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Boxer, Feinstein, Markey demand answers over SB County oil spill

A California Highway Patrol officer warns volunteers who showed up May 20 to clean up oil near Refugio State Beach from a 21,000-gallon pipeline spill to leave the area because it was too hazardous.

Photo by Debra Giles

By   4 hours ago

U.S. Sens. Barbara Boxer, D-CA, Dianne Feinstein, D-CA, and Edward J. Markey, D-MA, on May 28 sent a letter to the Pipeline and Hazardous Materials Safety Administration calling for more information about the rupture of a pipeline The senators wrote, “Following one of the most devastating oil spills in California history, we need answers about […]

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Deckers posts record Q4 revenue, beats Wall Street expectations

By   1 hour ago

Goleta-based footwear and apparel company Deckers managed to smash Wall Street expectations in its fiscal 2015 fourth quarter earnings. The company recorded a $1.4 million profit for the quarter after posting a loss in the same period last year. Deckers also had record revenue of $340.6 million for the quarter, an increase of 15.6 percent […]

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Oil pipeline owners may face more than fines for Santa Barbara County spill

A California Highway Patrol officer warns volunteers who showed up May 20 to clean up oil near Refugio State Beach from a 21,000-gallon pipeline spill to leave the area because it was too hazardous.

Photo by Debra Giles

By   6 days ago

California Attorney General Kamala D. Harris on Friday said her office is actively working with the Santa Barbara District Attorney’s office and state and federal agencies to investigate the incident.

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Cal Poly gets $500,000 grant for technology park planning

Students on the campus of California Polytechnic State University San Luis Obispo (Cal Poly SLO) in San Luis Obispo, California, U.S., on Friday, September 20, 2013. Photographer: Patrick T. Fallon/Bloomberg

By   6 days ago

California Polytechnic University San Luis Obispo recently received $498,286 to further plan the expansion of its technology park.

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New ownership abruptly closes 70 Coco’s and Carrows restaurants, lays off staff

Coco's Bakery Restaurant in Camarillo. (Nik Blaskovich Photo)

By   6 days ago

  It happened almost overnight. More than 70 Coco’s Bakery Restaurants and Carrows Restaurants were shut down in the span of a few days in early April, including nearly every location in the Tri-Counties. Food Management Partners, the San Antonio-based firm that bought the chains in late March, closed the doors on many locations so […]

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Milo takes home top honors at UCSB’s New Venture Competition

Daniel Imberman (left) and Bob Lansdorp are a part of the Milo team that created an electronic wristband that processes sweat to monitor blood alcohol level. Milo took home a total of $20,000 at the UCSB New Venture Competition Thursday evening.

By   6 days ago

Six teams emerged from an initial 40 to vie for a pool of $41,500 in cash prizes at the competition, which has been around for 16 years and has produced companies like BioIQ, Phone Halo, Sirigen and Inogen.

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Craft brewing’s steady rise: StartupSB panel forecasts growth for boutique labels

Telegraph Brewery founder and CEO Brian Thompson says quality and business savy are the keys to success as a craft beer maker. (Nik Blaskovich Photo)

By   6 days ago

  Firestone Walker Brewing Co.’s flagship beer, 805, is the best thing that ever happened to Figueroa Mountain Brewing Co., according to Jaime Deitenhofer, founder of the growing Buellton-based label. The adoption of 805 by traditional macro-beer drinkers as their go-to adult beverage has given Fig Mountain and other startup craft breweries in the region […]

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Refugio oil spill raises important questions for South Coast

A California Highway Patrol officer warns volunteers who showed up May 20 to clean up oil near Refugio State Beach from a 21,000-gallon pipeline spill to leave the area because it was too hazardous.

