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Haas revs up Formula One to expand globally

Team Ferrari's Michael Schumacher makes a pitstop at the Formula One Grand Prix of China. (Bloomberg News file photo)

By   1 day ago

The racing team will be the motorsport’s first American-owned entrant in 30 years when it joins the F1 grid in 2016.

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Montecito has no cheap fix for drought

By   1 day ago

Mounting water deficits are forcing smaller communities in the Tri-Counties to take drastic action to cope with the state’s worst drought in decades.

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Business flyers trade bigger planes for fewer flights

United Airlines will begin routing flights from the Santa Maria Public Airport to San Francisco International instead of Los Angeles International beginning May 9. (Courtesy photo)

By   1 day ago

The latest maneuvers by United Airlines could push travelers to look to Burbank and LAX for convenience and cost savings.

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Navy turns to area firms for work at Surface Warfare Center

By   1 day 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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Dubroff: It’s no easy task to put a fresh face on a spectacular retail disaster

By   1 day ago

The opportunity for Fresh & Easy 2.0 will be dramatically different from what Tesco envisioned in the pre-recession era.

Read More →

SLO restaurateur rides a wave of business, tourism growth

Arroyo Grande’s Rooster Creek Tavern.

By   1 day ago

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

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Kearney’s honorary degree caps years of service to CSUCI

By   1 day ago

Longtime CSU Channel Islands Foundation board member Bill Kearney will receive an honorary Doctorate of Humane Letters at the university’s May 16 commencement ceremony.

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MOXI museum could spark revival on lower State Street

By   1 day ago

Geared toward children between ages three and 12 and scheduled to open in late 2016, the museum is expected to draw upwards of 95,000 visitors annually.

Read More →

Small Business View All →

Navy turns to area firms for work at Surface Warfare Center

By   1 day 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.

Read More →

SLO restaurateur rides a wave of business, tourism growth

Arroyo Grande’s Rooster Creek Tavern.

By   1 day ago

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

Read More →

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   1 week 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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Oil and gas software firm scores $20M

By   1 week ago

Founded in 2009, Seven Lakes Technologies develops plug-and-play software that optimizes operations at oil and gas companies using data-driven analytics.

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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   1 week 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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Spencer Makenzie’s takes seafood formula from Ventura to SLO

Family-owned Spencer Makenzie's fish tacos at the San Luis Obispo location. (Nik Blaskovich / Business Times photo)

By   1 week ago

Late on a recent Monday afternoon, patrons packed the walls of the restaurant on Thompson Boulevard, lining up for the award-winning fish tacos and Southern California staples like ceviche and burgers.

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Craft brew startups look for niches as capital bubbles up

MadeWest Brewing Co.’s co-founder Seth Gibson, left, and head brewer Mike Morrison. (Nik Blaskovich / Business Times photos)

By   2 weeks ago

While jousting in the upper rungs of the craft beer industry is limited, the battle at the bottom is getting interesting.

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Westmont launches Center for Social Entrepreneurship downtown SB

By   3 weeks 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.

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Technology View All →

Lompoc staff questions Space Center proposal

By   1 week ago

Key components of the proposal including relevant experience, financial resources and development partners were significantly lacking, according to a city staff report.

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Oil and gas software firm scores $20M

By   1 week ago

Founded in 2009, Seven Lakes Technologies develops plug-and-play software that optimizes operations at oil and gas companies using data-driven analytics.

Read More →

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

By   1 week 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   1 week 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   1 week 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.

Read More →

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

By   1 week 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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Amgen braces for battle over biosimilars

By   2 weeks 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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FCC turns its sights to Comcast-Time Warner Cable deal

By   2 weeks ago

If approved — an outcome analysts feel is likely — the merger would create a Comcast-Cox duopoloy among tri-county cable providers.

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Real Estate View All →

SLO restaurateur rides a wave of business, tourism growth

Arroyo Grande’s Rooster Creek Tavern.

By   1 day ago

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

Read More →

MOXI museum could spark revival on lower State Street

By   1 day ago

Geared toward children between ages three and 12 and scheduled to open in late 2016, the museum is expected to draw upwards of 95,000 visitors annually.

Read More →

Lompoc staff questions Space Center proposal

By   1 week ago

Key components of the proposal including relevant experience, financial resources and development partners were significantly lacking, according to a city staff report.

