San Diego Business Journal

SD FINANCE

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

Guild Mortgage Co. Acquires Austin Company

Guild Mortgage Co., a private San Diego mortgage bank, said Monday it has agreed to acquire AmeriPro Home Loans, an Austin, Texas-based mortgage company.

Bank of the West Opens La Jolla Branch

San Francisco-based firm Bank of the West has opened a new banking branch in La Jolla.

County's Employment Rate Increases 2.9% in 2015

Employment in San Diego grew 2.9 percent in 2015 with the addition of nearly 40,000 jobs in sectors from construction to clean tech.

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Walden’s Spring Soirée Brings Hope and Help to Foster Kids

Walden Family Services, the nonprofit foster care, adoption and youth services agency, hosted its Spring Soirée recently at the Pamplemousse Grille to celebrate May 2016 Foster Care Month.

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SBLC License Opens New Opportunities for Two Lenders

FINANCE: Status Allows ‘Problem Solving’ to Enter the Lending Picture

For the past eight years, San Diego County residents Adam Seery and Todd Massas watched as their fellow bankers stuck to strict lending guidelines and denied loans to business owners caught up in the 2007 recession. Bankers don’t want to hear the recession hurt a business, Massas said. “The minute they hear that, they’ll say an individual is not a good credit risk,” he said.

Noble Group to Sell San Diego-Based Noble Americas Energy Solutions

Trading firm Noble Group announced the resignation of its chief executive officer and said it will sell San Diego-based Noble Americas Energy Solutions.

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Rhonda Beathard to Lead Mason-McDuffie Mortgage Corp.'s New La Jolla Office

Mason-McDuffie Mortgage Corp., a privately held mortgage banking firm headquartered in San Ramon, is opening an office in La Jolla.

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Volunteers Take Several Steps to Help Fight Liver Disease

American Liver Foundation’s Pacific Coast Division held the 18th Annual Liver Life Walk in Liberty Station recently. Nearly 600 walkers raised more than $64,000 to support medical research, educate patients, families, caregivers and health care professionals about liver wellness and disease prevention. The team from San Diego-based Intercept Pharmaceuticals Inc. was the top fundraising team, raising $7,455.

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Meeting the Demand Keeps Rents High at Medical Offices

PROPERTY: Offices Under Construction Are Already Leased

Rising demand for care services, along with limited new construction in high-demand submarkets, continue to make San Diego County a friendly place for owners of medical office buildings.

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Retail Projects Follow New Residential Sites

PROPERTY: Retail Rents Are High as Vacancies Are Low

A continued influx of tourists and new residents is expected to keep San Diego County retail space in tight supply as rents continue to rise this year at the most coveted locations, according to a newly released report by the brokerage firm Marcus & Millichap.

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SDMAC Creates Foundation to Further Its Outreach, Initiatives

The San Diego Military Advisory Council has announced the formation of its new charitable nonprofit, the SDMAC Foundation. The newly created 501(c)3 will allow San Diego’s leading nonprofit military organization to further promote general awareness and understanding of the importance of a strong national defense in our region — and will further support San Diego’s active-duty and retired military community through program initiatives, educational outreach, and events funded by tax-deductible donations received by the organization.

San Diego Venture Group's Cool Companies Set to Show Their Tech Talents

San Diego Venture Group is giving dozens of local startups a stage to show off their tech at its yearly “Cool Companies” event in early June. Shortly after the event, the startups will get private meetings with over 30 venture capitalists visiting from Silicon Valley and Los Angeles.

New Grads Have We Got a Place for You: San Diego

San Diego ranked fourth in the western U.S. as a place for new grads and 19th nationally, in a recent study by Zumper, an apartment search site.

Pulse Electronics Refinances $80M in Debt

Pulse Electronics Corp. — a San Diego company that makes electronic components — said on May 19 that it has refinanced $80 million in debt.

Glacier Water Reports Q1 Results

Vista-based Glacier Water Services Inc. announced its first quarter results May 19 with 2.8 percent revenue growth to $31.8 million and a jump in operations income.