San Diego Business Journal

SD FINANCE

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

Renovate America Closes $200 Million Credit Facility

San Diego-based Renovate America, a provider of financing for residential property-assessed clean energy programs, announced Tuesday that it has closed a $200 million credit facility with Bank of America.

By Sarah de Crescenzo February 28, 2017 2:28 p.m. share »

Realty Income Corp. Begins $645.8 Million Stock Offering

Realty Income Corp. has commenced a public stock offering with expected net proceeds of approximately $645.8 million, the San Diego-based company announced.

By Lou Hirsh February 28, 2017 2:24 p.m. share »

Mad Catz Interactive Inc. Receives Notice of Noncompliance From NYSE

Financial losses at Mad Catz Interactive Inc. have put the San Diego-based videogame company out of compliance with listing rules at the stock exchange where its shares trade.

By John Cox February 24, 2017 10:35 a.m. share »

Jack in the Box Reports Q1 Net Earnings of $35.9 Million

Fast-food restaurant company Jack in the Box Inc. (NASDAQ: JACK), one of the largest corporations based in San Diego, reported net earnings of $35.9 million for the first quarter of its fiscal year, about 8 percent more than the $32.2 million in the same quarter the previous year.

By Sarah de Crescenzo February 24, 2017 9:52 a.m. share »
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What Do These Silicon Valley Startup Transplants Think of S.D.?

Viral blog articles and cheeky ad campaigns are fueling a lot of talk about entrepreneurs moving their startups from Silicon Valley — and other startup hubs — to San Diego.

By Brittany Meiling February 23, 2017 4:34 p.m. share »
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Local 'Shark Tank' Startup Appearing on '20/20' Show

San Diego’s Tower Paddleboards will be featured on ABC Television’s “20/20” news magazine, set to air at 10 p.m. Friday, Feb. 24.

By Brad Graves February 23, 2017 4:32 p.m. share »

Revenue Rises at Retail Opportunity Investments Corp.

Revenue at Retail Opportunity Investments Corp. (ROIC) rose 23 percent from a year ago in the fourth quarter ending Dec. 31, reaching $63.1 million, the San Diego-based company reported.

By Lou Hirsh February 23, 2017 3:31 p.m. share »

Aviva Systems Biology Corp. Acquires GenWay Biotech

San Diego-based antibody manufacturer Aviva Systems Biology Corp. has acquired GenWay Biotech Inc., another San Diego company that makes proteins.

By Sarah de Crescenzo February 23, 2017 3:28 p.m. share »
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Padres Pedal the Cause Can Take Victory Lap After Donation

Padres Pedal the Cause presented a check for $2,031,989 to researchers from Moores Cancer Center at UC San Diego Health, Sanford Burnham Prebys Medical Discovery Institute, the Salk Institute for Biological Studies and Rady Children’s Hospital–San Diego. Padres Pedal the Cause Executive Director Anne Marbarger presented the check during a gathering of more than 100 beneficiary representatives, San Diego business leaders, as well as top donors and fundraisers. The award represents the total amount raised by the organization’s 2016 cycling event.

By Stephanie Glidden February 23, 2017 1:46 p.m. share »
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Seacoast Holds On to More of Its SBA Loans

It’s been nearly 10 years since Richard Sanborn was hired to turn around Seacoast Commerce Bank, the Rancho Bernardo-based commercial bank.

By Sarah de Crescenzo February 23, 2017 1:02 p.m. share »

Guild Mortgage Continues to Grow Loan Volume, Expand Reach

San Diego-based independent mortgage lender Guild Mortgage loaned homebuyers $15.9 billion in 2016, 15.3 percent more than the $13.8 billion it loaned out in the prior year, the company announced Tuesday.

By Sarah de Crescenzo February 22, 2017 5:07 p.m. share »
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Realty Income Corp. Reports Quarterly, Annual Revenue Increases

Realty Income Corp. reported a 9.1 percent gain from a year ago, as revenue for the fourth quarter ending Dec. 31 reached $287.8 million. Full-year revenue topped $1.1 billion in 2016, up 7.8 percent from 2015.

By Lou Hirsh February 22, 2017 4:49 p.m. share »
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San Diego EDC Shuffles Staff as Senior Official Departs

A senior official at the San Diego Regional Economic Development Corp. is stepping down to take a position in the Canadian government.

By John Cox February 22, 2017 4:27 p.m. share »

Coldwell Banker Acquires Masterpiece Realty Associates

Del Mar-based Masterpiece Realty Associates Inc. has been acquired by real estate brokerage company Coldwell Banker Residential Brokerage, the firm announced Tuesday. Financial terms of the deal were not disclosed.

By Sarah de Crescenzo February 21, 2017 2:48 p.m. share »

Fourth-Quarter, Annual Revenue Rise at American Assets Trust

American Assets Trust Inc. saw total revenue rise 7 percent from a year ago for its fourth quarter ending Dec. 31, topping $76.5 million, the San Diego-headquartered company reported.

By Lou Hirsh February 21, 2017 2:41 p.m. share »