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Ryland revenues soar on higher home sales

A Ryland Group townhome development in Chanhassen, Minn. (Ryland Group media image)

By   2 hours ago

First-quarter profits at homebuilder The Ryland Group climbed 6.4 percent to $23.5 million, or 42 cents per share, as it sold more houses and at higher prices.

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J.D. Power buys online marketing metrics firm Korrelate

Acura's consumer website received the highest ranking in J.D. Power's manufacturer website evaluation study in 2013.( Acura media photo)

By   1 day ago

Westlake Village-based J.D. Power has purchased Korrelate, an Orlando-based digital marketing company that measures consumers’ online behaviors and links them to offline sales activity. T

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Industrial segments fuel record Q1 profits at Teledyne

By   1 day ago

Despite widespread defense cuts, industrial business drove record first-quarter sales and profits at Teledyne Technologies, prompting the Thousand Oaks-based industrial conglomerate to raise its full-year outlook.

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Amgen shares slide on lackluster Q1 profits

By   2 days ago

Shares of Amgen fell nearly 3 percent in late trading on Tuesday following a weaker-than-expected first quarter earnings report from the world’s biggest biotech company.

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The eyes have it when it comes to Medicare payouts

By   3 days ago

Of the 3,286 individual doctors in the Tri-Counties who billed Medicare for reimbursements in 2012, fewer than 1 percent received more than $1 million from the federal program.

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Lawsuit alleges Montecito man sold stocks despite FINRA ban

By   6 days ago

A Montecito man is facing allegations that he sold money-losing stock to clients and gave them flawed financial advice despite being banned from brokering securities by industry regulators. A lawsuit filed in Santa Barbara County Superior Court on April 3 alleges that Elias Argyropoulos and his Coast Village Road company, Prima Capital Group, assured investor […]

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Health care prices under scrutiny in Sansum-Cottage merger

Santa Barbara Cottage Hospital is part of Cottage Health System, which plans to merge with Sansum Clinic, a physician network. (Business Times file photo)

By   7 days ago

As the regulatory review of the proposed merger between Cottage Health System and Sansum Clinic  stretches to the six-month mark, a recent federal court ruling points out key issues that arise when a dominant hospital system buys a major physician group. In an Idaho case decided earlier this year, the Federal Trade Commission intensely focused […]

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A dose of kindness: Vitamin Angels celebrates 20 years

A Peruvian mother and her children in one of the communities that Santa Barbara-based nonprofit Vitamin Angels, which distributes nutrients, works with. (photo courtesy of Matt Dayka/Vitamin Angels)

By   7 days ago

  The 1994 Northridge Earthquake turned Howard Schiffer’s priorities upside-down. After spending years as an entrepreneur in the natural products industry, the earthquake’s aftermath, particularly among marginalized communities, left Schiffer feeling helpless. He was also forced to confront the broader impacts his merchandise could have on public health. Using his business connections to secure product […]

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Small Business View All →

Location, location is key to drought outlook for region’s vintners

By   7 days ago

California’s production of wine grapes is likely to decline this year after record yields in 2012 and 2013, but it’s uncertain whether the booming Central Coast will join in the slide.

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Artisan food vendors flock to Santa Barbara Public Market

Frederic and Dana Blaudeau, managers of  The Culture Counter in their soon-to-open space in the Santa Barbara Public Market. Their shop sells cheese, charcuterie and other artisan foods from around the world. (Nik Blaskovich / Business Times photo)

By   2 weeks ago

Vendors will offer sustainably and humanely-raised meat and poultry; vegetable and fruit juices pressed on site; fresh seafood; cheeses and salumi; cupcakes and cakes; olive oils and vinegars; and a wine and beer tasting bar.

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20 years of honoring innovation: Business & Technology honorees announced

Victor Schaff founded S&S Seeds, the only commercial grower of drought-resistant plants native to California. (Nik Blaskovich / Business Times photo)

By   2 weeks ago

The South Coast Business and Technology Awards, the largest business networking and educational fundraising event in the region, will honor a green packaging company, a drought-resistant seed company and a rescue equipment maker, among others, as it celebrates its 20th year.

