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Santa Barbara Fresh Market closing shop, company exiting California

By   47 mins ago

The presence of grocery chain The Fresh Market in Santa Barbara and all of California is stale. The company announced in an earnings release March 6, it’s retreating out of the state completely, nixing the short-lived Milpas Street location along with stores in Palo Alto and Laguna Hills. The Milpas locations was up and running […]

Read More →

Calavo shares shoot up on Q1 earnings

By   2 hours ago

Santa Paula-based Calavo Growers roared out of the gate with a profit of $5.3 million in its fiscal 2015 first quarter, according to release from the company. The company’s shares jump nearly 6.5 percent to $45.05 at market close. After recording a $1.8 million loss in the same period last year, Calavo appears back on […]

Read More →

Amgen’s portfolio threatened as FDA paves path for lower-cost drugs

A scientist works in a lab at Thousand Oaks-based Amgen. (Courtesy photo)

By   4 hours ago

Zarxio, the first biopharmaceutical copycat approved in the U.S., will pave the way for lower-cost alternatives to existing treatments.

Read More →

Westmont launches Center for Social Entrepreneurship downtown SB

By   5 hours ago

Santa Barbara’s Christian liberal arts college is tapping into the downtown business community with a new program that focuses on entrepreneurship and social change.

Read More →

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   18 hours 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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Isla Vista lawsuit claims red flags were ignored

About 4,000 people gathered on the UCSB campus last May to remember the victims of the bloody massacre in Isla Vista. (Erika Martin / Business Times photo)

By   18 hours ago

The causes of action include violations of due process and negligence and the case will likely revolve around whether Rodger’s behavior in the months before his rampage warranted a warning to prospective roommates.

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Dubroff: The Business Times celebrates 15 years with a Hall of Fame gala

By   18 hours ago

When you look at the masthead of this issue of Pacific Coast Business Times, you will notice something new. This is Volume 16 No. 1 and it is the beginning of our 15th anniversary year. The special banner at the top of Page One signifies that for 780-plus consecutive weeks, we’ve been offering our subscribers […]

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Obamacare pushes Goleta firm to roll out new software

InTouch Health CEO Yulun Wang oversees the firm’s patient care dashboard that allows doctors to remotely monitor patient health. (Photo courtesy InTouch Health)

By   18 hours ago

With the Centers for Medicare & Medicaid Services ready to financially penalize facilities that fail to mitigate excess hospital readmission, InTouch Health’s clients began clamoring for solutions to expand care beyond hospital walls.

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Small Business View All →

Westmont launches Center for Social Entrepreneurship downtown SB

By   5 hours ago

Santa Barbara’s Christian liberal arts college is tapping into the downtown business community with a new program that focuses on entrepreneurship and social change.

Read More →

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   18 hours 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.

Read More →

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   1 week ago

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

Read More →

Startup investment platform takes root in Westlake Village

Alon Goren, founder of Invested.in and INVST, is a Thousand Oaks resident and recently relocated his startup operations to Westlake. (Courtesy photo)

By   1 week ago

INVST hopes to stimulate investment activity by allowing giving institutional-grade funds an online presence.

Read More →

Bren School students get grant for biochar project

Debbie Pierce and Niles Brinton, third and fourth from left, accept the first place award at the 2014 Barrett Foundation Business Concept Challenge in Washington, D.C. (Photo courtesy UCSB)

By   2 weeks ago

A startup spun out of UC Santa Barbara is seeking to use the ashes of forest burns to give new life to farmers’ fields.

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RVPlusYou rides rental craze

RVPlusYou partners Ross Lovell, Cees Dobbe, and Tom Geaslen, from left, are looking to expand their new peer-to-peer RV and camper rental network to several states by next year. (Courtesy photo)

By   2 weeks ago

The Nipomo group riffs off the highly successful short-term rental market tapped by sharing economy darling Airbnb.

