San Diego Business Journal

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

Fund Aims to Connect S.D. Biotech to China

Venture Capital: China’s Money, Manufacturing are Key

Lauded San Diego philanthropist Malin Burnham has teamed with Tom Gephart, an old-school venture capitalist, to launch a $200 million “Cross-Border Innovation Fund,” aiming to finance 10 to 20 startups with money largely from China.

Mind Solutions Receives $1 Million Funding Commitment

Mind Solutions Inc., a San Diego company developing a headset that can operate smartphones and tablets through "mind power," said it received a $1 million funding commitment from an unnamed source, allowing it to further the development of its proprietary mobile headset.

West Partners Invests in Carlsbad Tech Company

West Partners said it recently closed an investment in NoteVault Inc., a Carlsbad-based technology company. The amount of the investment was not disclosed.

Vistage Survey Finds Firms Planning to Hire

Fifty-eight percent of businesses surveyed for the first-quarter Vistage CEO Confidence Index plan to hire in the year ahead.

LPL Celebrates New Digs, 'the Largest Net-Zero Energy' Commercial Office in U.S.

LPL Financial LLC, the independent broker-dealer that has about 2,000 employees here, celebrated the opening of its 13-floor, new office tower in the University Towne Center neighborhood April 2.

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Realty Income Stock Offering Raises $528.5 Million

Realty Income Corp. (NYSE: O) has closed on a public stock offering that raised approximately $528.5 million in net proceeds, after underwriters exercised options to purchase an additional 1.8 million shares, company officials said.

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Downtown Office Building Sells for $5.3 million

Rossi-Kettner LLC of Long Beach has purchased a downtown office building for $5.3 million, according to CoStar Group and public data.

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Spring Valley Apartment Community Sold for $5.65 Million

Doug Wetton Properties Inc. of Newport Beach has acquired the 46-unit Kenora Terrace apartment community in Spring Valley for $5.65 million, according to real estate services provider HFF Inc., which represented the seller.

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Realty Income Stock Offering Is Expected to Raise $459.5 Million

Escondido-based Realty Income Corp. (NYSE: O) has commenced a public stock offering expected to bring net proceeds of approximately $459.5 million.

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Oceanside Retail Center Sold for $12.6M

Doerken Properties Inc. of Santa Monica has purchased the Flags on Mission Shopping Center in Oceanside for $12.6 million, according to brokerage company Lee & Associates, which represented the buyer and seller.

Credit Rating for a San Diego-Based Auto Insurer Is Downgraded

A.M. Best, a New Jersey-based firm that rates the financial health of insurers, said it downgraded the issuer credit rating for San Diego-based auto insurer Anchor General Insurance Co. from bbb+ to bbb, and affirmed the financial strength rating at B++ (Good).

Credit Rating for San Diego-Based Auto Insurer Is Downgraded

A.M. Best, a New Jersey-based firm that rates the financial health of insurers, said it downgraded the issuer credit rating for San Diego-based auto insurer Anchor General Insurance Co. from bbb+ to bbb, and affirmed the financial strength rating at B++ (Good).

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Realty Income Stock Offering Expected to Raise $459.5 Million

Escondido-based Realty Income Corp. (NYSE: O) has commenced a public stock offering expected to bring net proceeds of approximately $459.5 million.

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Businesses Embrace Working in San Diego’s Dynamic Urban Core

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.

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It Takes an East Village, a Little Italy, a Gaslamp...

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.