SD FINANCERecent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...
Development firm The Shamrock Group LLC, based in Solana Beach, has obtained a $40 million construction loan for a new outlet shopping center it is building in San Ysidro.
Welk Resort Group, the San Diego developer and operator of resort properties, said it closed a $158.7 million securitization backed by notes receivable from vacation ownership interests.
San Diego-based cancer drug developer Ignyta Inc. has raised $54 million in two separate stock offerings, exceeding the company’s original target of $35 million.
Volcano Corp. has authorized a $200 million share repurchase program — which is in line with the advice from an activist investor who is reportedly grooming the company as an acquisition target.
The downtown San Diego office tower at 450 B. St., known locally as the Bank of America Tower, has been sold for $73 million, according to CoStar Group and public data.
San Diego-based Orexigen Therapeutics Inc. is planning a $100 million offering of convertible senior notes, the company announced.
San Diego companies will be well represented at the 25th Annual Piper Jaffray Healthcare Conference set for Dec. 3-4 in New York City.
Market conditions are no longer right for Kratos Defense & Security Solutions Inc. to refinance a $625 million bond, company CEO Eric DeMarco said recently.
Real Estate Column
San Diego County and the nation are in the midst of steady post-recession recovery when it comes to new construction projects, by most indicators; however, many contractors are not yet in a mood to celebrate.
STARTUPS: Co-Working Site Plans P.B. Location For Innovation, Inspiration
To Raymond Hivoral, the beach and entrepreneurship are like ice cream and a 90-degree day — they go together.
Bank merger activity slowed this year nationally, but prices paid are getting richer, according to a recent study by SNL Financial, a Virginia-based financial research firm.
FINANCE: Those Who Haven’t Saved May Find Golden Years Tarnished
As many older employees look at the time they have left before they retire, many realize they haven’t saved enough and are opting to continue working, local wealth advisers said.
San Diego-based Trigild has closed a $50.8 million sale of a Rancho Cucamonga office building for which it had been appointed receiver.
The European Union gave conditional approval to the purchase of Carlsbad-based Life Technologies Corp. by Thermo Fisher Scientific Inc.
San Diego’s unemployment rate for October was 7 percent, unchanged from September and matching the nation’s overall jobless rate for the same month, according to the state’s Employment Development Department.