SD FINANCE
Recent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...
DJO Global Reports Q4 Results
DJO Global Inc., the Vista-based maker of orthopedic devices, reported a 2013 fourth quarter net loss of $132 million, compared with a net loss of $47 million for the like quarter of 2012.
Form a ‘Business Plan’ to Fight Climate Change
If nine doctors out of 10 told you that your child was struggling with a life-threatening illness and agreed on a set of treatments, what would you do?
House Rules
FINANCE: Lenders can still make loans outside the new guidelines, but at greater risk
Like many borrowers seeking a mortgage or refinancing an existing one, Shae Geary knew the process would involve a lot more time and paperwork.
New SBA Administrator Ready to Tackle ‘Chief Evangelist’ Role
The new Western regional administrator for the Small Business Administration can relate to what many small business owners are dealing with — she was in their shoes at one time.
Bridge Just Part of More Business Links Expected With Mexico
“I’ve always told people that I had a bridge to sell them,” billionaire investor Sam Zell quipped during a recent real estate conference in San Diego. “Now I’ve actually got a … bridge.”
Vibra Brings Longtime Exec out of Retirement
Banking: For New CEO, Taking on Challenge Is Old Hat
Frank Mercardante is back at the helm of a local community bank after being been named chief executive of Vibra Bank in Chula Vista. It’s a job he wasn’t seeking, but given the chance to return to banking he’ll take it.
Carlsbad Apartment Property Sells for $6 Million
PUR Villas Carlsbad LLC has purchased the 24-unit Villas La Costa apartment property in Carlsbad for approximately $6 million, according to brokerage company Marcus & Millichap Inc., which represented the buyer and seller.
Graham Leaving Civic San Diego Post to Join Jones Lang LaSalle
Jeff Graham is leaving his post as president of Civic San Diego, the city’s project and planning oversight agency for downtown and other neighborhoods, to become a senior vice president in the San Diego office of commercial real estate services company Jones Lang LaSalle Inc.
Pyramid Building in Miramar Sells for $13.6 Million
Alliance Diversified Holdings LLC, a San Diego-based private equity firm, has acquired the Miramar office property known as the “Pyramid Building” for $13.6 million, according to Voit Real Estate Services, which represented the buyer and seller.
Vibra Bank Reports Net Loss of $124,000 for the Year
Vibra Bank, the Chula Vista bank that hired a new chief executive last week, reported 2013 fourth quarter net income of $44,000, compared with $183,000 for the like quarter of 2012.
San Diego County Regional Airport Authority Issued $305M in Bonds for Rental Car Facility
The San Diego County Regional Airport Authority, the agency that manages Lindbergh Field, said it issued $305.3 million in senior specialty facility revenue bonds to finance its planned rental car center.
Registrar Certifies Signatures Allowing for June Ballot Vote on Linkage Fees
The San Diego County Registrar’s Office has verified 53,107 signatures gathered by opponents of a hike in commercial developer linkage fees recently approved by San Diego City Council.
Illumina Launching ‘World’s First’ Genomics Incubator
Illumina Inc. is launching what it bills as the world’s first genomics incubator, saying it has teamed up with technology billionaire Yuri Milner and Silicon Valley Bank to invest hundreds of thousands of dollars in startups.
San Diego Airport Bond Ratings Affirmed
Fitch Ratings affirmed the credit ratings on bonds issued by the San Diego Regional Airport Authority, with nearly $380 million of senior revenue bonds receiving an A+ rating, $571 million of subordinate revenue bonds getting an A, and the overall bond rating outlook deemed stable.
Coastal Commission Approves Carlsbad’s New Open Space at City Golf Course
The California Coastal Commission has approved the city of Carlsbad’s creation of 40 acres of open space at the city’s municipal golf course known as The Crossings at Carlsbad.
