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Carrillo Plaza flipped to investor for $12.2M

Starbuck anchors the Carrillo Plaza shopping center at 210 W. Carrillo Blvd. The property recently sold for $12.2 to Los Angeles-based company. (Courtesy photo)

By   19 hours ago

Carrillo Plaza is located at 210 W. Carrillo Blvd. and was sold by Carrillo Holdings, a Santa Barbara-based real estate company. It has shed six Santa Barbara properties over the last 18 months.

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Autoliv’s Goleta operation shines light on safety

The night-vision system produced by Autoliv in Goleta highlighted in BMW promotional materials. The automakers cars alert drivers of nearby pedestrians and animals in four ways: an infrared display, the intstrument panel, the heads-up display and a spotlight. (Photo courtesy Autoliv)

By   4 days ago

The publicly traded maker of auto safety products is harnessing the South Coast’s expertise in infrared technology to produce night-vision systems that are available in new Mercedes-Benz, Audi, BMW and Rolls-Royce models.

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Tesla Motors takes charge on South Coast

A Tesla Motors Model S electric vehicle stands on display at the company’s showroom in Beijing, China. (Bloomberg News photo)

By   4 days ago

The store will feature interactive touchscreens, design centers and other tools for buying and customizing made-to-order vehicles directly from the Palo Alto-based manufacturer.

Read More →

A business to relish: Pacific Pickle Works looks to expand statewide

Bradley Bennett founded Pacific Pickle Works in Santa Barbara in 2011. Today the food retailer has expanded to 70 stores across Southern California. (Photo courtesy Pacific Pickle Works)

By   4 days ago

What first started as a way to give tasty gifts to friends and family has now transformed into a company with products in 70 stores from Paso Robles to San Diego.

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Pacifica Hotels makes bet on future of East Beach property

By   4 days ago

The proposal includes demolishing an existing 12,000-square-foot building to construct a 55,000-square-foot, 45-foot tall hotel at 926 Indio Muerto St.

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New faces, new money at nonprofits throughout the region

By   4 days ago

A roundup of activity at tri-county nonprofits this month.

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Attorney Lafitte steps into COO post at Deckers Outdoor

By   4 days ago

Deckers Brands, the Goleta-based footwear company, announced Jan. 21 that David Lafitte is stepping up from his role as general counsel into the position of chief operating officer.

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Jordano’s makes $10.6M real estate buy

An exterior rendering of the proposed Pacific Beverage facility, a division of Jordano's food and beverage distribution. (Courtesy photo)

By   4 days ago

On the drawing board is a new 102,000-square-foot regional distribution center on the property.

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Small Business View All →

A business to relish: Pacific Pickle Works looks to expand statewide

Bradley Bennett founded Pacific Pickle Works in Santa Barbara in 2011. Today the food retailer has expanded to 70 stores across Southern California. (Photo courtesy Pacific Pickle Works)

By   4 days ago

What first started as a way to give tasty gifts to friends and family has now transformed into a company with products in 70 stores from Paso Robles to San Diego.

Read More →

Simi, Ventura put a stop to new massage parlors

By   2 weeks ago

The move came following the expiration of a state law that was ultimately incapable of stemming the proliferation of parlors that operate illegally by offering clients erotic add-ons to run-of-the-mill rub-downs.

Read More →

New product plans to put workers on The Level

The Level is a new device from Santa Barbara-based FluidStance, designed to improve a worker’s health by keeping them active and balanced while using a standing desk. (Courtesy photo)

By   2 weeks ago

The Level, which resembles a skateboard without wheels, is the latest device aiming to change the way people work.

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Sheeler joins forces with Santa Barbara’s Movegreen

Mel Sheeler, left, recently sold his company, Sheeler Moving and Storage, to Movegreen, which is led by CEO Erik Haney, right. The purchase marks the first move into Ventura County for Santa Barbara-based Movegreen. (Nik Blaskovich / Business Times photo)

By   2 weeks ago

Movegreen, an environmentally conscious moving service founded along the South Coast in 2007, bought Sheeler’s Moving in a transaction completed on Dec. 11, essentially doubling its size.

