SD FINANCE
Recent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...
Vital Therapies Resets Price of Planned IPO
Vital Therapies Inc. lowered the proposed size of its planned initial public offering, according to Renaissance Capital. Vital Therapies now plans to sell 4.5 million shares at $13 to $15 per share, expecting to raise about $63 million.
Brewery Redefines 'Beer Fund'
Santee-based Twisted Manzanita Ales and Spirits, which celebrates its fourth anniversary this year, is seeking investors to help fund a planned expansion of its distribution both domestically and internationally.
Encore Capital Completes Its Acquisition of Contolling Stake in Grove Capital
Encore Capital Group Inc., the San Diego buyer and collector of charged off credit card debt, said it closed its acquisition of a controlling stake on Grove Capital Management, a British firm that is focused on insolvencies in the United Kingdom and Spanish assets. Encore didn’t say what it paid for the company.
SBA Rule Changes Open Eligibility Door Wider for Borrowers
The Small Business Administration changed some rules covering its two primary loan programs in an effort to broaden the eligibility of borrowers and extend credit to folks who had been deemed to have too much cash to lend to.
TAPPING THE TALENT
ECONOMY: Programs Aim to Staff Region’s Craft Brewing
Craft beer is brewing up significant economic benefits for San Diego County, not to mention national buzz created by a growing array of local brands now being sold at stores, bars and restaurants across the country.
Fund Aims to Connect S.D. Biotech to China
Venture Capital: China’s Money, Manufacturing are Key
Lauded San Diego philanthropist Malin Burnham has teamed with Tom Gephart, an old-school venture capitalist, to launch a $200 million “Cross-Border Innovation Fund,” aiming to finance 10 to 20 startups with money largely from China.
Mind Solutions Receives $1 Million Funding Commitment
Mind Solutions Inc., a San Diego company developing a headset that can operate smartphones and tablets through "mind power," said it received a $1 million funding commitment from an unnamed source, allowing it to further the development of its proprietary mobile headset.
West Partners Invests in Carlsbad Tech Company
West Partners said it recently closed an investment in NoteVault Inc., a Carlsbad-based technology company. The amount of the investment was not disclosed.
Vistage Survey Finds Firms Planning to Hire
Fifty-eight percent of businesses surveyed for the first-quarter Vistage CEO Confidence Index plan to hire in the year ahead.
LPL Celebrates New Digs, 'the Largest Net-Zero Energy' Commercial Office in U.S.
LPL Financial LLC, the independent broker-dealer that has about 2,000 employees here, celebrated the opening of its 13-floor, new office tower in the University Towne Center neighborhood April 2.
Realty Income Stock Offering Raises $528.5 Million
Realty Income Corp. (NYSE: O) has closed on a public stock offering that raised approximately $528.5 million in net proceeds, after underwriters exercised options to purchase an additional 1.8 million shares, company officials said.
Downtown Office Building Sells for $5.3 million
Rossi-Kettner LLC of Long Beach has purchased a downtown office building for $5.3 million, according to CoStar Group and public data.
Spring Valley Apartment Community Sold for $5.65 Million
Doug Wetton Properties Inc. of Newport Beach has acquired the 46-unit Kenora Terrace apartment community in Spring Valley for $5.65 million, according to real estate services provider HFF Inc., which represented the seller.
Realty Income Stock Offering Is Expected to Raise $459.5 Million
Escondido-based Realty Income Corp. (NYSE: O) has commenced a public stock offering expected to bring net proceeds of approximately $459.5 million.
