San Diego Business Journal

SD FINANCE

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

County's October Unemployment Rate Is 4.8%

San Diego County's unemployment rate in October was 4.8 percent, unadjusted for seasonal trends, up slightly from the previous month when it was 4.7 percent.

Westcore Properties Garners $337.5 Million in New Acquisition Capital

San Diego’s Westcore Properties has obtained $337.5 million in financing from Almanac Realty Investors LLC, to fund future commercial property acquisitions.

S.D. Life Science Firms Rank 2nd Statewide in VC Funding

San Diego life science firms raked in $1.1 billion in venture capital investments in 2016, a total haul that ranks the county second in the state for VC funding after the Bay Area.

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Landscape Architects’ Event Puts Focus on the Environment

The American Society of Landscape Architects, San Diego Chapter, held its 37th annual golf tournament recently at the Loma Santa Fe Country Club. The annual fundraising event’s proceeds are primarily earmarked for the chapter’s community grant program. Some of the funds raised will allow an “Emerging Professional” or a “Student Member” to attend an ASLA SD or ASLA national event.

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Coworking Spaces Adding Recording Studios to the Mix

An increasingly hot market for shared office space has encouraged coworking facilities to get creative with tenant perks. The latest bait? A place to record your podcast.

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Startup S.D. Has Big Ambitions

Startup San Diego, the organization that puts on San Diego Startup Week,is gearing up for more local involvement next year beyond its popular week-long event.

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Microscope Maker Gets $1.8M Round

Local startup Echo Laboratories Inc. has landed a $1.8 million round led by Tech Coast Angels, the biggest single contribution the angel group has made to date.

New REIT Focused on Medical-Use Cannabis Facilities Plans $175M IPO

A new San Diego-based real estate investment company, focused on medical-use cannabis facilities and led by former BioMed Realty CEO Alan Gold, has filed for a $175 million initial public offering of its common stock.

Encore Capital Group Reports Q3 Results

The largest buyer of defaulted credit card debt, San Diego’s Encore Capital Group Inc., reported this week that its third-quarter revenue was $179 million, down about 36 percent year-over-year from $279 million.

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Team Effort Takes on Ovarian Cancer and Supports Patients

The Clearity Foundation’s fitness fundraiser, “All Out for Her,” raised awareness of ovarian cancer and exceeded the nonprofit’s $10,000 goal to raise more than $15,000 for the cause.

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Podcasts Let Us Listen In On Startup Community

Podcasting — once a fringe medium for devoted audio bloggers — has surged in popularity this year thanks to a few blockbuster shows edging into mainstream media.

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SaaS Co. Doctible Closes $2M Seed Round

Local software startup Doctible Inc. has closed a $2 million seed round and launched a more robust software-as-a-service product for health care providers.

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Zesty Taps Rich Vein of Influencer Content

Five years of bootstrapping and a recent $1 million funding round have put Zesty.io Inc. in a pretty good spot.

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BrightScope Acquired By New York Firm

FINANCE: Local Co. Approached Competitor About Working Together

After losing a bidding war with a larger company over a business they both wanted to buy, BrightScope Inc. CEO Mike Alfred decided: if you can’t beat ’em, join ’em.

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Benefunder Gives New Direction a Try

GIVING: It’s a Selling Point For Donor-Advised Funds

When philanthropists give money to research, they don’t always feel like they’re making an impact. Money disappears into a foundation or a fund, and donors are left disconnected from how that money is being used.