Photo by Debra Giles

By   6 days ago

The estimated 105,000-gallon oil spill that will ruin Memorial Day for thousands of visitors to Refugio State Beach in Santa Barbara County is a reminder of how much environmental issues have become economic stories. Santa Barbara County is so heavily dependent on hotel-related taxes that it literally can’t afford the kind of environmental disaster that […]

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Small Business View All →

Craft brewing’s steady rise: StartupSB panel forecasts growth for boutique labels

Telegraph Brewery founder and CEO Brian Thompson says quality and business savy are the keys to success as a craft beer maker. (Nik Blaskovich Photo)

By   6 days ago

  Firestone Walker Brewing Co.’s flagship beer, 805, is the best thing that ever happened to Figueroa Mountain Brewing Co., according to Jaime Deitenhofer, founder of the growing Buellton-based label. The adoption of 805 by traditional macro-beer drinkers as their go-to adult beverage has given Fig Mountain and other startup craft breweries in the region […]

Read More →

SLO incubator expands, will accept non-Cal Poly startups

The HotHouse will more than double its space in downtown San Luis Obispo. (Courtesy photo)

By   2 months ago

After operating full-time for just over two years now, the program will move from its current 6,000-square-foot space to a 15,000-square-foot building in downtown San Luis Obipso.

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Ice cream venture thrives in small retail spaces

Rori’s employee Samantha Keyes-Levine prepares a double scoop ice cream cone at the creamery’s original Montecito location. (Nik Blaskovich / Business Times photo)

By   2 months ago

Rori’s Creamery has whipped up a plan for retail expansion.

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Santa Barbara startup to close crowdfunding’s missing link

By   2 months ago

GroupGets is an online platform that hopes to democratize access to high-tech components.

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Independent bookstores on decline as Granada Books shuts doors

Book Buyer Vanessa Arizmendi, left, and Children’s Coordinator Ellen Jue ring up customer purchases at Granada Books. (Nik Blaskovich / Business Times photo)

By   2 months ago

With the rise of book-selling giants like Borders and Barnes & Noble in the 1990s, followed by digitized selling popularized by Amazon in the new millennium, independently owned bookstores like Granada have become a rarity.

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Public market project celebrates one year

Jerry Lee, owner of Empty Bowl Gourmet Noodle Bar, runs the cash register as customers shop at the Santa Barbara Public Market. (Nik Blaskovich / Business Times photo)

By   2 months ago

Although patrons initially recoiled from sticker shock, the market continues to grind it out and some tenants are thriving.

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Navy turns to area firms for work at Surface Warfare Center

By   2 months ago

Officials from the testing and research facility told tri-county businesses during an industry forum on March 25 that it’s now sourcing nearly half of its work from area small businesses.

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SLO restaurateur rides a wave of business, tourism growth

Arroyo Grande’s Rooster Creek Tavern.

By   2 months ago

The city is building an impressive lineup of new restaurants, which are filling up vacant real estate.

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Technology View All →

Cal Poly gets $500,000 grant for technology park planning

Students on the campus of California Polytechnic State University San Luis Obispo (Cal Poly SLO) in San Luis Obispo, California, U.S., on Friday, September 20, 2013. Photographer: Patrick T. Fallon/Bloomberg

By   6 days ago

California Polytechnic University San Luis Obispo recently received $498,286 to further plan the expansion of its technology park.

Read More →

Milo takes home top honors at UCSB’s New Venture Competition

Daniel Imberman (left) and Bob Lansdorp are a part of the Milo team that created an electronic wristband that processes sweat to monitor blood alcohol level. Milo took home a total of $20,000 at the UCSB New Venture Competition Thursday evening.

By   6 days ago

Six teams emerged from an initial 40 to vie for a pool of $41,500 in cash prizes at the competition, which has been around for 16 years and has produced companies like BioIQ, Phone Halo, Sirigen and Inogen.

Read More →

AppFolio files for $100M IPO

Appfolio co-founder Klaus Schauser will be honored at The South Coast Business & Technology Awards in June. (Stephen Nellis photo)

By   1 week ago

  Goleta-based AppFolio filed with U.S. regulators May 18 for an initial public offering. The developer of cloud-based property management software listed $100 million as the initial fundraising target, however the size the IPO could change. The company did not stipulate how many shares it plans to sell. The move comes on the heels of […]

Read More →

Mindbody targets global expansion with IPO

Mindbody CEO Rick Stollmeyer. (Business Times file photo)

By   2 weeks ago

In a deal that’s been heralded as the first non-bank stock offering in decades for a company based in San Luis Obispo, Mindbody filed its offering statement with the Securities and Exchange Commission on May 11.

