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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Verizon Takes Large Space at Sorrento Mesa Office Campus

Telecommunications giant Verizon Communications Inc. has leased 110,000 square feet of space at the recently renovated Enclave Sorrento office campus in Sorrento Mesa, according to brokerage company JLL.

Survey Finds CEOs Expect Slowdown in Hiring

CEOs plan on adding fewer workers to their payroll despite cautious optimism about economic improvement, according to the second quarter 2015 Vistage CEO Confidence Index Survey.

Federal Reserve Awards Seacoast Commerce Bank 'Outstanding' Rating

The Federal Reserve Bank has awarded San Diego-based Seacoast Commerce Bank the highest rating possible for meeting the credit needs of the local community, Seacoast said Wednesday.

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Hughes Marino Joins New Global Tenant-Focused Real Estate Group

Commercial real estate services provider Hughes Marino Inc. of San Diego has joined Exis, a global business organization focused exclusively on tenant representation.

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Five-Building Carlsbad Office Portfolio Sells for $48.85 Million

An affiliate of Beverly, Mass.-based Brookwood Financial Partners LLC has purchased a five-building Carlsbad office portfolio for $48.85 million, according to CoStar Group and public data.

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TIME FOR A CHANGE

Two Women Entrepreneurs Saw Opportunity in A Financial Market That Wasn’t Being Well Served

When Valorie Seyfert and Amy Beattie launched CUSO Financial Services (CFS) in 1996, they were betting they could capitalize on credit unions’ frustrations with the independent broker-dealers the institutions had hired to offer securities products, such as annuities and mutual funds, to the unions’ members.

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Putting Women on Frontlines of Entrepreneurial Empowerment

FINANCE: Boot Camp Wants Female Investors for World Changing Mission

An all-female boot camp for angel investors is coming to San Diego this fall, designed to boost the participation of women in a field dominated by men.

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Realty Income Closes on New $2.25 Billion Credit Facility

San Diego-based Realty Income Corp. has closed on a new $2.25 billion unsecured credit facility, to replace a previous $1.5 billion unsecured credit facility.

Payday Lending Deals With Change

FINANCE: Growth Slows; New Regulation Considered

California payday lenders are seeing more customers and doing more business than ever, even as the industry’s growth rate has slowed substantially since 2010, state regulators said last month.

California Economic Activity Index Shows Slight Increase for April

Comerica Bank’s California Economic Activity Index improved in April, increasing 0.7 of a percentage point to a level of 119.7, the bank said.

HomeFed Closes $125 Million Private Placement

Carlsbad-based HomeFed Corp., real estate investment and development firm, announced that it has successfully closed a private placement of $125 million of 6.50 percent senior notes due 2018.

Local Delegation Heading to Philippines to Promote Trade

The Philippine Honorary Consul of San Diego, Audie J. de Castro, will head a San Diego delegation of government officials and business executives on an economic mission to the Philippines from July 6-10.

San Diego's Economic Health Continues to Make Gains, Index Shows

An index of San Diego’s economic health rose again in May, marking 12 straight months of positive outlooks, the University of San Diego said Tuesday.

Study: Acceptance of Working Moms Continues to Grow

Teen and adult acceptance of working mothers has risen to an all-time high, about double what it was in the late 1970s, researchers at San Diego State University and the University of California, San Diego said Monday.

Former Qualcomm Exec Sentenced to 18 Months and Fined for Insider Trading, Obstruction of Justice

A federal judge sentenced a former Qualcomm Inc. executive to 18 months in prison and fined him $500,000 for acting on insider information to profit from stock trades and then trying to cover up the incidents.