San Diego Archives

Business

Realty Income Closes 12.075 Million Share Common Stock Offering

SAN DIEGO, CA (STL.News) Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, today announced the closing of a 12,075,000 share public common stock offering, which includes the underwriters' option to purchase up to 1,575,000 additional shares of common stock which, as of January 13, 2021, was fully exercised. Net proceeds from the offering, including the exercised underwriters' option of 1,575,000 shares, after underwriting discounts and commissions, but before deducting other offering expenses, are approximately $669.6 million. The joint book-running managers for the offering are BofA Securities, Morgan Stanley, Wells Fargo Securities and Citigroup. The company intends to use net proceeds from the offering, along with available cash and additional borro...

General

Aleksandar Sreckovic Pleads Guilty – Employment Tax Fraud

Aleksandar Sreckovic Caused Tax Loss of More Than $1.5 Million (STL.News) The manager of the San Diego Home Cooking restaurant chain pleaded guilty today to employment tax fraud, announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Justice Department’s Tax Division and U.S. Attorney Robert S. Brewer Jr. for the Southern District of California. According to court documents and statements made in court, Aleksandar Sreckovic was a manager for San Diego Home Cooking, a restaurant group with over 110 employees and five restaurants in the San Diego area, including Café 56 & Bar and Mission Valley Café & Bar in San Diego, Lake Murray Café in La Mesa, Lakeside Café in Lakeside, and Centre City Café in Escondido. Sreckovic had significant control over the f...

General

U.S. Attorney, District Attorney Warn Violence Won’t be Tolerated

U.S. Attorney, District Attorney Warn Violence Won’t be Tolerated During Inauguration Protests Media Relations Director Kelly Thornton (619) 546-9726 or Kelly.Thornton@usdoj.gov NEWS RELEASE SUMMARY – January 13, 2021 SAN DIEGO (STL.News) U.S. Attorney Robert Brewer and San Diego County District Attorney Summer Stephan said today their offices will not tolerate violence during inauguration-related protests and will work closely with federal, state, and local partners to aggressively pursue those involved in criminal activity at such events in San Diego and Imperial counties. The FBI has received information indicating “armed protests” are being planned in all 50 states and the U.S. Capitol in Washington, D.C., in the days leading up to President-elect Joe Biden’s inauguration on Janu...

Business

Realty Income – Commencement of Common Stock Public Offering

SAN DIEGO, CA (STL.News) Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, today announced that it has commenced an underwritten public offering of 10,500,000 shares of common stock. The company also plans to grant the underwriters a 30-day option to purchase up to 1,575,000 additional shares of common stock. The joint book-running managers for the offering are BofA Securities, Morgan Stanley, Wells Fargo Securities and Citigroup. The company intends to use net proceeds from the offering, along with available cash and additional borrowings as necessary, to fund property acquisitions. As of January 8, 2021, the company had entered into agreements or letters of intent to acquire additional U.S. and U.K. properties with an aggregate estimated purchase pr...

Finance

Intuit TurboTax Live Brand Campaign Brings Tax Experts “Straight To You”

New campaign reinforces that with TurboTax Live people can file with the help of a tax expert or let a tax expert file for them SAN DIEGO, CA (STL.News) Today, TurboTax, the nation’s leading online tax preparation service from Intuit Inc. (Nasdaq: INTU), announces the launch of their 2021 brand campaign, “Straight To You.” The campaign brings to life the expertise of the company’s network of tax experts in an upbeat and engaging way, reinforcing that with TurboTax Live people can get as much or as little expertise as they need, so they can file with total confidence. “We know that taxes are not one size fits all. Every tax situation is unique and every individual's needs are different,” said Cathleen Ryan, VP of Marketing for TurboTax. “That’s why with TurboTax you can get the expert...

Business

Realty Income Provides Update On Rent Collection

SAN DIEGO, CA (STL.News) Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, today provided a business update regarding its contractual rent collection. Percentages of Contractual Rent Collected as of November 30, 2020 About Realty Income Realty Income, The Monthly Dividend Company®, is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 6,500 real estate properties owned under long-term lease agreements with commercial tenants. To date, the company has declared 605 consecutive common stock monthly dividends throughout its 51-year operating history and increased the dividend 108 times since Realty Income's publi...