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South Coast Biz Tech Awards: 2015 winners include Nobel winner, startups and a zoo

By   4 weeks ago

A Nobel Prize winner, two recent IPOs, a cultural icon who knows how to innovate and a startup entrepreneur will be honored this year at the South Coast Business and Technology Awards. The Scholarship Foundation of Santa Barbara has announced that Nobel Laureate Shuji Nakamura, the founders of device makers Inogen and Sientra, the Santa […]

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Inogen earnings top Wall Street expectations again

InogenFoundersWEB

By   1 month ago

Inogen, the Goleta-based maker of direct-to-consumer respiratory products, on April 27 reported fourth-quarter profit of $1.5 million. The company said it had net income of 7 cents per share. Earnings, adjusted for pretax gains, were 6 cents per share. Inogen, which produces oxygen concentrators for patients suffering from chronic respiratory conditions, posted revenue of $29.1 […]

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Intel funding validates virtual reality business

The WorldViz virtual reality atmosphere is navigated by users using this wand.

By   1 month ago

This article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.

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Customer list, library drive $1.5B merger

Lynda.com Co-founder and Chief Innovation Officer Bruce Heavin and co-founder and Executive Chair Lynda Weinman at the company's Carpinteria headquarters. (Business Times file photo)

By   1 month ago

It is the second largest tech acquisition in the tri-county region’s history, after the $6.9 billion purchase of Santa Barbara-based Software.com.

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Real Estate View All →

Tri-Counties fertile ground for shopping center deals

By   6 days ago

Shopping centers continue to be a hot commodity on the South Coast as retail developments renovate and reposition with new tenants. Following the trend, Santa Barbara-based real estate firm Investec recently purchased the Village at Newbury Park, a power center  at 1015-1025 Broadbeck Drive in Thousand Oaks. The deal adds to Investec’s growing portfolio of […]

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AppFolio files for $100M IPO

Appfolio co-founder Klaus Schauser will be honored at The South Coast Business & Technology Awards in June. (Stephen Nellis photo)

By   1 week ago

  Goleta-based AppFolio filed with U.S. regulators May 18 for an initial public offering. The developer of cloud-based property management software listed $100 million as the initial fundraising target, however the size the IPO could change. The company did not stipulate how many shares it plans to sell. The move comes on the heels of […]

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Bureaucrats move in to locale where winery irked neighbors

By   2 weeks ago

The Department of General Services, business manager for the state on the Central Coast, will consolidate a handful of offices into a renovated warehouse just outside of downtown San Luis Obispo. DGS recently signed a $15.4 million, 15-year lease for the former home of The Workshop Urban Wine Collective, a custom crush winery operation at […]

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Global advisory firm invests with SB mixed-use project

By   3 weeks ago

SG, a Santa Barbara-based wealth adviser that lays claim to the largest insurance policy ever sold — $201 million to the unnamed CEO of a Silicon Valley public company — is investing its own capital at its current address. The company, working through agent John Donaldson, wants to demolish its current office building at 800 […]

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ERG Resources files bankruptcy, business for sale

By   3 weeks ago

ERG Resources, a Houston-based independent oil and gas with major operation in northern Santa Barbara County recently filed for Chapter 11 bankruptcy in Dallas. The company plans to sell the business. A Business Times previous report found that the company owed nearly $400 million on a loan with CLMG Corp., an agent holding lien on […]

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The knives come out at the Santa Barbara Public Market

By   4 weeks ago

In an update to the Business Times’ April 3 story on the trials and tribulations of the Santa Barbara Public Market, some tenant angst is starting to spill over. While a few tenants, including Rori’s Artisanal Ice Cream and Empty Bowl, are exceeding revenue expectations, at least one merchant feels misled by claims project developer […]

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Discovery expands north: Twins tap SLO to expand entertainment business

An interior rendering shows bowling lanes on the ground floor and mezzanine levels.

