,500 jobs in 2016, according to an analysis of federal data by the Associated General Contractors of America.

By Sarah de Crescenzo March 17, 2017 1:07 p.m. share »

PierCap Partners Relocates to UTC

San Diego-based investment bank PierCap Partners has relocated from its office in Del Mar to a bigger space at University Towne Centre.

By Sarah de Crescenzo March 16, 2017 4:47 p.m. share »
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Aaron Olson to Oversee City National's Commercial Banking Division

Los Angeles-based City National Bank has named a new manager for its San Diego commercial banking division.

By Sarah de Crescenzo March 16, 2017 4:02 p.m. share »