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The Farmers Insurance Open’s Birdies for Charity program raised more than $420,000 for eight local charities. Farmers Insurance and the Century Club of San Diego presented the funds to all eight participating Birdies for Charity organizations. Participating charities asked for pledges and donations from individuals who support their organizations.
Dallas-based Lone Star Funds has purchased First Allied Plaza on West Broadway in downtown San Diego for approximately $140.8 million, as part of its $621.5 million acquisition of a national office portfolio from Wereldhave USA, according to CoStar Group.
Wisconsin-based Hendricks Commercial Properties has purchased the Scripps Mesa Retail Center, in the Scripps Ranch neighborhood, for $6.9 million.
A student-run venture capital fund at UC San Diego has participated in a $16 million Series B round of funding in startup Savara Pharmaceuticals Inc.
The board of WD-40 Co. recently declared a dividend of 31 cents per share.
Another San Diego community bank is exiting the scene. San Diego Trust Bank, founded in 2003 and with three branches and $242 million in assets, agreed to be acquired by Pacific Premier Bancorp Inc., based in Irvine and with $1.2 billion in assets.
Local philanthropist Darlene Shiley has donated $5 million to Scripps Clinic to support advanced orthopedic care and research. The Donald P. and Darlene V. Shiley Musculoskeletal Center, on the first floor of the Scripps Clinic Torrey Pines Anderson Outpatient Pavilion in La Jolla, will provide patients with a range of medical services and centralized programs all in one place.
Newport Beach-based investment firm Peregrine Realty Partners has purchased the Chesapeake Park Plaza office building in Kearny Mesa for $14.5 million. The seller was CW Capital Asset Management LLC of Bethesda, Md., according to CoStar Group.
Realty Income Corp. has closed on its recently announced public offering of common stock, which garnered net proceeds of approximately $756 million.
San Diego-based Harvest Meat Company Inc., a national distributor of meat-based products, has acquired certain assets from Vernon-based Randall Foods Inc. Financial terms of the deal were not disclosed.
Seacoast Commerce Bank changed its business model last year to holding rather than selling its SBA loans, and naturally, its portfolio got a lot larger.
BUSINESS: Planning An Exit Strategy Can Take Years
Often described as financial matchmakers, business brokers occupy a special niche in the world of business transactions.
Former UC San Diego Chancellor Richard Atkinson donated $3.5 million to the National Academy of Sciences. The funds will be used to establish an annual $200,000 prize that will recognize the work of researchers in the fields of psychology and cognitive sciences.
Locally based Paragon Management Co. has purchased a mixed-use project in Mission Hills, called 1Mission, for $8.6 million, according to CoStar Group.
Realty Income Corp. has announced a public offering of common stock, expected to generate net proceeds of approximately $656.9 million.