By   4 weeks ago

    Twin brothers Josh and Jeremy Pemberton are planning to expand their Ventura-based food and entertainment business to San Luis Obispo. The two own and operate Discovery Venues, and in late March, they submitted plans to redevelop the 24,500-square-foot former Sports Authority building at 1144 Chorro St. in San Luis Obispo into a 14-lane […]

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Paso Robles urged to reduce housing permitting barriers

By   1 month ago

The Building, Design and Construction Cluster of the Economic Vitality Corp., a group of building industry professionals in San Luis Obispo County, wants Paso Robles to consider updating its permitting fees to reduce barriers to developing affordable housing. The group, part of the SLO Economic Strategy Project, recently submitted a letter to the city with […]

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Banking & Finance View All →

Deckers posts record Q4 revenue, beats Wall Street expectations

By   1 hour ago

Goleta-based footwear and apparel company Deckers managed to smash Wall Street expectations in its fiscal 2015 fourth quarter earnings. The company recorded a $1.4 million profit for the quarter after posting a loss in the same period last year. Deckers also had record revenue of $340.6 million for the quarter, an increase of 15.6 percent […]

Read More →

AppFolio files for $100M IPO

Appfolio co-founder Klaus Schauser will be honored at The South Coast Business & Technology Awards in June. (Stephen Nellis photo)

By   1 week ago

  Goleta-based AppFolio filed with U.S. regulators May 18 for an initial public offering. The developer of cloud-based property management software listed $100 million as the initial fundraising target, however the size the IPO could change. The company did not stipulate how many shares it plans to sell. The move comes on the heels of […]

Read More →

Mindbody targets global expansion with IPO

Mindbody CEO Rick Stollmeyer. (Business Times file photo)

By   2 weeks ago

In a deal that’s been heralded as the first non-bank stock offering in decades for a company based in San Luis Obispo, Mindbody filed its offering statement with the Securities and Exchange Commission on May 11.

Read More →

ERG Resources files bankruptcy, business for sale

By   3 weeks ago

ERG Resources, a Houston-based independent oil and gas with major operation in northern Santa Barbara County recently filed for Chapter 11 bankruptcy in Dallas. The company plans to sell the business. A Business Times previous report found that the company owed nearly $400 million on a loan with CLMG Corp., an agent holding lien on […]

Read More →

Inogen earnings top Wall Street expectations again

InogenFoundersWEB

By   1 month ago

Inogen, the Goleta-based maker of direct-to-consumer respiratory products, on April 27 reported fourth-quarter profit of $1.5 million. The company said it had net income of 7 cents per share. Earnings, adjusted for pretax gains, were 6 cents per share. Inogen, which produces oxygen concentrators for patients suffering from chronic respiratory conditions, posted revenue of $29.1 […]

Read More →

Community West post big first-quarter numbers

By   1 month ago

Goleta-based Community West Bancshares, parent company of Community West Bank, reported a profit of $1.8 million in the first quarter of 2015. The company recorded a profit of $1.4 million in the same period last year. “Community West’s first quarter accomplishments were a good start to the year as we continue to successfully strengthen our […]

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Regional banks pluck talent to grow

By   1 month ago

The shifting financial industry landscape has set the stage for increased competition among regional banks trying to snap up local talent and a slice of the mid-size company market. However, some industry experts think the newly consolidated landscape and shrinking number of small banks could close the door on many entrepreneurs and smaller businesses. “For […]

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Comcast, Time-Warner’s $45B deal falls through

By   1 month ago

Comcast has dropped its $45 billion bid to acquire Time-Warner Cable. The deal would have more than doubled Comcast’s market share in California and created a Comcast-Cox duopoloy among tri-county cable providers. However, in a statement released today, Comcast Chairman and CEO Brian Roberts said the deal was structured so that both companies could walk […]

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Opinion View All →

Big spending on big ideas brings big payoff

By   6 days ago

This article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.

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STEM investment, new engineering school at CSU Channel Islands priority

By   6 days ago

By Jacqui Irwin Ventura County is home to some of the most exciting and cutting edge companies in the world. Nationally recognized corporations and entrepreneurial high-technology companies like Amgen, Haas Automation, SemTech, and Teledyne Technologies all have a footprint in Ventura County.  Additionally, Ventura County was recently designated as one of the state’s four innovation […]

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New vision for Isla Vista needs political courage

By   6 days ago

We went to Goleta’s State of the City luncheon on May 14 and discovered a city in denial. That’s partly because a decade after cityhood, Goleta has not found a winning formula for revitalizing its Old Town shopping district. New food shops and a sprinkling of sidewalk improvements, heavily touted at the event, simply will […]

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Refugio oil spill raises important questions for South Coast

A California Highway Patrol officer warns volunteers who showed up May 20 to clean up oil near Refugio State Beach from a 21,000-gallon pipeline spill to leave the area because it was too hazardous.

