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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Realty Income Stock Offering Is Expected to Raise $459.5 Million

Escondido-based Realty Income Corp. (NYSE: O) has commenced a public stock offering expected to bring net proceeds of approximately $459.5 million.

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Oceanside Retail Center Sold for $12.6M

Doerken Properties Inc. of Santa Monica has purchased the Flags on Mission Shopping Center in Oceanside for $12.6 million, according to brokerage company Lee & Associates, which represented the buyer and seller.

Credit Rating for a San Diego-Based Auto Insurer Is Downgraded

A.M. Best, a New Jersey-based firm that rates the financial health of insurers, said it downgraded the issuer credit rating for San Diego-based auto insurer Anchor General Insurance Co. from bbb+ to bbb, and affirmed the financial strength rating at B++ (Good).

Credit Rating for San Diego-Based Auto Insurer Is Downgraded

A.M. Best, a New Jersey-based firm that rates the financial health of insurers, said it downgraded the issuer credit rating for San Diego-based auto insurer Anchor General Insurance Co. from bbb+ to bbb, and affirmed the financial strength rating at B++ (Good).

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Realty Income Stock Offering Expected to Raise $459.5 Million

Escondido-based Realty Income Corp. (NYSE: O) has commenced a public stock offering expected to bring net proceeds of approximately $459.5 million.

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Businesses Embrace Working in San Diego’s Dynamic Urban Core

ECONOMY: Downtown Is Attracting Technology Cos. And Other Startups

Downtown boosters long have been urging more companies to come to the city’s commercial center, but some businesses need no convincing.

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It Takes an East Village, a Little Italy, a Gaslamp...

Economy: Downtown’s Hot Spots Draw Residents; Now They Need Businesses

Chelsea Bakewell can’t picture living and working anyplace other than downtown San Diego.

Bank Is Aiming for a Better Balance After Failing Big Stress Test

The results of the biggest banks’ stress testing are in, and everyone passed except for Zions Bancorporation.

Co. Brings Alternative To Alternative Lending

FINANCE: Global’s Buy Offers Under-Banked Purchasing Power

San Diego-based Global Analytics Holdings Inc., which operates a lending platform for the under-banked in the United Kingdom, bought an online business that enables employees to buy goods at zero interest and repay their debt through regular payroll deductions.

Gary and Mary West Health Investment Fund Announces Sale of Sense4Baby Inc.'s Assets

The Gary and Mary West Health Investment Fund made a series of announcements – most notably that the assets of Sense4Baby Inc., its smartphone-based pregnancy monitoring company, have been acquired by San Antonio’s AirStrip Technologies LP.

RuiYi Receives $15M in Funding

RuiYi Inc., a biotech based both in La Jolla and Shanghai, has received $15 million in Series B financing from a group of existing investors.

Committee Sends Ballot Measure for Minimum Wage Increase to City Council

A San Diego City Council committee approved a ballot measure that would increase the minimum wage above the current statewide minimum for businesses operating here.

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TakeLessons Receives $7 Million in Funding

TakeLessons, which runs an online marketplace for people wanting to improve skills in a variety of fields, said on March 25 that it received $7 million in funding.

Assay Depot Receives $3M in Series B Funding

Assay Depot Inc., Carlsbad’s self-dubbed “Amazon.com for scientists,” has landed $3 million in Series B funding.

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WD-40 Announces Quarterly Dividend

WD-40 Co. announced its quarterly dividend of 0.34 cents per share, payable April 30, 2014 to stockholders of record on April 11, 2014.