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Ownership group lays out plans for Granada property

The Granada Hotel & Bistro in downtown San Luis Obispo. Its renovation would add 23 rooms to the property, bringing the total to 40. (Courtesy image)

By   3 weeks ago

Tucked neatly between buildings at 1130 Morro St., a 23-room addition is being planned for the now 17-room hotel.

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Caffeinated growth: French Press to open in Goleta

The French Press location at 528 Anacapa Street in Santa Barbara. The property was sold in last year to an investor for $3.3 million

By   1 month ago

French Press owners Julia and Todd Mayer opened their first location in downtown Santa Barbara in 2009.

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Drones spark interest from startups to CSUCI

By   1 month ago

As drones migrate from the military space into the private sector, their potential uses reach far wider than the home delivery efforts that made headlines a year ago.

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SLO family gets Mark Cuban’s cash for Q-Flex expansion

Andrea Cao, left, stands with her business partner and mom, Hong, as the two pitch their Q-Flex product on ABC’s “Shark Tank.” (Photo courtesy ABC/Michael Desmond)

By   1 month ago

What began as a daughter’s idea to help her ailing mother after 12-hour workdays has turned into a cameo on primetime television and a partnership with a billionaire businessman.

Read More →

Technology View All →

Autoliv’s Goleta operation shines light on safety

The night-vision system produced by Autoliv in Goleta highlighted in BMW promotional materials. The automakers cars alert drivers of nearby pedestrians and animals in four ways: an infrared display, the intstrument panel, the heads-up display and a spotlight. (Photo courtesy Autoliv)

By   4 days ago

The publicly traded maker of auto safety products is harnessing the South Coast’s expertise in infrared technology to produce night-vision systems that are available in new Mercedes-Benz, Audi, BMW and Rolls-Royce models.

Read More →

Top 10 Software/E-commerce Growth Companies in the Tri-Counties 2015

By   4 days ago

We rank the region’s software and e-commerce firms based on growth capital raised so far.

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Top 10 Hardware/Device Growth Companies in the Tri-Counties 2015

By   4 days ago

We rank the region’s hardware and device firms based on growth capital raised so far.

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Special report: 20 Growth Companies to Watch in 2015

By   4 days ago

The Pacific Coast Business Times’ third annual Growth Companies to Watch list provides insight on which companies will spend the year looking to deploy capital on hiring, facilities and innovation.

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QAD, shareholders could pull in $60M with public offering

By   2 weeks ago

QAD, the Santa Barbara-based software developer, today confirmed the pricing for its recently announced public stock offering. The company is offering 3 million shares of Class A common stock at $20.00 per share. One million shares included in the sale are being offered by controlling stockholders Karl Lopker and Pamela Lopker. Additionally, QAD has granted […]

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Lynda.com stays private with $186M funding raise

Lynda.com CEO Eric Robison and co-founder and Executive Chair Lynda Weinman at the company's Carpinteria headquarters. (Business Times file photo)

By   2 weeks ago

Lynda.com has now raised more than four times the amount obtained by potential competitors such as Coursera or Udacity.

Read More →

Amgen’s moves could signal a post-Thousand Oaks future

Amgen scientists Nessa Hawkins, left, and Robert Kurzeja pose in the company's lab in Thousand Oaks. (Bloomberg News file photo)

By   2 weeks ago

On the back of its strong financial performance in 2014, Amgen, the Tri-Counties’ largest private employer, is set to begin shifting research operations away from its Thousand Oaks headquarters.

Read More →

Lynda.com to expand with $186M private equity raise from TPG

Lynda.com CEO Eric Robison and co-founder and Executive Chair Lynda Weinman at the company's Carpinteria headquarters. (Business Times file photo)

By   2 weeks ago

Carpinteria-based Lynda.com has raised $186 milllion from a group of investors, earmarked for accelerating acquisitions, growth and new content Initiatives at the online learning platform.

Read More →

Real Estate View All →

Carrillo Plaza flipped to investor for $12.2M

Starbuck anchors the Carrillo Plaza shopping center at 210 W. Carrillo Blvd. The property recently sold for $12.2 to Los Angeles-based company. (Courtesy photo)

By   19 hours ago

Carrillo Plaza is located at 210 W. Carrillo Blvd. and was sold by Carrillo Holdings, a Santa Barbara-based real estate company. It has shed six Santa Barbara properties over the last 18 months.