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All fired up: PizzaRev joins with Buffalo Wild Wings on expansion

Elyse Doyle-Martinez, supervisor of the PizzaRev restaurant in Oxnard, places a pizza in the oven. Westlake Village-based PizzaRev is expanding across the country with 27 franchise deals currently in the works. (Nik Blaskovich / Business Times photo)

By   3 weeks ago

A large, publicly traded restaurant chain has grabbed a slice of Westlake Village-based PizzaRev in a bid to help the Southern California startup roll out nationwide.

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A soft touch for transit: CHK America builds interactive route maps for cities

CHK America CEO Rick Wood with one of the company’s new automated transit kiosks. The firm counts transit systems in Los Angeles, Chicago and Washington, D.C. among its clients. (Stephen Nellis / Business Times photo)

By   4 weeks ago

The first unit is being tested at the Santa Barbara MTD Transit Center, where the company will be refining the software that runs the system to make it as useful as possible to riders.

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AmeriFlex celebrates 25 years of helping entrepreneurs

By   4 weeks ago

After a quarter century in an industry that’s changed tremendously, AmeriFlex Financial Services is gearing up for its biggest year.

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Building on a green foundation: SLO interiors firm expands down the coast

Mikel Robertson and his brother, Brian, founded Green Goods in San Luis Obispo in 2005. The company, which supplies eco-friendly materials for building interiors, is expanding into Santa Barbara and Ventura counties. (Stephen Nellis / Business Times photo)

By   1 month ago

Green Goods is expanding from its San Luis Obispo base into Santa Barbara and Ventura counties.

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Feeling lucky? How small businesses can navigate Google’s new algorithm

A recent change in Google’s algorithm makes it more difficult for small businesses to come up in search results for nearby cities.

By   1 month ago

With a recent change to its search algorithms, Google has made it much harder for a plumber in Arroyo Grande to show up when a user searches for “San Luis Obispo plumber,” even though that business may have served the greater San Luis Obispo area for decades.

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Technology View All →

J.D. Power buys online marketing metrics firm Korrelate

Acura's consumer website received the highest ranking in J.D. Power's manufacturer website evaluation study in 2013.( Acura media photo)

By   1 day ago

Westlake Village-based J.D. Power has purchased Korrelate, an Orlando-based digital marketing company that measures consumers’ online behaviors and links them to offline sales activity. T

Read More →

Industrial segments fuel record Q1 profits at Teledyne

By   1 day ago

Despite widespread defense cuts, industrial business drove record first-quarter sales and profits at Teledyne Technologies, prompting the Thousand Oaks-based industrial conglomerate to raise its full-year outlook.

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Neurovision wins $30M jury verdict in trademark suit against NuVasive

By   2 weeks ago

The Neurovision case was unusual in that the jury agreed that the registration of the trademark was fraudulent. In order to prevent lawsuits over simple mistakes in trademark filings, the courts have set a high bar for finding fraud in registering a trademark. Errors or even negligence are not enough.

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Minicucci masterminds public listing for SMS

Alex Minicucci, CEO of San Luis Obispo-based SMS Masterminds. (Business Times file photo)

By   2 weeks ago

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Invoca snags Salesforce.com investment, launches new products

Employees of the call technology firm Invoca pose on the lawn of the Santa Barbara courthouse. The company recently added Silicon Valley giant Salesforce.com to its investment roster and is rolling out new products. (courtesy photo)

By   2 weeks ago

The company has raised more than $30.8 million to date, with the most recent round a $20 million infusion from Accel Partners.

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Clean Diesel raises $6.9M in stock offering

By   2 weeks ago

Clean Diesel Technologies has raised $6.9 million in a sale of common stock and warrants. The Ventura-based auto emissions technology firm said it sold about 2 million shares and warrants in a direct offering. The proceeds will be used for “general corporate purposes.”

