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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Otonomy Proposes IPO

San Diego-based Otonomy Inc., a clinical-stage biopharmaceutical company focused on the development and commercialization of therapeutics for diseases and disorders of the inner and middle ear, has publicly filed a registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering of common stock.

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Hera Therapeutics Raises $1.1M in Equity Financing

Hera Therapeutics Inc., a biotech startup operating in the Janssen Labs incubator, has raised $1.1 million in equity financing from 14 investors, according to a July 9 filing with the U.S. Securities and Exchange Commission.

Event to Encourage Women-Owned Businesses to Seek Federal Contracts

The San Diego ChallengeHER event on Wednesday July 16 from 9 a.m. to noon is aimed at educating female entrepreneurs about the Women-Owned Small Business Federal Contract Program, and to bring more women-owned businesses into the federal government’s supply chain, according to an announcement from the U.S. Small Business Administration, which is co-sponsoring the event.

Daylight Defense Gets Research Grant From Army

Daylight Defense LLC of Rancho Bernardo said that it received a Small Business Innovation Research grant from the U.S. Army to develop next-generation high-power ultraviolet laser capability to support future defense applications.

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Pension Fund Buys Three Carmel Valley Office Buildings for $39.2M

West Sacramento-based CalSTRS, the pension fund of the California State Teachers’ Retirement System, bought a three-building office portfolio in Carmel Valley for $39.2 million, according to CoStar Group and public data.

PriceSmart Reports Q3 Results

PriceSmart Inc., the San Diego operator of warehouse club stores in Latin America and the Caribbean, reported third quarter revenue of $615 million, up from $571.7 million for the like quarter of 2013.

Low-Tech Fizzles, High-Tech Sizzles in Hot Careers Report

Those seeking decent employment in San Diego should probably focus on high-tech, according to a report on Hot Careers 2014 from UC San Diego’s Extension.

Local Entrepreneurs, Venture Capitalists ‘Partying Like It’s 1999’

FINANCE: Recent Successful IPOs Expected To Fuel More Investment

David Titus was in a great mood when he delivered the opening remarks for the recent San Diego Venture Summit.

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New VC Firms Finding Lots of Deals In San Diego’s Startup Ecosystem

VENTURE: Region Lured 7 Firms To Set Up Shop and Invest

The money men — and women — are venturing back to San Diego.

Credit Unions Targeting Efforts at Capturing the Gen Y Market

Gen Y consumers, those in their 20s and 30s, are being courted by everyone, including credit unions, which say they’re making significant inroads to capturing a large portion of the market.

MabVax and Telik Complete Merger

San Diego-based MabVax Therapeutics Inc., a privately held cancer immunotherapy company, and Telik Inc., a publicly traded clinical-stage oncology drug development company, have finalized their merger.

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Otay Mesa Industrial Property Sold for $8.1 Million

A San Diego entity recorded as Niceride1 LLC has purchased an Otay Mesa industrial property for approximately $8.1 million, according to CoStar Group and public data.

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MiraCosta College Opening Technology Career Institute in Carlsbad

The city of Carlsbad and MiraCosta College have partnered to open a new Technology Career Institute, in a city-owned building where the college will train workers to fill a growing demand for industrial technicians.

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San Diego Office Buildings Part of $214.4 Million Portfolio Deal

Four San Diego office buildings are part of a seven-state, 37-property commercial portfolio acquired by an affiliate of Dallas-based Lone Star Funds for $214.4 million, according to CoStar Group and public data.

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Carlsbad Office Building Sold for $26.2 Million

A San Francisco-based affiliate of New York Life Investment Management LLC has purchased the Centerpoint Plaza office building in Carlsbad for approximately $26.2 million, according to CoStar Group and public data.