SD FINANCE

Ted Waitt Stepping Down as Chair of Salk Institute's Board

Ted Waitt, chair of the board of trustees at the Salk Institute for Biological Studies, announced today he will be leaving his post, the timing of which he said was unrelated to recent lawsuits facing the scientific research institution in La Jolla.

Barbo Bounces Back With New Company and Same Tenacity

Cody Barbo, the former CEO and co-founder of Industry, is launching a new software venture just one month after being forced out of his last startup.

With $815M, SDSU Easily Surpasses Goal of 10-Year Fundraising Campaign

Donors put San Diego State University’s 10-year fundraising campaign over the top in fiscal 2016-17, bringing the total raised to $815.17 million, the university recently announced.

Sempra Does Its Homework for Oncor Deal

It Studied Failure of Past Efforts To Purchase Oncor

Cox Business Announces Pitch Contest, Get Started San Diego

A new pitch competition for startups is coming to San Diego, where entrepreneurs and small business owners can compete to win $20,000 in cash and $5,000 in technology services.

Student Takes a Bow for Entry in NASSCO’s Naming Contest

As part of its Maritime Month celebration, General Dynamics NASSCO invited local K-8 students residing or attending school in the Greater Logan Heights community to name the company’s newest tugboat.

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Sidecar Fund Could Boost, Or Eclipse, Quick Pitch Winner

Startups who applied to San Diego’s biggest pitch competition may get more than they bargained for, as the event’s cash prize could be tripled for one of the finalists. But there are some caveats attached to the new cash.

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Business Finds Financial Boost in Regulation Crowdfunding

FINANCE: Mechanism Allows Investment By Unaccredited Investors

The founders of Solana Beach-based athletic wear retailer Graced By Grit weren’t having any luck convincing investors to back their company.

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Suja Life Has What Venture Capitalists Like

San Diego-based Suja Life LLC, which makes organic, cold-pressed juices and other beverages, is the second most well-funded venture capital backed food and beverage startup.

Nisen to Retire From CEO Post at Sanford Burnham Prebys Medical Discovery Institute

Perry Nisen, the top executive at one of San Diego’s most well-known research institutes, is retiring at the end of September.

San Diego Firm Gets $17.8M in Refinancing for Property Near Seattle

San Diego-based Nexus Properties Inc. has obtained $17.8 million in refinancing for a life science building that it owns in suburban Seattle, according to Holliday Fenoglio Fowler LP (HFF), which arranged the financing.

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Cerritos-Based Bank to Open Carlsbad Branch

Cerritos-based First Choice Bank plans to open a new branch in Carlsbad on Oct. 20, its first in San Diego County.

FinCEN to Continue to Monitor S.D. Residential Real Estate Purchases for Possible Money Laundering Activity

Federal regulators remain concerned about money laundering activity in the San Diego real estate market.

Mission Valley Joe’s Crab Shack Among 40 Nationwide Closings

Joe’s Crab Shack recently closed its restaurant in Mission Valley, among at least 40 abrupt closings carried out nationwide since early August by the struggling chain amid bankruptcy proceedings.

Sempra Energy to Acquire Texas Energy Giant Oncor in $9.45 Billion Deal

San Diego-based Sempra Energy reached a deal to buy control of Oncor Electric, operator of the largest electric transmission and distribution system in Texas.