Read More →

Tesla Motors takes charge on South Coast

A Tesla Motors Model S electric vehicle stands on display at the company’s showroom in Beijing, China. (Bloomberg News photo)

By   4 days ago

The store will feature interactive touchscreens, design centers and other tools for buying and customizing made-to-order vehicles directly from the Palo Alto-based manufacturer.

Read More →

Pacifica Hotels makes bet on future of East Beach property

By   4 days ago

The proposal includes demolishing an existing 12,000-square-foot building to construct a 55,000-square-foot, 45-foot tall hotel at 926 Indio Muerto St.

Read More →

Jordano’s makes $10.6M real estate buy

An exterior rendering of the proposed Pacific Beverage facility, a division of Jordano's food and beverage distribution. (Courtesy photo)

By   4 days ago

On the drawing board is a new 102,000-square-foot regional distribution center on the property.

Read More →

Miramar green-lighted, but Caruso not happy with restrictions

By   5 days ago

At a Jan. 21 Montecito Planning Commission meeting that lasted well into the evening, developer Rick Caruso was ultimately given the OK for his redesigned Miramar project. However, the commission attached a few conditions to the approval, which didn’t sit well with the founder of one of the largest privately held real estate companies in […]

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Santa Barbara’s shortage of housing takes center stage

By   2 weeks ago

According to the National Association of Home Builders, Santa Barbara County is the one of the least affordable housing markets in the nation.

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Jordano’s closes $10.6M land deal, plans new facility

An exterior rendering of the proposed Pacific Beverage facility, a division of Jordano's food and beverage distribution. (Courtesy photo)

By   2 weeks ago

Pacific Beverage plans to break ground on the facility in 2016. When complete, the entire division will move to the Cabrillo Business Park from its current Santa Barbara locations.

Read More →

Arlington Village project moving ahead behind theater

By   3 weeks ago

Bruce Corwin, one of the longtime owners of the Arlington Theater and Metropolitan Theaters chain, is getting closer to seeing his Arlington Village apartment project take shape in downtown Santa Barbara. The first set of building plans has been submitted and groundbreaking is anticipated in three to four months, Scott Hopkins, an architect with RRM […]

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Banking & Finance View All →

Attorney Lafitte steps into COO post at Deckers Outdoor

By   4 days ago

Deckers Brands, the Goleta-based footwear company, announced Jan. 21 that David Lafitte is stepping up from his role as general counsel into the position of chief operating officer.

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Deckers’ Lafitte takes COO role

David Lafitte (Courtesy photo)

By   6 days ago

Lafitte previously served as the company’s general counsel. His appointment is effective Feb. 2 and he replaces Zohar Ziv, who retired from the company on Jan. 16.

Read More →

QAD, shareholders could pull in $60M with public offering

By   2 weeks ago

QAD, the Santa Barbara-based software developer, today confirmed the pricing for its recently announced public stock offering. The company is offering 3 million shares of Class A common stock at $20.00 per share. One million shares included in the sale are being offered by controlling stockholders Karl Lopker and Pamela Lopker. Additionally, QAD has granted […]

Read More →

Limoneira Co. reports increased annual revenue, fourth-quarter loss

By   2 weeks ago

Santa Paula-based Limoneira Co. reported revenue of about $7 million for fiscal year 2014, along with a $2.8 million loss for the year’s fourth quarter.

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Heritage Oaks accord strengthens BSA controls

By   3 weeks ago

The region’s largest community bank signed an agreement with the Federal Deposit Insurance Corp. that was made public at yearend. President and CEO Simone Lagomarsino told the Business Times the accord means the bank will “beef up” its programs and policies to prevent problems down the road.

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Santa Barbara stock promoter charged with fraud

By   4 weeks ago

The SEC alleges that instead of purchasing the shares in the secondary market as promised, Efstratios “Elias” Argyropoulos and his firm Prima Capital Group misappropriated investor funds.

