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...

Behind the Innovation Is Lots of Patent Power

ECONOMY: IP Prowess Seen In Region’s Rankings

If patents are a measure of brainpower, the region is awash in gray matter.

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The Aftermath

What Price Would S.D. Pay If the Chargers Leave Town?

San Diego native Rafael Alvarez remembers coming across a homeless person in Barrio Logan a few years back, and recalls that despite having a hard life, the man proudly sported a San Diego Chargers cap.

County Retirement Board Ends Agreement With Outside Investment Firm

The board in charge of the San Diego County Employees Retirement Association voted Thursday to formally end its agreement with investment managers Salient Partners after hiring an internal investment officer to take over management of the $10.6 billion fund.

Seacoast Commerce Reports Q2 Net Income of $1.4 Million

Second-quarter net income for Seacoast Commerce Banc Holdings, the parent company for Seacoast Commerce Bank, rose nearly a $1 million since last year, to $1.4 million, the company’s 20th consecutive quarterly profit.

Foreclosures Down 4 Percent Over Last Year

San Diego saw 1,735 completed foreclosures in the year ending in May, down about 4 percent from 1,809 the year before, as foreclosures dropped sharply nationwide, according to data from CoreLogic.

Growing Pains

ECONOMY: Rapid Growth Can Bring New Concerns, Distractions

Doubling or even tripling revenues in just two years is a dream for many entrepreneurs, a sign they correctly spotted an unmet need and that their business could soon be an unqualified success.

TearLab Is Moving Its Headquarters to Texas

ECONOMY: Company Appoints Executive Wes Brazell CFO

Yet another San Diego company is moving to Texas.

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New CEO Is Seeking Recognition for Port of San Diego

ECONOMY: Job Requires Balancing Diverse Interests

Randa J. Coniglio has lived in San Diego all her life, but the new top executive at the Port of San Diego said she didn’t become aware of the port’s scope and importance until age 40.

San Diego Exported $18.6 Billion in Goods in 2014

San Diego exported a record $18.6 billion worth of goods last year, up about $700 million from 2013, the U.S. Department of Commerce said Thursday.

Dawn Martin Named Senior VP of HR at San Diego County Credit Union

San Diego County Credit Union has named Dawn Martin as its senior vice president of human resources, the company said Thursday.

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Verizon Takes Large Space at Sorrento Mesa Office Campus

Telecommunications giant Verizon Communications Inc. has leased 110,000 square feet of space at the recently renovated Enclave Sorrento office campus in Sorrento Mesa, according to brokerage company JLL.

Survey Finds CEOs Expect Slowdown in Hiring

CEOs plan on adding fewer workers to their payroll despite cautious optimism about economic improvement, according to the second quarter 2015 Vistage CEO Confidence Index Survey.

Federal Reserve Awards Seacoast Commerce Bank 'Outstanding' Rating

The Federal Reserve Bank has awarded San Diego-based Seacoast Commerce Bank the highest rating possible for meeting the credit needs of the local community, Seacoast said Wednesday.

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Hughes Marino Joins New Global Tenant-Focused Real Estate Group

Commercial real estate services provider Hughes Marino Inc. of San Diego has joined Exis, a global business organization focused exclusively on tenant representation.

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Five-Building Carlsbad Office Portfolio Sells for $48.85 Million

An affiliate of Beverly, Mass.-based Brookwood Financial Partners LLC has purchased a five-building Carlsbad office portfolio for $48.85 million, according to CoStar Group and public data.