San Diego Business Journal

Fresh Healthy Vending Sites 115 Machines in December

Fresh Healthy Vending International Inc., a San Diego franchisor of vending machines of healthy snacks, said it completed the procurement of 115 new locations for its machines across the country in December.

Strategic Wealth Management Division Launched by Canter Cos.

Canter Cos., a San Diego full-service investment and real estate firm founded in 2007, launched a new division, Canter Strategic Wealth Management, which aims to bridge the gap between real estate services and investment opportunities.

When It Comes to Auto Loans, Credit Unions Are On Board

FINANCE: Auto Lending Up 44% At Local Institutions

Credit unions are benefiting from a national trend of consumers replacing their aging vehicles and borrowing money at historically low interest rates.

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Mortgage Assurance

Local Credit Unions See Growing Market For Mortgage, Home Equity Lending

Once known primarily for making auto loans, more credit unions are expanding their mortgage lending, taking up some of the slack created from banks exiting the business.

Healthy North Island Credit Union Ready to Ramp Up Lending

Like a lot of businesses, North Island Credit Union (NICU) has been through some difficult times.

Mayor Faulconer Forms Committee, Pledges to Resolve Stadium Issue

CIVIC: Speech Touches On Business, Education And Basic Infrastructure

San Diego Mayor Kevin Faulconer pulled a page from former Mayor Dick Murphy’s playbook in his Jan. 14 State of the City address, saying he will form a group of civic leaders to study the Chargers stadium issue.

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Style and Security Pay Off With High-Tech Billfold, iWallet

TECH: Accessory Alerts Owner If the Two Get Separated

Few things in life cause as much anxiety as losing a wallet, but a San Diego business has come up with a device that makes that experience less likely.

Canter Cos. Launches Wealth Management Division

Canter Cos., a San Diego full-service investment and real estate firm founded in 2007, launched a new division, Canter Strategic Wealth Management, which aims to bridge the gap between real estate services and investment opportunities.

Major League Baseball Awards San Diego 2016 All-Star Game

Major League Baseball announced that the 2016 All-Star Game will be held at Petco Park, an event the San Diego Padres have been lobbying for over several years.

Mayor Forms Committee, Pledges to Resolve Chargers Issue

San Diego Mayor Kevin Faulconer pulled a page from former Mayor Dick Murphy’s playbook in his Jan. 14 State of the City address, saying he will form a group of civic leaders to study the Chargers stadium issue.

Median Home Price Increases to $440,000 in December

San Diego’s median price for a house increased by $10,000 from November to December to $440,000. That was 4.8 percent above the median price in December 2013, according to CoreLogic Dataquick.

Guild Mortgage Opens Operations Center in Reno, Nev.

Guild Mortgage Co., the San Diego private mortgage bank, said it opened an operations center in Reno, Nev.

Reven Housing Acquires 76 houses in Florida, Tennessee

Reven Housing REIT Inc., a real estate investment trust based in La Jolla, said it acquired 76 single family houses in 15 separate transactions in the Jacksonville, Fla. and Memphis, Tenn. areas last month.

Software Firm Parallel 6 Acquires The Agency San Diego

Parallel 6, a San Diego software firm specializing in mobile management engagement, said it acquired The Agency San Diego, a marketing design firm, for an undisclosed price.

Median Home Price Jumped 9 Percent in 2014 to $495,000

San Diego’s median price on previously owned houses increased 9 percent in 2014, not as dramatic as the 20 percent jump in 2013, but more sustainable and realistic, according to the Greater San Diego Association of Realtors.

Encore Capital Agrees to Settlement with New York AG's Office

Encore Capital Group Inc., the San Diego buyer and collector of charged off credit card debt, agreed to a settlement with the New York State Attorney General’s office over allegations of using improper debt collection methods against thousands of New York consumers, the office said.

Bank Ratings Don’t Always Provide Perfect Picture of Institutions

At the end of last month, Seacoast Commerce Bank in Rancho Bernardo put out a release trumpeting the fact that it received a 5-star, Superior rating, the highest possible, from Bauer Financial Inc., a nationally recognized bank-rating firm that many consumers use to determine the safety and strength of a bank.