General

San Diego: Dr. Jennings Ryan Staley Charged For Multiple Charges

Dr. Jennings Ryan Staley Selling COVID-19 “Cure” Charged With Lying to U.S. Customs, Stealing Employee’s Identity Assistant U. S. Attorneys Nicholas Pilchak (619) 546-9709 and Jaclyn Stahl (619) 546-8456 NEWS RELEASE SUMMARY – December 3, 2020 SAN DIEGO (STL.News) Dr. Jennings Ryan Staley, previously charged with one count of mail fraud, was indicted by a federal grand jury yesterday for additional crimes arising from his business venture selling COVID-19 “treatment kits,” which he advertised to one potential customer as a “miracle cure.” Staley is a licensed physician and the former operator of Skinny Beach Med Spas in and around San Diego. According to the new charges, which became publicly available today, Staley agreed with a Chinese supplier to smuggle hydroxychloroquine powde...

General

Federal Jury Convicts Rudy Alvarez – Pointing Laser at San Diego Police Helicopter

SAN DIEGO, CA (STL.News) Rudy Alvarez of Lemon Grove was convicted by a federal jury late yesterday for knowingly aiming the beam of a laser pointer at a San Diego Police helicopter as the aircraft flew over a protest in the wake of George Floyd’s death in Minneapolis. After a two-day trial, the jury deliberated for 2.5 hours before rendering its verdict. Alvarez is scheduled to be sentenced on February 22 at 9 a.m. before Chief U.S. District Judge Larry Burns. “This is a very important verdict,” said U.S. Attorney Robert Brewer. “This kind of crime could have a disastrous impact if a pilot’s sight is compromised. We support the Constitutional rights of free speech and assembly, but the rule of law must be respected. It’s there for a reason – to protect the public and law enforcement...

Business

604th Consecutive Common Stock Monthly Dividend Declared By Realty Income

SAN DIEGO, CA (STL.News) Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, today announced that its Board of Directors has declared the 604th consecutive common stock monthly dividend. The dividend amount of $0.2340 per share, representing an annualized amount of $2.808 per share, is payable on November 13, 2020 to shareholders of record as of November 2, 2020. The ex-dividend date for November's dividend is October 30, 2020. CLICK to VIEW SOURCE Syndication: DSN News USA News Today USBiz.Directory USBiz.News

Business

Realty Income Provides Business Update And Announces Third Quarter 2020 Earnings Release Date

SAN DIEGO, CA (STL.News) Realty Income Corporation (Realty Income) (NYSE: O), The Monthly Dividend Company®, today provided a business update regarding its contractual rent collection. NOTE: this is NOT the complete release. CLICK to VIEW COMPLETE RELEASE

General

San Diego; Chula Vista Couple Melissa Alvarez Torres and Jose Luis Olmos Hernandez Charged

San Diego; Chula Vista Couple Melissa Alvarez Torres and Jose Luis Olmos Hernandez Charged with Defrauding Pregnant Women and a California Medi-Cal Program (STL.News) – Melissa Alvarez Torres and Jose Luis Olmos Hernandez, a Chula Vista couple who operated what they claimed to be a private insurance sales company, made their initial appearances today in federal court on charges that they conspired to defraud hundreds of pregnant women and caused an estimated $1.6 million in losses to Medi-Cal, a government health care program. According to a complaint unsealed this afternoon, from 2016 through the present Alvarez and Olmos conspired to defraud the Medi-Cal Access Program (“MCAP”), a health care program administered by the California Department of Health Care Services and funded by state a...

Business

Realty Income Prices Debut Public Offering Of Sterling-Denominated Senior Unsecured Notes

SAN DIEGO, CA (STL.News) Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, today announced the pricing of a public offering of £400 million of 1.625% senior unsecured notes due December 15, 2030. The public offering price for the notes was 99.191% of the principal amount for an effective annual yield to maturity of 1.712%. The notes represent Realty Income's debut public issuance of unsecured notes denominated in British Pound Sterling (GBP). The net proceeds from this offering will be used to repay GBP-denominated borrowings outstanding under the company's $3.0 billion revolving credit facility, to settle an outstanding GBP/USD foreign exchange swap arrangement, and, to the extent not used for those purposes, to fund potential investment opportunities a...

