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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   2 days 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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Beach town in spotlight: Carpenteria benefits from tech firms like Lynda.com

Linden Avenue in downtown Carpinteria. The city is home to Lynda.com, which is being purchased in a $1.5 billion transaction by the Silicon Valley company LinkedIn. (Nik Blaskovich / Business Times photo)

By   2 days ago

Carpinteria is made up of just seven square miles and about 14,000 residents, yet companies including Agilent Technologies subsidiary Dako, silicone manufacturer Nusil and restaurant management firm CKE all call it home.

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Surgery centers at issue in health care merger

By and   2 days ago

The FTC would not comment on the merger, but officials at the two companies say the agency has questioned at length the merger of the only inpatient hospital on the South Coast with the large physician practice.

Read More →

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

The completed clubhouse at Siena Apartments. (Courtesy photo)

By   2 days 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.

Read More →

Vintners measure ‘soul’ of their wine with phenolics testing

By   2 days ago

They are analyzing phenolic levels in robust red wines like cabernet sauvignon and syrah to help them make more reliable decisions on when to separate the juice from skins and stems, and how to blend to achieve consistent structure in successive vintages.

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Botanic Gardens leads push to use less thirsty plants

The Garden Growers Nursery, adjacent to the Santa Barbara Botanic Gardens, sells drought-resistant native plants. (Nik Blaskovich / Business Times photo)

By   2 days ago

Even traditional nurseries, which tend to suffer during droughts, are expanding their native and drought-tolerant offerings.

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Dubroff: Rick Caruso gets his moment and Miramar gets the green light

By   2 days ago

It’s worth noting that Volume 1, Issue 1 of the Business Times, written slightly more than 15 years ago, featured a story about the first plans for reconstructing the Miramar.

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Cancer foundation launches fund, enlists Amgen

By   2 days ago

The roots of the Kids’ Cancer Research Foundation in San Luis Obispo go back more than a decade ago to a diagnosis that changed the life of Frank Kalman, the organization’s founder.

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Small Business View All →

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   1 week 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   1 week 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 weeks 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 weeks 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 weeks 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   3 weeks 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   3 weeks ago

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

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Pedal to the metal: Stinner Frameworks expands

Aaron Stinner works in his shop near the Santa Barbara Airport. His company, Stinner Frameworks, has a fast-growing presence in the world of hand-built bicycles. (Nik Blaskovich / Business Times photo)

By   4 weeks ago

The company is one of just 100 or so handmade bike builders in the U.S. that, save for components like brakes and wheels, custom manufacture everything from the bicycle frame to the paint.

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Technology View All →

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   2 days 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.

Read More →

FDA approves Amgen heart drug

By   3 days ago

The drug is the first chronic heart failure medication approved by the FDA in nearly a decade.

Read More →

Amgen alum speeds toward OK for chin drug

By   1 week ago

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

Read More →

AppFolio buys San Diego real estate tech firm

The RentLinx team at its San Diego office. The startup is AppFolio's first-ever property management acquisition. (Photo courtesy AppFolio)

By   1 week ago

Although AppFolio hasn’t been particularly acquisitive to date, company CEO Brian Donahoo said RentLinx provided a solution to problems clients had brought forth.

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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   1 week 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 →

LinkedIn picks up Lynda.com to lift content offerings

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 week ago

The social networking platform is acquiring Carpinteria-based Lynda.com in a $1.5 billion cash and stock deal.

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AppFolio acquires San Diego software startup RentLinx

By   1 week ago

The company hopes the deal will allow its clients better market vacancies.

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Solar3D up-lists to NASDAQ on strength of acquisitions

The Drumheller Rice Dryers farming operation powered by Solar3D in Butte City, California. (Photo courtesy of Solar3D)

By   2 weeks ago

The firm raked in $20.2 million in revenue for 2014 and reported operating income of $311,072, compared to an operating loss of $1.1 million for the same period in 2013.