Photo by Debra Giles

By   6 days ago

The estimated 105,000-gallon oil spill that will ruin Memorial Day for thousands of visitors to Refugio State Beach in Santa Barbara County is a reminder of how much environmental issues have become economic stories. Santa Barbara County is so heavily dependent on hotel-related taxes that it literally can’t afford the kind of environmental disaster that […]

Read More →

Virtual currency is finding global niches

By   2 weeks ago

By Lisa Spiwak This month, there has been a major event in the world of American finance. On May 7, itBit became America’s first national regulatory-compliant Bitcoin exchange. This is a very big deal because it paves the way for customers to now feel more comfortable with virtual currency, which appears to be one of […]

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UCSB alone can’t fix Isla Vista safety woes

By   2 weeks ago

Just about a year ago, Elliott Rodger went on a violent rampage, killing six people and himself in Isla Vista. Memories of that tragic Memorial Day weekend flooded back into the headlines on May 12 as reports surfaced of another shooting, this time two suspects shot and severely injured two students in another grisly incident […]

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Baltimore takes meaningful step back after night of chaos

By   3 weeks ago

Tragedy and redemption is a theme that runs through American history. A new chapter has just been written in Baltimore, the place that is home to our national anthem, itself a story of survival in the face of war and invasion. The scene of race riots in the civil war and an industrial decline that […]

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State of region report pinpoints dwindling middle class

By   3 weeks ago

As any regular reader of the Pacific Coast Business Times knows, there is no shortage of experts and organizations churning out reports and studies and economic forecasts for our region. Why, then, did the Ventura County Civic Alliance decide to add to this plenitude by turning its State of the Region Report from an every-five-years […]

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East Ventura County View All →

Amgen boosts outlook on positive first-quarter results

By   1 month ago

On the strength on the results, the company raised its full-year earnings per share guidance to between $9.35 and $9.65 from its previous forecast of $9.05 to $9.40.

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Amgen alum speeds toward OK for chin drug

By   2 months ago

Known as ATX-101, the facial injection for the treatment of double chins has been recommended for approval by an FDA advisory committee.

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A walk in the park with Wi-Fi, coming to Westlake

By   2 months ago

Time Warner will expand its local presence by providing Wi-Fi hotspots in community areas designated by the city.

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Amgen touts positive results with new heart health drug

By   2 months ago

If approved, it will be the Thousand Oaks-based biotech giant’s first new drug on the market since the FDA’s landmark approval of the first-ever biosimilar drug on the American market.

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FarmSolutions gives growers tools to monitor crops

FarmSolutions Technician Justin Gormly assembles a remote-controlled airplane with a built in camera, used to monitor farms. (Nik Blaskovich / Business Times photo)

By   2 months ago

With California in the midst of some of its driest months on record, the statewide drought is far from over, and one Westlake Village firm is looking to bring farmers some solutions.

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Amgen braces for battle over biosimilars

By   3 months ago

On March 9, a company memo announced its plans to shutter San Francisco facilities once belonging to Onyx Pharmaceuticals and lay off 300 employees there.

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New $8M arts building planned for CLU

By   3 months ago

Real estate developer and art collector William Rolland is pledging up to $4 million to California Lutheran University for a new art department building. According to the university, CLU will cover the remaining $4 million needed to fund the development of a 25,000- to 30,000-square-foot art center on the Thousand Oaks campus to be named […]

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Amgen profit tops analysts’ estimates on drug sales, tax credit

Amgen CEO Robert Bradway said the company, which released earnings this week that beat analyst expectations, plans to focus on developing early stage drugs, particularly for cancer treatment. (Bloomberg News file photo)

By   4 months ago

Amgen, the nation’s biggest biotech company, reported fourth-quarter profits that beat analysts’ estimates, aided by a tax benefit and higher-than-estimated sales of arthritis drug Enbrel.