Read More →

Growing the logical way

LogicMonitor employees at work in the company’s downtown Santa Barbara headquarters. (Nik Blaskovich / Business Times photo)

By   3 weeks ago

LogicMonitor now has about 1,000 customers, which means more like 10,000 companies are using the software since many of its clients are managed service providers, including Symquest and CIO Solutions.

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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   1 month 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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Technology View All →

Amgen’s portfolio threatened as FDA paves path for lower-cost drugs

A scientist works in a lab at Thousand Oaks-based Amgen. (Courtesy photo)

By   4 hours ago

Zarxio, the first biopharmaceutical copycat approved in the U.S., will pave the way for lower-cost alternatives to existing treatments.

Read More →

Obamacare pushes Goleta firm to roll out new software

InTouch Health CEO Yulun Wang oversees the firm’s patient care dashboard that allows doctors to remotely monitor patient health. (Photo courtesy InTouch Health)

By   18 hours ago

With the Centers for Medicare & Medicaid Services ready to financially penalize facilities that fail to mitigate excess hospital readmission, InTouch Health’s clients began clamoring for solutions to expand care beyond hospital walls.

Read More →

Ag forum: Industry faces too much capital, not enough water

By   18 hours ago

Industry insiders shed light on the evolution of the food industry in the midst of a record-setting drought, labor issues related to the Affordable Care Act and a need for fresher, faster food access.

Read More →

Big players have plenty to say about new FCC rules

By   18 hours ago

It seems the only sure result the Open Internet Order will deliver is years of litigation and a murky regulatory landscape.

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Startup investment platform takes root in Westlake Village

Alon Goren, founder of Invested.in and INVST, is a Thousand Oaks resident and recently relocated his startup operations to Westlake. (Courtesy photo)

By   1 week ago

INVST hopes to stimulate investment activity by allowing giving institutional-grade funds an online presence.

Read More →

California sets tough rules for Comcast deal

By   2 weeks ago

At stake is a merger that would more than double the size of Comcast’s market in California, taking its share of households statewide from 33.7 percent to 84 percent.

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RVPlusYou rides rental craze

RVPlusYou partners Ross Lovell, Cees Dobbe, and Tom Geaslen, from left, are looking to expand their new peer-to-peer RV and camper rental network to several states by next year. (Courtesy photo)

By   2 weeks ago

The Nipomo group riffs off the highly successful short-term rental market tapped by sharing economy darling Airbnb.

Read More →

Frontier dials into the region with $10.5B deal

By   3 weeks ago

Verizon Communications hopes to unload a quarter of its wireline telephone and Internet operations in a sale that would include all of its tri-county assets.

Read More →

Real Estate View All →

Santa Barbara Fresh Market closing shop, company exiting California

By   47 mins ago

The presence of grocery chain The Fresh Market in Santa Barbara and all of California is stale. The company announced in an earnings release March 6, it’s retreating out of the state completely, nixing the short-lived Milpas Street location along with stores in Palo Alto and Laguna Hills. The Milpas locations was up and running […]

Read More →

Westmont launches Center for Social Entrepreneurship downtown SB

By   5 hours ago

Santa Barbara’s Christian liberal arts college is tapping into the downtown business community with a new program that focuses on entrepreneurship and social change.

Read More →

SLO luxury brokerage expands into Southern California

By   18 hours ago

Richardson Properties recently opened two new offices in the seaside cities of Manhattan Beach and Rancho Palos Verdes under the Strand Hill-Christie’s International Real Estate label.

Read More →

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   1 week 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.

Read More →

Alma del Pueblo development earns top sustainability honors

By   1 week ago

The project joins the ranks of other LEED Platinum buildings in Santa Barbara including the Victoria Garden Mews home built by Allen Construction and UC Santa Barbara’s Bren Hall.

