SD FINANCERecent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...
Escondido-based Realty Income Corp. (NYSE: O) has commenced a public stock offering expected to bring net proceeds of approximately $459.5 million.
ECONOMY: Downtown Is Attracting Technology Cos. And Other Startups
Downtown boosters long have been urging more companies to come to the city’s commercial center, but some businesses need no convincing.
Economy: Downtown’s Hot Spots Draw Residents; Now They Need Businesses
Chelsea Bakewell can’t picture living and working anyplace other than downtown San Diego.
The results of the biggest banks’ stress testing are in, and everyone passed except for Zions Bancorporation.
FINANCE: Global’s Buy Offers Under-Banked Purchasing Power
San Diego-based Global Analytics Holdings Inc., which operates a lending platform for the under-banked in the United Kingdom, bought an online business that enables employees to buy goods at zero interest and repay their debt through regular payroll deductions.
The Gary and Mary West Health Investment Fund made a series of announcements – most notably that the assets of Sense4Baby Inc., its smartphone-based pregnancy monitoring company, have been acquired by San Antonio’s AirStrip Technologies LP.
RuiYi Inc., a biotech based both in La Jolla and Shanghai, has received $15 million in Series B financing from a group of existing investors.
A San Diego City Council committee approved a ballot measure that would increase the minimum wage above the current statewide minimum for businesses operating here.
TakeLessons, which runs an online marketplace for people wanting to improve skills in a variety of fields, said on March 25 that it received $7 million in funding.
Assay Depot Inc., Carlsbad’s self-dubbed “Amazon.com for scientists,” has landed $3 million in Series B funding.
WD-40 Co. announced its quarterly dividend of 0.34 cents per share, payable April 30, 2014 to stockholders of record on April 11, 2014.
Jack in the Box Inc. completed a new five-year $800 million senior credit facility made up of a $600 million revolving credit line and a $200 million term loan.
Silvergate Bank has hired Dino D’Auria, a longtime San Diego commercial banker, as its chief banking officer and executive vice president.
Construction is complete for the new, $113 million University of California, San Diego Health Sciences Biomedical Research Facility.
Lab-testing product and services provider Phamatech Inc. of San Diego, recorded as JT & TP Investment LLC, has purchased a Carmel Mountain Ranch office building for $7.75 million, according to CoStar Group and public data.