General

San Diego; DOJ Awards $1 Million in Grants to San Diego County Organizations

San Diego; Department of Justice Awards $1 Million in Grants to San Diego County Organizations | USAO-SDCA (STL.News) – U.S. Attorney Robert Brewer announced today that the U.S. Department of Justice has awarded more than $1 million in grants to organizations based in San Diego County that provide resources to victims of domestic violence and sexual assault. San Diego-based Alliance for Hope International, led by former San Diego City Attorney Casey Gwinn, received $675,000; Valley Center-based Strong Hearted Native Women’s Coalition received $353,615. “These are significant grants that will help these organizations provide important services to our community,” said U.S. Attorney Robert Brewer. “This funding supports our goal to put an end to violence against women. These strong partne...

Politics

Governor Newsom Declares State of Emergency in Counties

California Governor Newsom Declares State of Emergency in Fresno, Madera, Mariposa, San Bernardino and San Diego Counties Due to Fire SACRAMENTO, CA (STL.News) California Governor Gavin Newsom late Sunday issued an emergency proclamation for the counties of Fresno, Madera and Mariposa due to the Creek Fire; for San Bernardino County due to the El Dorado Fire; and for San Diego County due to the Valley Fire. The fires have burned tens of thousands of acres, destroyed homes and caused the evacuation of thousands of residents. Governor Newsom has declared a statewide emergency due to the widespread fires and extreme weather conditions, and secured a Presidential Major Disaster Declaration to bolster the state’s emergency response to the Northern California wildfires. California has also se...

Business

Realty Income Announces $1.0 Billion Commercial Paper Program

SAN DIEGO, CA (STL.News) Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, today announced that it has established a U.S. dollar-denominated unsecured commercial paper program. Under the terms of the program, the company may issue from time to time unsecured commercial paper notes up to a maximum aggregate amount outstanding of $1.0 billion. The notes will be sold under customary terms in the United States commercial paper note market and will rank pari passu with all of the company's other unsecured senior indebtedness, including the company's outstanding senior notes and borrowings under the company's revolving credit facility. Note proceeds will be used for general corporate purposes. The company expects to use its $3.0 billion revolving credit facil...

General

San Diego Police Seeking Community Help on Felony Hit and Run Investigation

SAN DIEGO, CA (STL.News) The San Diego Police Department is seeking help from the community regarding a hit and run traffic collision which resulted in a man suffering life threatening injuries. On May 5, 2020 at about 7 p.m., a 56-year-old man was standing on the corner of Copeland Avenue and El Cajon Boulevard in the Kensington neighborhood. The light turned green for Copeland Avenue and the man began walking in the marked crosswalk when he was struck by a vehicle which ran a red light. The driver did not stop and continued west away from the collision scene. The vehicle is described as a late model white Ford Explorer. The driver’s description is unknown. The vehicle is missing the passenger side mirror. Anyone with information regarding the driver and/or vehicle is encouraged to c...

General

Drug Dealer Michael Steen Receives 12 year Sentence for Fentanyl Overdose Death

(STL.News) – Federal District Court Judge Gonzalo P. Curiel today sentenced defendant Michael Steen to 148 months in prison for supplying the fentanyl that led to a 33-year-old Ramona woman’s fatal overdose on July 9, 2018. On March 4, 2020, Steen pleaded guilty to Conspiracy to Distribute Fentanyl, and admitted he sold more than 500 grams of what he knew to be fentanyl in 2018. “The current fentanyl threat requires an “all in” response by law enforcement. My office is collaborating with partners at every level to seize fentanyl at the border, build cases against cartels and street distributors, and pursue death charges against dealers of this deadly poison,” said U.S. Attorney Robert Brewer. “If you are selling fentanyl, beware: as today’s sentence reflects, you will be held fully acc...

General

Woman Barbara Ross Sentenced to 18 Months in Prison

Woman Barbara Ross Sentenced to 18 Months in Prison for Assaulting Customs and Border Protection Officer (STL.News) – Barbara Ross was sentenced in federal court today to 18 months in prison for assaulting a Customs and Border Protection Officer at the San Ysidro Port of Entry on August 2, 2019. Ross, 39, was convicted by a federal jury following a two-day trial in January. According to evidence presented at trial, Ross attempted to enter the United States through a vehicle lane with her husband and two minor children in her car. When Customs and Border Protection Officer Robert Barragan attempted to ask Ross standard questions regarding her international travel, Ross became aggressive and threatening. Ross screamed profanities at Officer Barragan and refused to answer questions. Off...