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New $8M arts building planned for CLU

By   1 week 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 […]

Read More →

Ventura rents rise to record as Millennials delay buying

By   2 weeks ago

With the economy building momentum, job growth and household formation are creating stronger demand for rental housing, driving up apartment rental rates to new highs in Ventura County.

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Pushing the boundaries: Santa Paula to decide on development

Santa Paula-based Limoneira Co. has already invested $54 million in East Area One, a project that would include 500 acres in Santa Paula. (Nik Blaskovich / Business Times photo)

By   3 weeks ago

After more than a decade of planning and $54 million in investment, Limoneira’s 500-acre, multi-phase development project, East Area One, could receive final approval for beginning development at a Santa Paula City Council meeting on Feb. 17.

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Banking & Finance View All →

Calavo shares shoot up on Q1 earnings

By   2 hours ago

Santa Paula-based Calavo Growers roared out of the gate with a profit of $5.3 million in its fiscal 2015 first quarter, according to release from the company. The company’s shares jump nearly 6.5 percent to $45.05 at market close. After recording a $1.8 million loss in the same period last year, Calavo appears back on […]

Read More →

Amgen’s portfolio threatened as FDA paves path for lower-cost drugs

A scientist works in a lab at Thousand Oaks-based Amgen. (Courtesy photo)

By   4 hours ago

Zarxio, the first biopharmaceutical copycat approved in the U.S., will pave the way for lower-cost alternatives to existing treatments.

Read More →

Startup investment platform takes root in Westlake Village

Alon Goren, founder of Invested.in and INVST, is a Thousand Oaks resident and recently relocated his startup operations to Westlake. (Courtesy photo)

By   1 week ago

INVST hopes to stimulate investment activity by allowing giving institutional-grade funds an online presence.

Read More →

CNB heats up banking wars

By   2 weeks ago

City National Bank has become the newest entrant in the competitive Santa Barbara banking market.

Read More →

Heritage Oaks Q4 profits jump 24%

By   1 month ago

The increase was primarily due to the inclusion of Mission Community Bancorp’s operating results, which boosted pre-tax net income in the company’s fourth quarter financials.

Read More →

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   1 month 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.

Read More →

Region’s crop producers take stock

By   1 month ago

The region’s main avocado and citrus growers are facing two very different situations — one bright, the other less so.

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Dubroff: City National CEO describes strategy behind $5.4B RBC deal

By   1 month ago

Overlooked in some media reports is the fact that with the former Dain Rauscher brokerage firm as part of its existing U.S. footprint, RBC has a strong presence, particularly in the West and Midwest.

Read More →

Opinion View All →

Dubroff: The Business Times celebrates 15 years with a Hall of Fame gala

By   18 hours ago

When you look at the masthead of this issue of Pacific Coast Business Times, you will notice something new. This is Volume 16 No. 1 and it is the beginning of our 15th anniversary year. The special banner at the top of Page One signifies that for 780-plus consecutive weeks, we’ve been offering our subscribers […]

Read More →

Op/ed: I’m told I’m lucky — and the harder I work, the luckier I am

By   18 hours ago

By Lisa Spiwak On March 17 we celebrate St. Patrick’s Day, which is also a celebration of luck of sorts. We will search out four leaf clovers and little green leprechauns to bring us good luck and hopefully to find a pot of gold at the end of the rainbow. As lovely as these celebrations […]

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Op/ed: Letting taxpayers off the hook for subsidies: a case of moral hazard

By   18 hours ago

American political culture has morphed from a ‘can do’ attitude to an ‘it’s easier to kick the can down the road’ approach to decision-making.

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Editorial: Engineer paid ultimate price to save passengers

By   18 hours ago

We will never know what would have happened had Glenn Steele not stepped up to bring the train under control before the Feb. 24 collision.

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Letters to the editor: Oxnard Metrolink collision

By   18 hours ago

With California traffic congestion becoming more and more of a problem, the train is going to be a vital mode of transportation and the infrastructure of public train transportation must be improved.