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Santa Barbara stock promoter charged with fraud

By   1 month ago

The SEC alleges that instead of purchasing the shares in the secondary market as promised, Efstratios “Elias” Argyropoulos and his firm Prima Capital Group misappropriated investor funds.

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Remembering the banking visionary who built SBB&T

By   1 month ago

Donald M. Anderson, a Minnesota native whose vision drove Santa Barbara Bank & Trust’s rise to the top of the region’s financial institutions, died earlier this month in Santa Barbara. He was 86.

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Opinion View All →

Editorial: Je suis Wendy?

By   4 days ago

A robust and spirited public debate is what the framers had in mind when they created the First Amendment.

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Editorial: Capps puts spotlight on Isla Vista murders

By   4 days ago

More movement on local governance issues, more answers and a better approach managing mental health and gun ownership would be welcome developments.

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Op/ed: Banking Darwinism may finally solve “too big to fail” issue

By   4 days ago

While regulators shouldn’t be in the business of telling banks how big they can or can’t be, the authorities can quietly midwife the transformation of financial firms from behemoths to manageable entities.

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Dubroff: After 15 years of scoops, we give you the skinny on our anniversary

By   4 days ago

Those of you who’ve followed the evolution of our newspaper during the past decade and a half know we are relentless innovators. This year is no exception.

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Op/ed: Employer-based health care could soon be put on life support

By   4 days ago

Judging by the trend of the past few years, Americans with job-based coverage could soon become a minority.

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Op/ed: The life of a digital nomad

By   2 weeks ago

The reality of being a digital nomad isn’t always easy and it requires some sacrifice, but ultimately it is an incredibly rewarding lifestyle where I can meet the needs of clients, live the life I want to live and inspire others to pursue adventure and happiness.

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Editorial: Standing up for freedom, in France and Hollywood

By   2 weeks ago

As an independent media company, we applaud the way that journalists, the entertainment industry and the public have rallied to the cause of a free society. We are proud to say, “Je Suis Charlie.”

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Dubroff: UCSB diabetes researcher refines fine art of forecasting behavior

By   2 weeks ago

Advances such as tablet technology and cloud computing mean that a fully commercial product to reliably regulate insulin might be within reach.

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East Ventura County View All →

Amgen’s moves could signal a post-Thousand Oaks future

Amgen scientists Nessa Hawkins, left, and Robert Kurzeja pose in the company's lab in Thousand Oaks. (Bloomberg News file photo)

By   2 weeks ago

On the back of its strong financial performance in 2014, Amgen, the Tri-Counties’ largest private employer, is set to begin shifting research operations away from its Thousand Oaks headquarters.

Read More →

Simi, Ventura put a stop to new massage parlors

By   2 weeks ago

The move came following the expiration of a state law that was ultimately incapable of stemming the proliferation of parlors that operate illegally by offering clients erotic add-ons to run-of-the-mill rub-downs.

Read More →

Economy will strengthen, experts say

By   4 weeks ago

Despite the optimism from nostalgic gas prices and an encouraging unemployment rate, issues including lack of water, troubled global economy, and looming interest hikes still threaten the Tri-Counties’ 2015 economic outlook.

Read More →

Reporting oversight costs SCE $170,000 in penalties

By   1 month ago

SCE started notifying authorities of the undisclosed facilities after discovering it had not submitted reports for many of its Ventura County facilities through a self-audit.

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Camarillo industrial buildings sell for $54.5M

Mission Oaks Corporate Center

By   2 months ago

A $54.5 million deal for two industrial buildings in Camarillo is one of the biggest transactions to hit the South Coast real estate market this year. The Mission Oaks Corporate Center, home to Deckers and Addison Behavioral Resources warehouses, was recently sold by a joint venture between Rexford Industrial and Dune Real Estate Partners to […]

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Ceres still spending, but looks to generate revenue

By   2 months ago

Sitting in public-company-listing limbo with a listing deadline on its current stock price, Thousand Oaks-based energy crop producer Ceres will attempt to continue its numerous pricey research projects by balancing them with new revenue streams.

