San Diego Business Journal

SD FINANCE

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

Low Vacancy Rates and High Demand Are Pushing Apartment Rents Higher, And the Trend May Continue

Arecent report on rising rents, by the Lusk Center for Real Estate at the University of Southern California, painted a clear good news/bad news picture of San Diego County’s apartment property market so far in 2016.

Illumina's Revenue Fails to Match Forecasts for Q1

San Diego’s Illumina Inc. reported quarterly earnings May 3, falling short of analyst expectations and further slipping the company’s stock.

Mitek Systems Inc. Reports Q2 Revenue of $8.5 Million

Kearny Mesa-based Mitek Systems Inc. reported net income of $600,000, or 2 cents per diluted share, on revenue of $8.5 million in its second quarter of fiscal 2016, which ended March 31.

Indus Navy Deal Could Be Worth $2.92M to Contractors

Indus Technology Inc. said on May 3 that it is leading a team that received a U.S. Navy contract that could we worth up to $2.92 million over five years, if the Navy exercises all of its options.

Dexcom Inc. Acquires European Distribution Partner Nintamed

Dexcom Inc., one of San Diego’s biggest public medical technology firms, announced May 2 that it will acquire Nintamed, a distribution partner with presence in Germany, Switzerland and Austria.

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Petherbridge Named President and CEO of Excel Trust

San Diego-headquartered Excel Trust has appointed Luke J. Petherbridge as chief executive officer and president.

Slight Increase Boosts a Strong Local Economic Index

The University of San Diego’s economic index rose 0.4 percent in March to a level not seen since the exuberant days of 2005-2007.

Biocept Inc. Prices Common Stock Offering

San Diego-based Biocept Inc. is hoping to raise $5 million in an offering of its common stock, the company announced April 29.

Finistere Ventures, International Farming Corp. Launch Willow Hill Ventures

An agricultural technology and life sciences venture capital investor, Finistere Ventures, LLC, partnered with International Farming Corp., an institutional farmland owner in North Carolina, to launch Willow Hill Ventures.

ROIC Posts Increase in Revenue for First Quarter

Total first-quarter revenue at Retail Opportunity Investments Corp. (ROIC) rose 6.3 percent over the year-ago period, topping $42.6 million, the San Diego-based company reported.

San Diego Region Construction Jobs Increase 6 Percent

The San Diego region gained 4,000 construction jobs from March 2015 to March 2016, according to an analysis of federal employment data by the Associated General Contractors of America.

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Means Testing Serious Business for Social Security

Workers younger than 66 lost up to $100,000 in Social Security lifetime benefits April 29. Why? Because the “File and Suspend” claiming strategy, which allowed a retiree to take benefits off a spouse’s record while deferring his or her own record, has been eliminated.

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These Socks Were a Shoo-In for Some Successful Fundraising

With more than 30 years of experience in the apparel industry, Carlsbad resident John Rich is hyper-aware of what is being worn in his community. And although there were plenty of Carlsbad T-shirts, hats and bags, he was hard-pressed to find a pair of Carlsbad socks.

Coalition Launches Initiative to Promote More Jobs

A group of businesses and government leaders launched an effort Wednesday to collaborate on job creation across the San Diego County and Tijuana region.

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Region Gets Additional Dose of Life Science VC Funds

CAPITAL: Lumira, RiverVest Among Firms Adding a Local Presence

San Diego’s growing hub of biotech and other life science firms is attracting fresh investors to the region.