Read More →

Lululemon store headed back to downtown SLO, this time to stay

By   1 week ago

The Lululemon showroom is slated to take up residence in the historic Kaetzel House at 547 Marsh St., the former home of the Land Conservancy of SLO County and the Johnson Gallery.

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Napa’s Walt Wines leases Clos Pepe Vineyard

By   1 week ago

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

Read More →

Simon bid shakes up mall ownership

Pacific View Mall in Ventura is one of many Macerich Co.-operated shopping centers in the Tri-Counties that could change hands as part of a $16 billion takeover. (Nik Blaskovich / Business Times photo)

By   2 weeks ago

Indianapolis-based Simon Property Group isn’t satisfied with its 3.6 percent ownership stake in its real estate investment trust competitor Macerich Co.

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Law: Ventura County case spotlights dispute over NBVC complex

By   2 weeks ago

A company that helped build a 300-unit housing project for Naval Base Ventura County in Port Hueneme claims it’s owed more than $7 million by its long-time development partner. Watt Properties, in addition to plaintiffs F.W. Parker and David Parker, filed a complaint March 3 in Ventura County Superior Court against Jesco Limited Partnership. The […]

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CRE: $8.5M gift funds concert hall at Thomas Aquinas College

By   2 weeks ago

The campus’ next addition is an $8.5 million concert and lecture hall donated by the Fritz B. Burns Foundation.

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Banking & Finance View All →

Amgen touts positive results with new heart health drug

By   1 week 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 week 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 →

Calavo shares shoot up on Q1 earnings

By   3 weeks 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   3 weeks 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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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   4 weeks ago

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

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CNB heats up banking wars

By   1 month ago

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

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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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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   2 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.

Read More →

Opinion View All →

Dubroff: It’s no easy task to put a fresh face on a spectacular retail disaster

By   1 day ago

The opportunity for Fresh & Easy 2.0 will be dramatically different from what Tesco envisioned in the pre-recession era.

Read More →

Op/ed: Opening the ‘boys club’ to women — and ushering in success

By   1 day ago

Excelling in business requires leveraging the talents of everyone involved.

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Op/ed: Corporate America seems to be developing a social conscience

By   1 day ago

And today’s employees are seeking employers focused not only on revenue, but also on the planet and society.

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Editorial: SBCAG takes big step toward 101 widening

By   1 day ago

When we began publishing 15 years ago, the conventional wisdom was that Highway 101 would not be widened in our lifetime.

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Op/ed: ‘Leadership bills,’ a plan to get the Senate working again

By   1 week ago

Instead of a budget-based reconciliation, Congress needs a superbill the majority party could use as a filibuster-exempt legislative vehicle once a year.

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Op/ed: PG&E exec answers critics, says Diablo Canyon is safe, secure

By   1 week ago

Our March 13 editorial raised questions about PG&E’s recent seismic assessment of the Diablo Canyon nuclear plant near Avila Beach. In response to coverage in the Business Times and other media, PG&E has offered the following commentary.

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Editorial: Santa Maria gets on the right track for job growth

By   1 week ago

Santa Maria is beginning to think seriously about the workforce of the future.

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Dubroff: Simon, Macerich brawl over mall empires could squeeze the little guy

By   1 week ago

With one company potentially controlling that much retail square footage on the Highway 101 corridor, from Ventura County to Pismo Beach, the opportunity for leverage clearly will lie in the hands of Simon Property.

Read More →

East Ventura County View All →

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

By   1 week 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   1 week 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   1 week 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.

Read More →

Amgen braces for battle over biosimilars

By   2 weeks 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.

Read More →

New $8M arts building planned for CLU

By   4 weeks 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   2 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.

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.

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West Ventura County View All →

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

By   1 week 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   2 weeks 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   4 weeks 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   4 weeks 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   1 month 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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Sparks fly as Edison vows to cut back on outages

By   2 months ago

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

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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   2 months 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.

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Economy will strengthen, experts say

By   3 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.

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South Coast View All →

Calavo shares shoot up on Q1 earnings

By   3 weeks 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 […]

Read More →

Westmont launches Center for Social Entrepreneurship downtown SB

By   3 weeks 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   4 weeks 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   2 months 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   2 months 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   2 months 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   2 months 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   2 months 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 →

Napa’s Walt Wines leases Clos Pepe Vineyard

By   1 week ago

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

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   3 weeks 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   4 weeks 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   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.

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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 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.

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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.

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