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Teenage powerhouse revolutionizes cinemas for hearing impaired

By   2 months ago

Valedictorian will be an afterthought on resumes for Alexandra Kukoff, a half-deaf, 15-year-old Thousand Oaks-native who is attending high school and college simultaneously, working towards her associate’s degree in women’s history.

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Explosion at waste water treatment plant

By   2 months ago

An explosion at a waste water company’s yard in Ventura County overnight caused minor injuries to dozens of people and closed Highway 126 for a number of hours on Nov. 18. The explosion at the Santa Clara Waste Water Treatment Plant in Santa Paula happened while a truck was pumping waste from a collection tank, […]

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West Ventura County View All →

Economy will strengthen, experts say

By   4 weeks ago

Despite the optimism from nostalgic gas prices and an encouraging unemployment rate, issues including lack of water, troubled global economy, and looming interest hikes still threaten the Tri-Counties’ 2015 economic outlook.

Read More →

LTC Properties raises $24.5M through sale of shares

By   1 month ago

According to company filings, LTC will use the proceeds of the sale to pay down outstanding debt on its unsecured credit line, fund acquisitions and current development pipeline and for general corporate purposes.

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Oilfield waste firm faces curb on VC shipments

By   1 month ago

Ventura County officials have confirmed that oilfield waste management company Anterra Energy Services, which has facilities in Oxnard and Santa Paula, will no longer be trucking additional waste to the Oxnard location.

Read More →

Reporting oversight costs SCE $170,000 in penalties

By   1 month ago

SCE started notifying authorities of the undisclosed facilities after discovering it had not submitted reports for many of its Ventura County facilities through a self-audit.

Read More →

Chairman says Santa Paula cleanup could finish this year

By   1 month ago

On Nov. 18, a vacuum truck exploded at the Santa Clara unit and nearly 50 people were treated for injuries and irritation caused by some 1,000 gallons of hazardous material released, which officials told reporters was bursting into flames at the site.

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Port of Hueneme sets record revenue

By   2 months ago

The Port of Hueneme near Ventura County Naval Base pulled in roughly $14.3 million in total gross revenue for 2014—its highest annual revenue number since its inception in 1937, according to a draft audit report. The report was submitted to the port’s Board of Harbor Commissioners on Dec. 8 and indicates that the Port of […]

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New lease marks turnaround of $17.8M deal

Camarillo Plaza

By   2 months ago

Passing through Camarillo, commuters will soon have another reminder of their post-holiday weight loss goals as Fitness 19, a national health club chain, recently signed a 10-year lease for almost 20,000 square feet in the Camarillo Plaza Shopping Center. The lease also helps cement the turnaround of previously bankrupt retail property. “We are excited to […]

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CSUCI and Navy set education partnership

By   2 months ago

On Nov. 24, CSUCI President Richard Rush and Captain Eric Ver Hage, commanding officer of the naval center, signed an educational partnership agreement that enables the two institutions to share resources and expertise.

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South Coast View All →

Carrillo Plaza flipped to investor for $12.2M

Starbuck anchors the Carrillo Plaza shopping center at 210 W. Carrillo Blvd. The property recently sold for $12.2 to Los Angeles-based company. (Courtesy photo)

By   19 hours ago

Carrillo Plaza is located at 210 W. Carrillo Blvd. and was sold by Carrillo Holdings, a Santa Barbara-based real estate company. It has shed six Santa Barbara properties over the last 18 months.

Read More →

Miramar green-lighted, but Caruso not happy with restrictions

By   5 days ago

At a Jan. 21 Montecito Planning Commission meeting that lasted well into the evening, developer Rick Caruso was ultimately given the OK for his redesigned Miramar project. However, the commission attached a few conditions to the approval, which didn’t sit well with the founder of one of the largest privately held real estate companies in […]

Read More →

QAD, shareholders could pull in $60M with public offering

By   2 weeks ago

QAD, the Santa Barbara-based software developer, today confirmed the pricing for its recently announced public stock offering. The company is offering 3 million shares of Class A common stock at $20.00 per share. One million shares included in the sale are being offered by controlling stockholders Karl Lopker and Pamela Lopker. Additionally, QAD has granted […]

Read More →

Santa Barbara County bets $150K on economics of vitality

By   2 weeks ago

A new task force will be responsible for coordinating countywide efforts for growth, from working with tech startups along the South Coast to developing and drawing in business to the northern region of the county.