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Recovery to Keep Rolling in 2015

ECONOMY: Experts See Competition for Workers

A recurring theme at the San Diego Business Journal’s 2015 Economic Trends Event centered on a refreshingly direct result of expanding national and regional economies — hiring and keeping the region’s abundance of top talent.

WD-40 Reports First-Quarter Net Income of $10.8 Million

WD-40 Co., the San Diego maker of household products, reported 2015 first-quarter net income of $10.8 million, down 6 percent from the like quarter of the prior fiscal year.

Professional Hockey Team Reportedly Coming to San Diego

San Diego hockey fans, your long wait may be over.

Ceremony Celebrates Murata's Purchase of Peregrine

Peregrine Semiconductor Corp., the San Diego maker of chips used in wireless devices and networks and now owned by Murata Electronics North America, held an opening ceremony on Wednesday to celebrate last month's closing of the Murata acquisition.

Express Employment to Add Five More Offices in San Diego

Express Employment Professionals, a franchised staffing company based in Oklahoma City, Okla., said it plans to open five more offices in San Diego to expand from its current base of three.

IDW Publishing Acquires Georgia-Based Top Shelf Productions

IDW Publishing Inc., a San Diego publisher of comic books and graphic novels, said it acquired Top Shelf Productions, a Georgia-based publisher of graphic novels for an undisclosed price.

County Treasurer/Tax Collector Sworn in for Fourth Term

Dan McAllister was sworn in for his fourth term as the San Diego County Treasurer-Tax Collector on Jan. 5.

Rams Owner, Developer Join to Build Stadium in Los Angeles

The owner of the St. Louis Rams, Stan Kroenke, is joining forces with Stockbridge Capital Group, the owners of Hollywood Park, to build an 80,000-seat stadium to bring the Rams back to the Los Angeles area in Inglewood, according to the Los Angeles Times.

New York-Based NeuLion to Acquire DivX

DivX LLC, a San Diego maker of video compression software, said it signed a definitive agreement to be acquired by NeuLion Inc., a New York-based provider of live and on-demand content to Internet connected devices.

Despite Market’s Stability, Homebuyers Are Still Facing Hurdles

PROPERTY: Lending Constraints, Prices Keep Many on Sideline

It was another year of housing stability in San Diego in 2014, as economic fundamentals took hold, price appreciation slowed, and mortgage rates remained at historic lows.

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Manufacturing Finds More Firm Footing Across the County

PRODUCTION: Region Sees Gains in Variety of Sectors and Specialties

Nassco, the San Diego shipbuilding unit of General Dynamics, held a steel-cutting ceremony last month marking the beginning of work on the second of five oil tankers it is building.

High-Tech, Health Care Fuel Local Job Growth

economy: Some Sectors Stronger Than Others

Now in its sixth year, the economic recovery in San Diego appears to be picking up steam — finally. But as everyone knows, this recovery has been one of the slowest in history, and not all are enjoying the gains.

Turtle Beach Corp. to Save $400,000 Annually With Loan Amendment

Turtle Beach Corp., a San Diego designer and marketer of audio products such as headsets used with video games, said it entered into an amendment of its loan agreement with the Bank of America that will result in the company saving about $400,000 annually.

Housing Prices Up 4.7 Percent From October 2013 to October 2014

An index measuring housing prices nationally showed San Diego’s prices increased 4.7 percent over a 12-month period from October 2013 to October 2014, or slightly better than a composite index for the 20 largest cities, which finished up 4.5 percent over the same period.

BofI Federal Bank Enters Into Purchase Agreement

BofI Federal Bank, San Diego’s second-largest commercial bank, said it entered into a purchase agreement with Union Federal Savings Bank, based in Rhode Island, and its parent company, First Marblehead Corp., for about $125 million of deposits.

