San Diego Business Journal

SD FINANCE

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

New REIT Focused on Medical-Use Cannabis Facilities Plans $175M IPO

A new San Diego-based real estate investment company, focused on medical-use cannabis facilities and led by former BioMed Realty CEO Alan Gold, has filed for a $175 million initial public offering of its common stock.

Encore Capital Group Reports Q3 Results

The largest buyer of defaulted credit card debt, San Diego’s Encore Capital Group Inc., reported this week that its third-quarter revenue was $179 million, down about 36 percent year-over-year from $279 million.

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Team Effort Takes on Ovarian Cancer and Supports Patients

The Clearity Foundation’s fitness fundraiser, “All Out for Her,” raised awareness of ovarian cancer and exceeded the nonprofit’s $10,000 goal to raise more than $15,000 for the cause.

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Podcasts Let Us Listen In On Startup Community

Podcasting — once a fringe medium for devoted audio bloggers — has surged in popularity this year thanks to a few blockbuster shows edging into mainstream media.

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SaaS Co. Doctible Closes $2M Seed Round

Local software startup Doctible Inc. has closed a $2 million seed round and launched a more robust software-as-a-service product for health care providers.

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Zesty Taps Rich Vein of Influencer Content

Five years of bootstrapping and a recent $1 million funding round have put Zesty.io Inc. in a pretty good spot.

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BrightScope Acquired By New York Firm

FINANCE: Local Co. Approached Competitor About Working Together

After losing a bidding war with a larger company over a business they both wanted to buy, BrightScope Inc. CEO Mike Alfred decided: if you can’t beat ’em, join ’em.

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Benefunder Gives New Direction a Try

GIVING: It’s a Selling Point For Donor-Advised Funds

When philanthropists give money to research, they don’t always feel like they’re making an impact. Money disappears into a foundation or a fund, and donors are left disconnected from how that money is being used.

PrimeLending to Pay $1.6 Million to Settle Overcharge Allegations

PrimeLending, a Dallas-based non-bank residential mortgage lender and servicer with branches in San Diego and other California cities, will pay more than $1.6 million to settle allegations it overcharged hundreds of California borrowers for interest.

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Gala Provides Police With Some Valuable Backup on the Beat

K9 Crimefighters were celebrated in style at the San Diego Police Foundation’s 5th Annual Gold Shield Gala, which attracted 300 community leaders to the US Grant hotel. Net proceeds were more than $280,000, including a $50,000 donation from the D.W. Hearst Jr. Foundation.

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Founder of Findables Now Searching for Interested Investors

FINANCE: Owner Seeks Non-Traditional Funds For Tracking Technology

Serial entrepreneur Arie Trouw has sold more than 100,000 wireless trackers through his latest company, which makes small, faceted colorful tabs called Finders that use Bluetooth technology to track easily lost items, such as keys.

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Different Kind Of Seed Stage

Investors and entrepreneurs are starting to see green in the legal cannabis industry, but there’s more than one way to cash in on the lucrative market. And some ventures are riskier than others.

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$25 Million Gift is SDSU’s Largest; Endows Business School

EDUCATION: Fowlers’ Matching Donation Boosts Campaign to $750M Goal

Local philanthropist and San Diego Padres Executive Chairman Ron Fowler and his wife Alexis have pledged a $25 million endowment gift to San Diego State University’s College of Business Administration. University officials said the gift is the largest in SDSU’s 119-year history.

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Luna Grill Obtains $30M in Financing for Future Growth

Operators of the San Diego-headquartered Luna Grill restaurants have secured nearly $30 million in financing, to aid its ongoing growth strategy. The fast-casual eatery has 29 current locations, with another 18 in the pipeline for 2017.

Homes Prices Edge up 5.9 Percent Since September 2015

San Diego County home prices rose half a percent in September and are expected to register nearly as big an increase (0.4 percent) in October, according to a Nov. 1 report by Irvine-based financial information provider CoreLogic Inc.