Read More →

Lynda.com to expand with $186M private equity raise from TPG

Lynda.com CEO Eric Robison and co-founder and Executive Chair Lynda Weinman at the company's Carpinteria headquarters. (Business Times file photo)

By   2 weeks ago

Carpinteria-based Lynda.com has raised $186 milllion from a group of investors, earmarked for accelerating acquisitions, growth and new content Initiatives at the online learning platform.

Read More →

Select merger will shift HQ to Atlanta

By and   3 weeks ago

One of the 10 largest staffing firms in the nation, the Santa Barbara-based Select Family of Staffing Cos., announced Jan. 5 it plans to merge with EmployBridge, a staffing company based in Atlanta.

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The Habit inks international expansion deal

Goleta-grown fast-casual burger chain The Habit readies to go public. The company, now based in Irvine, has seen 34 percent revenue growth over the past three years. (Courtesy photo)

By   3 weeks ago

The Habit Burger Grill is headed to the Middle East, and maybe beyond. On Jan. 7, The Habit Restaurants Inc., the chain’s parent company, served up its first international franchise agreement with Food Quest Restaurant Management for the development of up to 50 new Habit restaurants. The agreement will put locations in six countries in the […]

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Safeway to pay $9.9M after environmental probe

By   3 weeks ago

The agreement comes as Safeway is clearing the final regulatory hurdles to its sale to rival Albertsons.

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Central Coast View All →

Paso wine country gets drought relief with early storms

By   2 weeks ago

The 6.5 inches of rain that have fallen in the Paso Robles area so far have done much to leach out an accumulation of salts in the root zones that has stressed the vines and lowered wine grape yields.

Read More →

Jordano’s closes $10.6M land deal, plans new facility

An exterior rendering of the proposed Pacific Beverage facility, a division of Jordano's food and beverage distribution. (Courtesy photo)

By   2 weeks ago

Pacific Beverage plans to break ground on the facility in 2016. When complete, the entire division will move to the Cabrillo Business Park from its current Santa Barbara locations.

Read More →

TekTegrity expands footprint with Central Valley acquisition

TekTegrity CEO Russ Levanway, left, and Innovative I.T. CEO Brian Horton. (Courtesy image)

By   2 weeks ago

Although the value of the deal was not disclosed, the move solidified TekTegrity’s standing as San Luis Obispo County’s largest IT provider.

Read More →

Economy will strengthen, experts say

By   4 weeks ago

Despite the optimism from nostalgic gas prices and an encouraging unemployment rate, issues including lack of water, troubled global economy, and looming interest hikes still threaten the Tri-Counties’ 2015 economic outlook.

Read More →

Taking on the sharks: SLO family gets Mark Cuban’s cash for Q-Flex expansion

By   1 month ago

  What began as a daughter’s idea to help her ailing mother after 12-hour workdays has turned into a cameo on primetime television and a partnership with a billionaire businessman. The concluding results couldn’t have worked out better for 13-year-old San Luis Obispo-native Andrea Cao and her mother, Hong Cao, after the two appeared on […]

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SLO family gets Mark Cuban’s cash for Q-Flex expansion

Andrea Cao, left, stands with her business partner and mom, Hong, as the two pitch their Q-Flex product on ABC’s “Shark Tank.” (Photo courtesy ABC/Michael Desmond)

By   1 month ago

What began as a daughter’s idea to help her ailing mother after 12-hour workdays has turned into a cameo on primetime television and a partnership with a billionaire businessman.

Read More →

Waste-to-energy company raises $500K, reports big loss

By   1 month ago

Greenbelt Resources Corp., which counts Diversified Ethanol Corp. as a subsidiary, reported a loss of $217,469 for the third quarter compared to an $18,144 profit a year earlier amid a steep decline in revenue.

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Water district sues state to overturn $1.1M fine

By   1 month ago

The South San Luis Obispo County Sanitation District has upped the ante in its battle with the State Water Resources Control Board over a $1.1 million fine the district received for a sewer spill in 2010.

Read More →