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

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.

San Diego Architecture Firms AVRP, Skyport Studio Merge

San Diego architecture and design firms AVRP Studios and Skyport Studio announced that they have merged, with the combined company now called AVRP Skyport Studios.

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Wendy Wong Named Guild Mortgage's First Chief Marketing Officer

Independent mortgage lender Guild Mortgage Company said Wednesday it has hired Wendy Wong as its first chief marketing officer and senior vice president.

Business Confidence Hits 3-Year Low in Chamber Survey

Optimism among San Diego County employers hit a three-year low in August as a number of companies participating in a local survey indicated they would offer employees fewer work hours as summer ends, according to a forecast released Sept. 20 by the San Diego Regional Chamber of Commerce.

North Island Credit Union Formally Opens New Branch

North Island Credit Union is slated to debut its new full-service branch Tuesday in the Mr. A's building in Bankers Hill.

County's Unemployment Rate for August Is 5%

Despite a net loss of 1,300 jobs, San Diego County’s jobless rate improved in August to a seasonally unadjusted 5 percent as gains in real estate, trade, transportation and warehouse helped make up for losses construction manufacturing and hospitality.

DeskHub Expands Its Coworking Space in Little Italy

Coworking space DeskHub on Sept. 16 expanded its San Diego location in Little Italy by roughly 50 percent, opening 8,000 square feet of new office space.