San Diego Business Journal

SD FINANCE

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

Chuze Hopes Discount Users Pump Up Premium Memberships

SPORT: Private Equity Backs Expansion; Gym Stresses Customer ServiceThe early life of locally based gym chain Chuze Fitness can be summed up in its discount pricing strategy: Sure there’s more to the company’s approach, but mainly it grew by charging the relatively low price of $9.99 per month, or $20 for premium memberships, to attract large numbers of customers.

By John Cox September 22, 2016 3:47 p.m.   $$ Share

CDC Small Business Finance to Receive Grant From MUFG Union Bank Foundation

CDC Small Business Finance, the San Diego-based not-for-profit lender, has received a $150,000 grant from the MUFG Union Bank Foundation to provide advising services to small businesses.

California Association of Realtors Offers Predictions for 2017 Housing Market

Despite a shortage of homes for sale and mounting affordability concerns, California’s housing market will rebound slightly from 2016’s dip in sales activity to post a nominal increase in volume next year, the California Association of Realtors predicted in a report issued Sept. 29.

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VC Podcast Has Local Focus

Neal Bloom, an organizer of San Diego Startup Week (and the guy who knows everybody in S.D.’s local tech sector), has launched a new podcast for entrepreneurs and investors.

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Know the Rules of The VC Funding Road

Terry Moore is one of the few venture capitalists in San Diego who’s stuck around for the region’s ups and downs. Now, as the region is primed for an uptick in startup activity, he’s upping his fund by tens of millions of dollars.

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Financial Executives Make Successful Fundraising Drives

San Diego-based USE Credit Union executives Jim Harris, Ken Kramer, Matt Adams and Josh Lawrence came in second at the Richard Myles Johnson Foundation/CUNA Mutual Golf Tournament held recently in Newport Beach.

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Acquisition Gives PR Firm Stronger Footing in Fintech

FINANCE: KCD Public Relations Inc. Sees Growing Client Base as Disruptors Target Market

A Little Italy-based public relations firm has acquired a fintech-focused PR company as part of its shift toward working with more tech startups.

RippleNami Inc. Chosen for Seed Startup Accelerator Program

San Diego-based startup RippleNami Inc. announced it has been selected to participate in a seed startup accelerator program run by St. Louis, Missouri-based Capital Innovators.

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Coworking Leader WeWork to Occupy Six Floors of Downtown Building

New York City-based WeWork announced Tuesday that it will open a 90,000-square-foot coworking facility in the heart of downtown San Diego.

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Downtown Apartment Tower’s Developer Gets $135M in Refinancing

The developer of the 484-unit Pinnacle on the Park, Phase 1, has obtained $135 million in refinancing for the apartment property in downtown San Diego, according to brokerage firm Kidder Mathews, which arranged the financing.

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Phil’s BBQ Serves BBBS and Community at Annual Barbecue

Phil’s BBQ Inc. and Big Brothers Big Sisters of San Diego County raised more than $80,000 with 2,652 attendees at the eighth annual Phil’s Big BBQ at the Ballpark. More than 100 Phil’s BBQ employees donated their time to set up and run the event at Petco Park.

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How to Connect With Investors

…off the beaten path tips from Cody Barbo, CEO and founder of tech startup Industry

A decade ago, introductions to investors would start with countless phone calls, emails or — in a perfect world — a mutual connection. Those elements are still important to landing big money, but today the whole process often starts on social media.

Local Realtors Fall Victim to a Different Kind of 'Identity Theft'

Two innocent San Diego Realtors have gotten caught up in an apparent venture capital scam exposed in an intriguing story published online at Fortune.com.

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Del Taco Restaurants Inc. Signs Franchisee for Five Upcoming San Diego Locations

Del Taco Restaurants Inc. has signed an agreement with Rancho Cucamonga-based franchisee Bajwa Group, which plans to open five new San Diego County locations by 2020. Financial terms were not disclosed, and locations have not been announced.

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Work Of Heart

Social Conscience Meets Social Life In Neqtr’s Matchmaking App

Startups are not for the fainthearted. You have to hear the word “no” 50 times before getting anywhere, Sonya Davis observed. She was talking about scraping together money for a seed round, but the process of putting oneself out there and risking rejection has eerie echoes of the dating scene.

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KCD PR Acquires Wall & Broadway

San Diego-based public relations and marketing agency KCD PR has acquired Wall & Broadway, a boutique consulting firm that specializes in clients in the fintech sector, the company announced this week.