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Invoca garners Salesforce.com investment, rolls out new technology

By   2 weeks ago

Santa Barbara-based inbound call technology firm Invoca has added Salesforce.com to its investor roster and released a new voice intelligence technology to help its customers decode incoming calls. Invoca’s software lets marketers generate unique phone numbers for campaigns and then route and track the calls and sales that result. The company has raised more than […]

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Lynda.com buys coding platform

By   2 weeks ago

Carpinteria-based online learning company Lynda.com has purchased Compilr, a Canadian firm that runs a cloud-based platform for programmers to write and test code. Terms of the deal were not announced, but TechCrunch said people close to the transaction valued it at around $20 million. Last year, Lynda.com raised $103 million in its first round of […]

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Real Estate View All →

Ryland revenues soar on higher home sales

A Ryland Group townhome development in Chanhassen, Minn. (Ryland Group media image)

By   2 hours ago

First-quarter profits at homebuilder The Ryland Group climbed 6.4 percent to $23.5 million, or 42 cents per share, as it sold more houses and at higher prices.

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A premium on historic Oxnard: Barkley buys Bank of A. Levy site

Al Barkley, left, and his son Griffin and wife Rebecca inside the historic Bank of A. Levy builing in downtown Oxnard. Al and Rebecca purchased and refurbished the property at 143 W Fifth St. and now lease it the family firm, Barkley Insurance & Risk Management.

By   7 days ago

A historic bank building in downtown Oxnard is now home to Barkley Insurance & Risk Management, a 20-year-old family firm.

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Hotel Oceana gets a new name as waterfront inns ready for boom

By   7 days ago

The 122-room property at 202 W. Cabrillo Blvd. was purchased last month by Philadelphia-based investment firm HHM for $41.7 million, including the assumption of $24.9 million in mortgage debt.

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Montecito’s Starbucks center sells for $14.5M

The 13,800-square-foot retail center at 1046 Coast Village Road in Montecito has been purchased by a local couple for $14.5 million. (Photo courtesy of Radius Commercial Real Estate & Investments)

By   2 weeks ago

  The Starbucks-anchored retail center at 1046 Coast Village Road in Montecito has been sold to a local couple for $14.5 million. Montecito residents Deborah and James Longo purchased the 13,800-square-foot property in an off-market deal, according to Radius Commercial Real Estate & Investments. Along with the coffee shop, the other long-term tenants at the […]

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Last indie grocer leaves SLO as Whole Foods buys New Frontiers

Austin-based natural grocer Whole Foods Market has purchased the New Frontiers store in San Luis Obispo for its first Central Coast location. (Whole Foods media photo)

By   3 weeks ago

The sale sets the stage for Whole Foods’ first Central Coast store but also marks the departure of San Luis Obispo’s last independently owned grocery chain.

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Coastal Commission sea-level rules could erode property rights

By   3 weeks ago

The seas are rising, threatening billions of dollars of California’s coastal real estate. But the question of whether property owners can armor against the waves or must fall back as their holdings wash away is at the heart of an obscure policy document making its way through the California Coastal Commission. The rules would require […]

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Vandenberg apartments sell in Lompoc area’s largest deal in 3 years

The Vandenberg Garden Apartments in Lompoc have been sold after listing for $14 million (image courtesy of Radius Commercial Real Estate & Investments)

By   3 weeks ago

  A 122-unit apartment complex near Vandenberg Air Force Base in Lompoc has been sold after listing for $14 million. The sale of the Vandenberg Garden Apartments marks the largest sale of multifamily property in north Santa Barbara County since La Vista in Santa Maria changed hands in 2011 for $42 million, according to Radius […]

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Whole Foods buys New Frontiers in SLO for first Central Coast store

Austin-based Whole Foods Market has purchased four New Frontiers stores, including the one in San Luis Obispo. Pictured, the inside of a Whole Foods store. (Whole Foods media photo)

By   3 weeks ago

  Grocery giant Whole Foods Market has purchased the New Frontiers Natural Marketplace in San Luis Obispo, setting the stage for its first Central Coast store. Austin-based Whole Foods announced on March 31 that it has purchased the New Frontiers stores in San Luis Obispo and in Flagstaff, Prescott and Sedona, Ariz. Terms of the […]

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Banking & Finance View All →

Ryland revenues soar on higher home sales

A Ryland Group townhome development in Chanhassen, Minn. (Ryland Group media image)

By   2 hours ago

First-quarter profits at homebuilder The Ryland Group climbed 6.4 percent to $23.5 million, or 42 cents per share, as it sold more houses and at higher prices.

