San Diego Business Journal


Recent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...
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Developer Secures Equity Funding for $48 Million Little Italy Project

Locally based CityMark Development has obtained equity funding for a $48 million mixed-use apartment project previously announced for Little Italy, called Kettner Lofts, according to Fident Capital, which secured the financing.

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Scripps Gets $700K for Earthquake Detection and Warning System

Scripps Institution of Oceanography at University of California, San Diego received a gift of $700,000 from Seismic Warning Systems Inc., a private company that provides seismic detection and earthquake warning systems and services, in order to continue operating a key Southern California earthquake monitoring network.

BDO USA Is Acquiring Carlsbad-based CEA LLP

National accounting and consulting firm BDO USA LLP will acquire Carlsbad-based CEA LLP next month, expanding BDO’s staff to about 90 and making it the fifth-largest accounting firm in the county, the companies announced.

Ron Araujo Tapped to Lead Mission Federal's Service Organization

Ron Araujo, the chief financial officer for Mission Federal Credit Union, will soon step down to become president of Mission Fed’s service organization.

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Foundation Celebrates Four Decades of Doing Many Good Deeds

The San Diego Foundation celebrated 40 years of philanthropic leadership in the San Diego region at “A Walk in the Park” — a 40th anniversary event held recently at Balboa Park in honor of the park’s centennial. The foundation hosted more than 700 donors, partners and community leaders at the event, which included tours of Balboa Park cultural attractions and culminated with a celebration for invited guests at the San Diego Natural History Museum.

BDO USA Is Acquiring Carlsbad-based CEA LLP

FINANCE: BDO Says Acquisition Will Expand Its Specializations in S.D.

National accounting and consulting firm BDO USA LLP will acquire Carlsbad-based CEA LLP next month, expanding BDO’s staff to about 90 and making it the fifth-largest accounting firm in the county, the companies announced.

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Employers, Schools Still Missing Mark in Workforce Training

ECONOMY: Despite Need For Coordination, It’s Often Not a Priority

San Diego employers, schools and job training programs need to step up their collective efforts to better prepare the local workforce for careers in the region’s top sectors, including manufacturing, life sciences, technology, health care and clean energy, according to a recent report from San Diego Workforce Partnership (SDWP).

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Will Housing Shortage Send S.D.’s Middle Class Packing?

ECONOMY: Study Sees Unaffordability of Market Reaching Unsustainable Level

San Diego County’s housing market, one of the least affordable in the country, is in danger of falling even further behind, a San Diego Regional Chamber of Commerce-backed study said last week, with housing shortfalls potentially leading to economic stagnation.

Small Investors Given Big Opening By Rule

INVEST: Crowdfunding Risks Extend to the Businesses, too

Kickstarter and other crowdfunding sites gave businesses a new option for raising capital: Pitch a product or business plan, offer rewards based on donation tiers and potentially net millions of dollars. But while T-shirts and early access to products were go-to rewards, the one thing out of bounds was an ownership stake in the companies.

The Holiday Retail Forecasts Are Sunny

RETAIL: Stores Get Gift of 2 More Shopping Days

Barring unforeseen jolts to the national economy or consumer psyches, industry experts are predicting a strong 2015 holiday season for U.S. retailers and the shopping centers that house them.

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Changing The Roles

LEADERSHIP: Millennial Women Blend Work, Ideals And Passion Into Careers

Sitting in the corner of a chocolate shop in Encinitas, four millennial women crowd around a small table. They are schooling me on everything from Maslow’s Hierarchy to the prevailing gender bias in corporate America. They interrupt each other often (and enthusiastically) as cups of hot chocolate teeter in their gesturing hands.

Report Says 9,000 Companies Left California Over Last 7 Years

A study by Spectrum Location Solutions found that within the last seven years, 9,000 businesses left California in favor of other locations. San Diego rated No. 5 for the most losses; Los Angeles topped the list.

Silvergate Bank Reports Q3 Net Income of $2.3 Million

La Jolla-based Silvergate Bank on Tuesday said its third-quarter net income more than doubled from the year before, rising 133 percent to $2.3 million.

Wealth Management Firm Hokanson Associates to Merge With Aspiriant

San Diego wealth management firm Hokanson Associates is merging with Los Angeles-based Aspiriant, the companies said Tuesday, in a deal expected to be completed by the end of December.

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UTC Campus Owner Gets $96.4 Million in Financing for Renovation

Owners of the Genesis at Campus Point office property in University Town Center have obtained $96.4 million in financing for a planned renovation of the four-building complex, according to real estate services provider HFF, which arranged the financing.