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Real Estate View All →

Beach town in spotlight: Carpenteria benefits from tech firms like Lynda.com

Linden Avenue in downtown Carpinteria. The city is home to Lynda.com, which is being purchased in a $1.5 billion transaction by the Silicon Valley company LinkedIn. (Nik Blaskovich / Business Times photo)

By   2 days ago

Carpinteria is made up of just seven square miles and about 14,000 residents, yet companies including Agilent Technologies subsidiary Dako, silicone manufacturer Nusil and restaurant management firm CKE all call it home.

Read More →

Surgery centers at issue in health care merger

By and   2 days ago

The FTC would not comment on the merger, but officials at the two companies say the agency has questioned at length the merger of the only inpatient hospital on the South Coast with the large physician practice.

Read More →

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

The completed clubhouse at Siena Apartments. (Courtesy photo)

By   2 days 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.

Read More →

Dubroff: Rick Caruso gets his moment and Miramar gets the green light

By   2 days ago

It’s worth noting that Volume 1, Issue 1 of the Business Times, written slightly more than 15 years ago, featured a story about the first plans for reconstructing the Miramar.

Read More →

Housing conference spotlights worsening market for buyers

By   2 days ago

There are plenty of reasons why the South Coast housing market continues to have such high barriers to entry, and probably always will.

Read More →

New funding models will test South Coast housing market

By   2 days ago

Even though it took nearly a decade to complete, Cottage Health System’s Bella Riviera still one of the few examples of employer-developed housing on the South Coast. And it’s a model that’s helped clear a path for others trying to fill a gap in one of the nation’s least affordable housing markets.

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Cottage looks to sell surgery center, Sansum merger delayed six months

By   5 days ago

The possible sale is an effort to smooth out any wrinkles with the Federal Trade Commission over the proposed merger with Sansum Clinic.

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REI building on lower State changes hands for $22M

Outdoor gear retailer REI is the anchor tenant at the downtown Santa Barbara retail property that recently traded hands for about $22 million. (Courtesy image)

By   1 week ago

The center, located on lower State Street along Highway 101, represents the largest sale of retail property in downtown Santa Barbara in 13 years.

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Banking & Finance View All →

FDA approves Amgen heart drug

By   3 days ago

The drug is the first chronic heart failure medication approved by the FDA in nearly a decade.

Read More →

Amgen alum speeds toward OK for chin drug

By   1 week ago

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

Read More →

Solar3D up-lists to NASDAQ on strength of acquisitions

The Drumheller Rice Dryers farming operation powered by Solar3D in Butte City, California. (Photo courtesy of Solar3D)

By   2 weeks ago

The firm raked in $20.2 million in revenue for 2014 and reported operating income of $311,072, compared to an operating loss of $1.1 million for the same period in 2013.

Read More →

Calavo gains with avocados, strawberries blossom statewide

By   2 weeks ago

The Tri-Counties was hit with at least $10 million in lost crop revenue last year, but there are still a good number of bright spots in ag.

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Amgen touts positive results with new heart health drug

By   4 weeks 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.

Read More →

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

By   1 month 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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Calavo shares shoot up on Q1 earnings

By   1 month 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 a release from the company. The company’s shares jumped nearly 6.5 percent to $45.05 at the market’s close. After recording a $1.8 million loss in the same period last year, Calavo appears […]

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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   1 month ago

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

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Opinion View All →

Dubroff: Rick Caruso gets his moment and Miramar gets the green light

By   2 days ago

It’s worth noting that Volume 1, Issue 1 of the Business Times, written slightly more than 15 years ago, featured a story about the first plans for reconstructing the Miramar.

Read More →

Op/ed: Is China’s growth chimeral?

By   2 days ago

While a boon for export industries, a weaker yuan is further adding to default risks.

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Editorial: CPUC has its hands full with Comcast decision

By   2 days ago

Making sure that Comcast is an engaged corporate citizen — especially when it comes to providing broadband to underserved areas — might be one way for the CPUC to put its stamp on the merger without wreaking havoc on the region’s competitiveness.