Read More →

Industrial segments fuel record Q1 profits at Teledyne

By   1 day ago

Despite widespread defense cuts, industrial business drove record first-quarter sales and profits at Teledyne Technologies, prompting the Thousand Oaks-based industrial conglomerate to raise its full-year outlook.

Read More →

Amgen shares slide on lackluster Q1 profits

By   2 days ago

Shares of Amgen fell nearly 3 percent in late trading on Tuesday following a weaker-than-expected first quarter earnings report from the world’s biggest biotech company.

Read More →

Lawsuit alleges Montecito man sold stocks despite FINRA ban

By   6 days ago

A Montecito man is facing allegations that he sold money-losing stock to clients and gave them flawed financial advice despite being banned from brokering securities by industry regulators. A lawsuit filed in Santa Barbara County Superior Court on April 3 alleges that Elias Argyropoulos and his Coast Village Road company, Prima Capital Group, assured investor […]

Read More →

SBAM parent to sell to TIAA-CREF

By   1 week ago

New York-based TIAA-CREF is buying Nuveen Investments, the debt-saddled parent company of Santa Barbara Asset Management, for $6.3 billion.

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Clean Diesel raises $6.9M in stock offering

By   2 weeks ago

Clean Diesel Technologies has raised $6.9 million in a sale of common stock and warrants. The Ventura-based auto emissions technology firm said it sold about 2 million shares and warrants in a direct offering. The proceeds will be used for “general corporate purposes.”

Read More →

Select Staffing to shed debt, relinquish family control in Ch. 11

By   3 weeks ago

The reorganization will reduce the ownership stake held by the Sorensen family and ends a years-long search for a solution to the heavy debt load Select Staffing took on at the height of the credit bubble.

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SMS Masterminds raises $12.2M, becomes public

By   3 weeks ago

San Luis Obispo-based SMS Masterminds has raised $12.2 million through its parent company and will soon bring a new public company headquarters to the Central Coast.

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Opinion View All →

Without fishermen, region’s harbors and bistros would be poorer

Henry Dubroff

By   6 days ago

Fishing is really at the leading edge of the tourism culture. Just ask Ventura Harbor and Morro Bay, which have been trying to rebuild their tourism cred in part by reinvigorating their commercial fishing appeals and playing up their local seafood.

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Editorial: New Oxnard city manager has big to-do list to tackle

By   6 days ago

Greg Nyhoff will fill a void that’s existed since Ed Sotelo was put on paid leave early in 2012. That means Oxnard spent two years and four months with no one at the helm.

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Paso Robles wine pioneer sets out in pursuit of the $100 bottle

Henry Dubroff

By   2 weeks ago

Paso Robles winemaker Daniel Daou is pursuing the holy grail of California vintners: A cabernet sauvignon or Bordeaux that can reliably fetch $100 a bottle.

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Editorial: Unveiling the secrets of high-frequency trading

By   3 weeks ago

Michael Lewis doesn’t see himself as a business journalist.  “I like to write about markets,” he told a small group of his peers at a conference in Phoenix on March 28. With that simple, declarative sentence, Lewis dropped a subtle hint about his next exposé. Indeed, a few nights later on “60 Minutes,” Lewis made […]

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Business lessons learned from region’s largest corporate bankruptcy

By   3 weeks ago

At least in terms of revenue, Select is the largest company in the history of the Tri-Counties to seek Chapter 11 protection from creditors.

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Limoneira could lead water-efficiency push in California drought

By   4 weeks ago

One of the cool things about covering business in the Tri-Counties is that at least once a year we get a pretty close look at what’s happening at one of the region’s largest agribusiness holding companies. That’s because Santa Paula-based Limoneira Co., founded in 1893, happens to be a publicly traded company. The company began […]

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Editorial: Santa Barbara politicos trade places as fiscal clock ticks

By   4 weeks ago

Santa Barbara County Supervisor Peter Adam and Santa Barbara Mayor Helene Schneider are an unlikely political pairing.

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Op/ed: Putting the leadership into thought leadership

By   4 weeks ago

It’s becoming an increasingly important aspect of a company’s marketing strategy, but in my experience, many executives are uncomfortable about the idea of being thought leaders.

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