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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Bond Market Snaps Up Sandag’s Latest Offering

FINANCE: Sale Brings In $54M Above the Face Value

A yield-hungry market recently gobbled up $350 million in bonds issued by the San Diego Association of Governments that pays an average of 3.85 percent over the 34 years the debt will be in place.

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Realty Income Names New Chief Operating Officer

Escondido-based Realty Income Corp. has appointed Sumit Roy to the post of chief operating officer, effective Oct. 1.

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WD-40 Completes Acquisition of UK Company

WD-40 Co., the San Diego based maker of lubricants and other household products, said it completed the acquisition of the business and assets of GT85 Ltd., a United Kingdom based company that sells multipurpose maintenance products.

Succession Capital Acquires Colorado Jewelry Maker

Succession Capital Inc., a San Diego based private equity firm, said it acquired Sienna Sky Jewelry, a maker and distributor of fashion jewelry based in Longmont, Col. for an undisclosed price.

OneAmerica Financial Partners Completes Acquisition of Locally Based Retirement Services Unit

OneAmerica Financial Partners Inc., an Indianapolis-based insurance company, said it completed the acquisition of City National Bank’s’ retirement services record keeping unit in San Diego.

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San Diego's Life Sciences Get $167M in VC Funding in Q2

Venture capital funding for the life sciences sector reached $2.5 billion in 195 deals nationally for the second quarter of 2014, according to a new report by MoneyTree and PricewaterhouseCoopers, based on data provided by Thomson Reuters.

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California Economic Activity Index Is Up 0.4% in June

Comerica Bank’s California Economic Activity Index grew in June, advancing 0.4 percent to a level of 113.3.

Opponents of Minimum Wage Hike Begin Referendum Efforts

Opponents of an approved hike in San Diego’s minimum wage have begun circulating petitions to place the matter before voters, following City Council’s recent override of a mayoral veto.

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Fenway Properties Obtains $7.1M Loan for Office Renovation in Oceanside

Investment firm Fenway Properties of San Diego has obtained $7.1 million in financing for a planned renovation of Tri-City Corporate Towers in Oceanside.

Balboa Thrift and Loan Stays on Profitable Path of Car Loans

Balboa Thrift and Loan, based in Chula Vista and one of the last six thrift and loans in the state, just keeps on truckin’, racking up profits despite more competitors in its chosen niche — auto lending.

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San Diego Chargers' Worth Is Put at $995 Million

The value of the San Diego Chargers increased by $46 million or 5 percent over the past year to $995 million, according to the annual Forbes report on the National Football League.

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JMI Equity Closes $1 Billion Fund

JMI Equity, a private equity firm with offices in San Diego and Baltimore, said it closed its largest fund ever this week-— $1 billion for JMI VIII.

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Batu Biologics Completes $100,000 Crowdfunding

A San Diego-based immunotherapy company has successfully completed $100,000 of financing by utilizing an unusual fundraising approach — crowd funding.

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Jamba Juice ‘Hiring Day’ Recruitment Seeks 1,000 New Workers

Emeryville-based Jamba Juice Co. plans to hold a National Hiring Day on Aug. 21, recruiting in several California cities including San Diego as it seeks to add up to 1,000 new employees.

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Sanford-Burnham Medical Research Institute Names Nisen CEO

Sanford-Burnham Medical Research Institute’s board of trustees has appointed Perry Nisen as CEO and holder of the Donald Bren chief executive chair for the institute’s La Jolla-based headquarters.