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West Ventura County View All →

Smart & Final bulking up in Oxnard shopping center

By   1 month ago

Smart & Final is more than doubling its footprint in Oxnard’s Lemon Grove Plaza shopping center. The Commerce-based company recently signed a lease for 43,200 square feet at the center and is re-opening as a Smart & Final Extra concept. The center is located on North Oxnard Boulevard. The company had been operating in a roughly […]

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FAA approves $300,000 for Camarillo Airport repaving

By   1 month ago

The Camarillo Airport is getting more than $300,000 from the Federal Aviation Administration thanks to the legwork of Congresswoman Julia Brownley (D-Westlake Village). Brownley’s political deal-making has secured almost $1 million for Ventura County airports in the last two years. The funds will go toward infrastructure improvements at the airport, including repaving a large portion […]

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Ventura County growers in position to weather the drought

One of Ventura County’s many strawberry fields, visible from the region’s roadways. (Business Times file photo)

By   2 months ago

Ventura County Agriculture Commissioner Henry Gonzales told the Business Times that the county’s farm output will decline if the drought continues, but strawberries, the county’s No. 1 crop, would likely be the least affected because of their high return value.

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Ventura County to revitalize Oxnard harbor area

By   2 months ago

County officials are pushing developers behind proposed projects at Fisherman’s Wharf and the abandoned Casa Sirena Hotel to complete lease agreements.

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Tri-county public company ranks shrink as Vitesse sells for $389M

By   2 months ago

The deal values Vitesse at $5.28 per share, a premium of 32 percent over the stock’s 30-day average closing price.

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County won’t OK wastewater firm permit

By   3 months ago

SCWW remains closed and disputes the findings that led to it being shut out of Ventura County pipelines.

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Oxnard crossing: an accident waiting to happen

The site of the crash on the morning of Feb. 24. Investigators say a Ford F-450 was driving on the tracks before colliding with the passenger train. (Photo courtesy of Oxnard Fire Department)

By   3 months ago

Since 2008, there have been more than five vehicle accidents involving trains there, including one last year that killed two vehicle passengers.

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Camarillo skin care firm is Ventura County’s second B Corp.

Robert Lestak, owner of Wholly Hemp, stacks fresh bars of soap. (Nik Blaskovich / Business Times photo)

By   3 months ago

Camarillo-based Wholly Hemp follows Patagonia model; donates 25 percent of profits to a microloan program serving small business owners in rural Africa

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South Coast View All →

Boxer, Feinstein, Markey demand answers over SB County oil spill

A California Highway Patrol officer warns volunteers who showed up May 20 to clean up oil near Refugio State Beach from a 21,000-gallon pipeline spill to leave the area because it was too hazardous.

Photo by Debra Giles

By   4 hours ago

U.S. Sens. Barbara Boxer, D-CA, Dianne Feinstein, D-CA, and Edward J. Markey, D-MA, on May 28 sent a letter to the Pipeline and Hazardous Materials Safety Administration calling for more information about the rupture of a pipeline The senators wrote, “Following one of the most devastating oil spills in California history, we need answers about […]

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Deckers posts record Q4 revenue, beats Wall Street expectations

By   1 hour ago

Goleta-based footwear and apparel company Deckers managed to smash Wall Street expectations in its fiscal 2015 fourth quarter earnings. The company recorded a $1.4 million profit for the quarter after posting a loss in the same period last year. Deckers also had record revenue of $340.6 million for the quarter, an increase of 15.6 percent […]

Read More →

Oil pipeline owners may face more than fines for Santa Barbara County spill

A California Highway Patrol officer warns volunteers who showed up May 20 to clean up oil near Refugio State Beach from a 21,000-gallon pipeline spill to leave the area because it was too hazardous.

Photo by Debra Giles

By   6 days ago

California Attorney General Kamala D. Harris on Friday said her office is actively working with the Santa Barbara District Attorney’s office and state and federal agencies to investigate the incident.

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Milo takes home top honors at UCSB’s New Venture Competition

Daniel Imberman (left) and Bob Lansdorp are a part of the Milo team that created an electronic wristband that processes sweat to monitor blood alcohol level. Milo took home a total of $20,000 at the UCSB New Venture Competition Thursday evening.

By   6 days ago

Six teams emerged from an initial 40 to vie for a pool of $41,500 in cash prizes at the competition, which has been around for 16 years and has produced companies like BioIQ, Phone Halo, Sirigen and Inogen.