Sphere 3D Corp. Enters Agreement With Microsoft

Sphere 3D Corp., which completed its acquisition of San Diego’s Overland Storage earlier this month, said it entered into a multi-year agreement with Microsoft Corp. allowing the pre-installation of Windows embedded server software in appliances using Sphere 3D’s Glassware 2.0 virtualization technology.

Port of San Diego Hires Search Firm to Recruit CEO Candidates

The Port of San Diego said it hired New York executive search firm Boyden to recruit and screen candidates for the agency’s vacant president/chief executive officer position.

AMN Healthcare Acquires Nebraska Company

AMN Healthcare Services Inc., the San Diego-based medical staffing firm, said it acquired Avantas, an Omaha, Neb. firm that provides clinical management services, for a price that could reach $25 million.

West Partners Completes Follow-On Investment in NoteVault

West Partners, the investment arm of the Gary & Mary West Family Office, completed a follow-on investment in NoteVault Inc., a San Diego provider of voice-to-text-based mobile reporting solutions for the engineering and construction industry.

Ben Alvarado Named Regional President of Wells Fargo's SoCal Region

Wells Fargo & Co. said it named Ben Alvarado as regional president of the bank’s Southern California region, serving customers in San Diego, Orange and Imperial counties.

San Diego County Unemployment Rate Remains 5.8% in November

San Diego’s unemployment rate stayed flat in November from the prior month, at 5.8 percent, but well below the year-ago jobless rate of 7 percent, the state Employment Development Department said.

Dodd-Frank Change Not the Death Knell of Banking Reform

Wall Street banks got an early Christmas present from Washington, according to some headline writers earlier this month.

County Unemployment Rate Remains 5.8% in November

San Diego’s unemployment rate stayed flat in November from the prior month, at 5.8 percent, but well below the year-ago jobless rate of 7 percent, the state Employment Department said.

Connequity’s Platform Introduces Matchmaking for Networking

SOFTWARE: Company Uses Algorithm to Generate Warm Leads for Clients

Connequity, a newly launched online platform, hopes to take business networking to a new level.

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For ecoATM, Change Brings Opportunity

TECH: Acquisition Doesn’t Dampen Company’s Drive

When Outerwall Inc. acquired San Diego startup ecoATM last year, it promised to keep the operation here and grow it.

Bumble Bee Agrees to $1.51 Billion Sale to Thai Union Frozen

San Diego-based Bumble Bee Seafoods LLC, one of the world’s largest seafood purveyors, said it agreed to be acquired by Thai Union Frozen Products Public Company Ltd, for $1.51 billion.

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Chamber of Commerce Extends Contract With CEO Jerry Sanders

Jerry Sanders agreed to continue to work as president and CEO for the San Diego Regional Chamber of Commerce at least through 2017, the chamber said Thursday.

General Dynamics Nassco Opens Facility in Bremerton, Wash.

General Dynamics Nassco, which operates the largest shipbuilding site on the West Coast in San Diego and employs more than 3,000 here, said it recently opened a new repair and maintenance facility in Bremerton, Wash.

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Leslie Larranaga-Britt Named Executive Director of Mile of Cars

The National City Mile of Cars named Leslie Larranaga-Britt as its new executive director.

San Diego Chargers to Stay Put for 2015 Season

The San Diego Chargers said the team will remain at Qualcomm Stadium for the 2015 season, putting to rest rumors that last week’s loss to the Denver Broncos was the last time fans could see them play here.

Teradata Corp. Completes Acquisition of RainStor

Teradata Corp., an Ohio-based public company with about 1,000 employees in Rancho Bernardo, said it completed the acquisition of RainStor, a business specializing in online big data archiving.

Business Confidence Rose in November, Index Finds

A Business Outlook Index for San Diego, a measure of local business confidence prepared for the San Diego Regional Chamber of Commerce, increased 2 points in November over the prior month to 26.8, led by a hefty rise from businesses in the cyber security industry.

Median Home Price in November Was $430,000

The median price for houses sold last month in San Diego County was $430,000, down 2.2 percent from October, but up 3.6 percent from November 2013, according to the most recent CoreLogic Dataquick real estate report.

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