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Dubroff: With water districts in a cost squeeze, mergers may be the best fix

By   1 week ago

Brown’s bold move to cut water use by 25 percent in cities and suburbs is really a shot across the bow of special districts to get their fiscal affairs in order or find merger partners.

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Letter to the editor: Independent bookstores not ready to fold

By   1 week ago

The Granada story proves that running a bookstore is not easy, but indie stores have survived and even prospered over the past several years.

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Editorial: As the newspaper world turns

By   1 week ago

Shifting ownership and regional printing operations are part of a major realignment going on in the daily newspaper business.

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Letter to the editor: Quenching Montecito’s thirst

By   1 week ago

It is imperative to bring in additional sources of water — through seawater desalination, additional supplementary purchases, or some other source — to Montecito for the 2016-2017 water year.

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Editorial: As Lois Capps bows out, race for her seat begins

By   1 week ago

The challenge for the next Democratic nominee will be to keep a broad coalition of Hispanic and small-business voters energized while appealing to environmentalists.

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East Ventura County View All →

Amgen alum speeds toward OK for chin drug

By   1 week ago

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

Read More →

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

By   4 weeks ago

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

Read More →

Amgen touts positive results with new heart health drug

By   4 weeks 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.

Read More →

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   4 weeks 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   1 month 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   2 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   3 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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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   3 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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West Ventura County View All →

FAA approves $300,000 for Camarillo Airport repaving

By   2 days 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   1 week 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 weeks 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   1 month ago

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

Read More →

County won’t OK wastewater firm permit

By   1 month 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   2 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   2 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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Costs add up for business, port as White House urges talks

By   2 months 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.

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South Coast View All →

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   2 days 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.

Read More →

Beach town in spotlight: Carpenteria benefits from tech firms like Lynda.com

Linden Avenue in downtown Carpinteria. The city is home to Lynda.com, which is being purchased in a $1.5 billion transaction by the Silicon Valley company LinkedIn. (Nik Blaskovich / Business Times photo)

By   2 days ago

Carpinteria is made up of just seven square miles and about 14,000 residents, yet companies including Agilent Technologies subsidiary Dako, silicone manufacturer Nusil and restaurant management firm CKE all call it home.

Read More →

Surgery centers at issue in health care merger

By and   2 days ago

The FTC would not comment on the merger, but officials at the two companies say the agency has questioned at length the merger of the only inpatient hospital on the South Coast with the large physician practice.

Read More →

Housing conference spotlights worsening market for buyers

By   2 days ago

There are plenty of reasons why the South Coast housing market continues to have such high barriers to entry, and probably always will.

Read More →

FAA approves $300,000 for Camarillo Airport repaving

By   2 days 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 […]

Read More →

Cottage looks to sell surgery center, Sansum merger delayed six months

By   5 days ago

The possible sale is an effort to smooth out any wrinkles with the Federal Trade Commission over the proposed merger with Sansum Clinic.

Read More →

LinkedIn picks up Lynda.com to lift content offerings

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 week ago

The social networking platform is acquiring Carpinteria-based Lynda.com in a $1.5 billion cash and stock deal.

Read More →

SB retail property has new owner in eight-figure deal

Outdoor gear retailer REI is the anchor tenant at the downtown Santa Barbara retail property that recently traded hands for about $22 million. (Courtesy image)

By   2 weeks ago

The complex on State Street along Highway 101, anchored by REI, was previously purchased in two separate deals for about $13 million between 2005 and 2010.

Read More →

Central Coast View All →

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

The completed clubhouse at Siena Apartments. (Courtesy photo)

By   2 days 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.

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   1 week 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   1 month 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   1 month 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   2 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   2 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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Heritage Oaks Q4 profits jump 24%

By   2 months 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.

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Paso wine country gets drought relief with early storms

By   3 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 →