Read More →

AppFolio files for $100M IPO

Appfolio co-founder Klaus Schauser will be honored at The South Coast Business & Technology Awards in June. (Stephen Nellis photo)

By   1 week ago

  Goleta-based AppFolio filed with U.S. regulators May 18 for an initial public offering. The developer of cloud-based property management software listed $100 million as the initial fundraising target, however the size the IPO could change. The company did not stipulate how many shares it plans to sell. The move comes on the heels of […]

Read More →

ERG Resources files bankruptcy, business for sale

By   3 weeks ago

ERG Resources, a Houston-based independent oil and gas with major operation in northern Santa Barbara County recently filed for Chapter 11 bankruptcy in Dallas. The company plans to sell the business. A Business Times previous report found that the company owed nearly $400 million on a loan with CLMG Corp., an agent holding lien on […]

Read More →

Inogen earnings top Wall Street expectations again

InogenFoundersWEB

By   1 month ago

Inogen, the Goleta-based maker of direct-to-consumer respiratory products, on April 27 reported fourth-quarter profit of $1.5 million. The company said it had net income of 7 cents per share. Earnings, adjusted for pretax gains, were 6 cents per share. Inogen, which produces oxygen concentrators for patients suffering from chronic respiratory conditions, posted revenue of $29.1 […]

Read More →

Smart & Final bulking up in Oxnard shopping center

By   1 month ago

Smart & Final is more than doubling its footprint in Oxnard’s Lemon Grove Plaza shopping center. The Commerce-based company recently signed a lease for 43,200 square feet at the center and is re-opening as a Smart & Final Extra concept. The center is located on North Oxnard Boulevard. The company had been operating in a roughly […]

Read More →

Central Coast View All →

Mindbody targets global expansion with IPO

Mindbody CEO Rick Stollmeyer. (Business Times file photo)

By   2 weeks ago

In a deal that’s been heralded as the first non-bank stock offering in decades for a company based in San Luis Obispo, Mindbody filed its offering statement with the Securities and Exchange Commission on May 11.

Read More →

Santa Barbara Airport gets $3M grant from FAA

By   1 month ago

The Santa Barbara Municipal Airport is getting an infrastructure overhaul thanks to a Federal Aviation Administration grant of just over $3 million. Retiring Congresswoman Lois Capps announced the FAA funding, most of which will go toward the airport’s $3.37 million airfield lighting and safety project. “The project will improve airfield pavement, markings, lighting, and security […]

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Apartment building revival, home starts put Santa Maria on the map

The completed clubhouse at Siena Apartments. (Courtesy photo)

By   1 month ago

The UCSB Economic Forecast Project will focus on housing and residential construction when it holds its annual forecast summit on May 8 at the Radisson Santa Maria on Skyway Drive.

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SLO incubator expands, will accept non-Cal Poly startups

The HotHouse will more than double its space in downtown San Luis Obispo. (Courtesy photo)

By   2 months ago

After operating full-time for just over two years now, the program will move from its current 6,000-square-foot space to a 15,000-square-foot building in downtown San Luis Obipso.

Read More →

Napa’s Walt Wines leases Clos Pepe Vineyard

By   2 months ago

The lease agreement is a long-term move for the Pepes who are planning to semi-retire from their efforts at the vineyard.

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Legendary family unwraps Creston film studio

Todd Fisher, CEO of Hollywood Motion Picture Experience, standing next to their camera equipment set up in Studio 32. (Nik Blaskovich / Business Times photo)

By   3 months ago

Hollywood Motion Picture Experience will begin filming “Emerald Bay,” the first movie to put Central Coast communities in the spotlight, at the end of next month.

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Morro Bay gets down to business

The exhaust stacks of the Dynegy Power Plant, stand over Morro Bay. On Feb. 24 the Houston-based company withdrew its offer to sell the site, along with plants in Oakland and Moss Landing. (Courtesy photo)

By   3 months ago

With about 10,000 residents, the small commercial fishing and tourism-driven community is charting a new path for growth and more diversified revenue streams.

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REC Solar sells majority share to nation’s largest utility

By   4 months ago

Duke Energy, headquartered in Charlotte, North Carolina, purchased the controlling stake in the solar company and announced it would invest $225 million in solar project financing as part of the deal.

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