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Editorial: First responders earn praise for Oxnard effort

By   1 week ago

While Ventura County’s spending on critical infrastructure has been woefully lacking in recent years, its spending on emergency services and health care has been up to par.

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Op/ed: Health care reform is ultimately a question of justice

By   1 week ago

The courts aren’t justice but merely symbols of our desire to be just — yet so many of our moral issues end up adjudicated there.

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Dubroff: Region’s recent tragedies reveal weaknesses in community investment

By   1 week ago

Tragedies like the Metrolink crash and the Isla Vista shootings should be a wake-up call about public spending priorities.

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East Ventura County View All →

New $8M arts building planned for CLU

By   1 week 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 […]

Read More →

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   1 month 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.

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 months 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.

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Simi, Ventura put a stop to new massage parlors

By   2 months 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   2 months 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   3 months 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 →

Camarillo industrial buildings sell for $54.5M

Mission Oaks Corporate Center

By   3 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   4 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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West Ventura County View All →

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   1 week ago

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

Read More →

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   1 week ago

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

Read More →

Costs add up for business, port as White House urges talks

By   2 weeks ago

More than two dozen ports along the West Coast have faced delayed shipments and oftentimes major financial losses as a result of work stoppages initiated by the Pacific Maritime Association.

Read More →

Sparks fly as Edison vows to cut back on outages

By   4 weeks ago

Southern California Edison says keeping the lights on in the service corridor running from Ventura to Santa Barbara is a top priority.

Read More →

Oasis counts on Titan: Tax credits will help add 357 jobs

George Baldonado of Oasis Technology with the company’s Titan anti-hacking device. (Nik Blaskovich photo)

By   1 month ago

Thanks to corporate clients’ growing demand for security solutions and $2 million in California tax credits, Oasis plans to multiply its workforce nine-fold and create 357 jobs in the next three years.

Read More →

Economy will strengthen, experts say

By   2 months 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   3 months 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   3 months 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 →

South Coast View All →

Calavo shares shoot up on Q1 earnings

By   2 hours ago

Santa Paula-based Calavo Growers roared out of the gate with a profit of $5.3 million in its fiscal 2015 first quarter, according to release from the company. The company’s shares jump nearly 6.5 percent to $45.05 at market close. After recording a $1.8 million loss in the same period last year, Calavo appears back on […]

Read More →

Westmont launches Center for Social Entrepreneurship downtown SB

By   5 hours ago

Santa Barbara’s Christian liberal arts college is tapping into the downtown business community with a new program that focuses on entrepreneurship and social change.

Read More →

New $8M arts building planned for CLU

By   1 week 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 […]

Read More →

Sparks fly as Edison vows to cut back on outages

By   4 weeks ago

Southern California Edison says keeping the lights on in the service corridor running from Ventura to Santa Barbara is a top priority.

Read More →

SB restaurants eye Goleta location

By   4 weeks ago

Two downtown Santa Barbara restaurants could soon launch new locations in the the Camino Real Marketplace in Goleta.

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Ryland beats Street on higher home sales

By   1 month ago

Shares of the The Ryland Group finished trading up more than 8 percent Thursday after the company released fourth-quarter earnings with revenues up 24.7 percent, trumping analysts expectations.

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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   1 month 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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Miramar green-lighted, but Caruso not happy with restrictions

By   1 month 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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Central Coast View All →

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   18 hours 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.

Read More →

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   1 week 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.

Read More →

REC Solar sells majority share to nation’s largest utility

By   4 weeks 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.

Read More →

Heritage Oaks Q4 profits jump 24%

By   1 month ago

The increase was primarily due to the inclusion of Mission Community Bancorp’s operating results, which boosted pre-tax net income in the company’s fourth quarter financials.

Read More →

Paso wine country gets drought relief with early storms

By   2 months 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 months 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 months 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   2 months 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 →