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ECONOMY: Solutions Sought; Workforce Can’t Afford S.D.
Thirteen years ago, San Diego City Council declared the city was suffering from a housing emergency, with less than 25 percent of families able to afford a median-priced home, then worth $379,000.
An affiliate of property owner Emmes Group of Cos. has received $130 million in first mortgage debt to recapitalize 1 Columbia Place, its office tower at 401 W. A St. in downtown San Diego.
Oceanside-based Pacific Marine Credit Union said it had appointed the former president of Orange County’s Eagle Community Credit Union as Pacific Marine's CEO.
Unemployment in San Diego ticked up to 5.4 percent in July, up from 5 percent the month before, with the region losing about 2,500 industry jobs since June.
The San Diego Regional Chamber of Commerce’s Business Forecast fell in July to its lowest point in a year, though the Chamber said the decline from June was statistically insignificant.
Seacoast Commerce Bank announced two benchmarks on Thursday: it had more than $500 million in assets and had gotten over $1 billion in loans approved by the U.S. Small Business Administration.
LEADERSHIP: Entrepreneur Keeps an Eye Out for Opportunity and Helps Others Discover the Business World
Al Darnell Jr. is a serial entrepreneur. In the past decade, he’s started a half-dozen companies, including a cleaning service, a mortgage brokerage and a network of 25-cent gumball machines.
STARTUP: App Helps the Introverted and Others Make Connections at Conferences
Yuanyuan Zhou’s top computer science students not only have to put their minds to work. They need to get out there and shake some hands.
The ConAm Group of Companies (ConAm) has named Julie Brawn-Whitesides as its new executive vice president of property management, as the San Diego-based firm aims to grow its national multifamily property management portfolio.
Retail Opportunity Investments Corp., also known as ROIC, reported total revenue of $46.2 million for its second quarter ending June 30, up from $36.9 million in the year-ago quarter.
San Diego-based Events.com, an event management platform that facilitates the hosting and attending of events, and CrowdRise, an online platform dedicated exclusively to charitable fundraising, recently announced a partnership that will offer an integrated fundraising experience on one platform.
Spy Inc., the Carlsbad-based maker of glasses and goggles which come with an edgy attitude, reported a net loss of $516,000, or 4 cents per share, on net sales of $8.12 million in its second quarter, which ended June 30.
City and county leaders have put forward a revised financing plan, renderings and draft environmental impact report for a proposed Mission Valley stadium, aiming for a January public vote contingent on the San Diego Chargers returning to negotiations.
FINANCE: Conference Sees Long-Term Loans, Deposit Pictures Changing
Credit unions are preparing for a possible increase in Federal Reserve-controlled interest rates next month and the risk it could create for balance sheets with significant levels of long-term assets.
STARTUP: Efforts at Audio Being Made to ‘Catch Up’ To Video Performance
Put on a pair of virtual reality goggles and your eyes start playing tricks on you.