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Before merger is approved Albertons & Safeway to sell 168 stores

By   1 day ago

The divestiture of the stores is part of another deal to secure FTC clearance for Albertons to acquire Safeway in a $9.2 billion deal. That transaction, which the companies are calling a merger, was announced in March and is expected to close in January.

Read More →

LTC Properties raises $24.5M through sale of shares

By   1 day 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.

Read More →

Oilfield waste firm faces curb on VC shipments

By   2 days 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 →

Drones spark interest from startups to CSUCI

By   2 days 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.

Read More →

Riding a new wave: Iron & Resin tests San Francisco appeal

Iron & Resin owner and co-founder Thom Hill at the company’s store in Ventura. (Nik Blaskovich / Business Times photo)

By   2 days ago

Iron & Resin, a lifestyle retailer steeped in the motorcycle and surf culture of Ventura opened its second flagship location in San Francisco on Dec. 1.

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Santa Barbara’s historic El Paseo is new wine destination

Doug Margerum (Courtesy image)

By   2 days ago

When Jamie Slone was looking to establish a tasting room in downtown Santa Barbara for his inaugural line of wines, he liked the cluster of three tasting spots at the city’s historic El Paseo complex and was looking to join them.

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Dubroff: With drought worries shelved, falling oil prices give region a break

By   2 days ago

On a drive throughout much of the Highway 101 corridor dodging rainstorms on Dec. 15, I learned a lot about how much the psychology of a return to normal weather is having on the region.

Read More →

The Shopping Center Group makes West Coast retail play

By   2 days ago

Atlanta-based retail real estate firm The Shopping Center Group recently opened its first West Coast office in Santa Barbara.

Read More →

Small Business View All →

Drones spark interest from startups to CSUCI

By   2 days 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.

Read More →

Seacoast Yachts plots expansion course

From left, Seacoast Yachts co-owner Brian Coryat, Business Manager Patti Lendick, co-owner Vicki Van Hook and co-owner Bob Nahm stand aboard a yacht in Santa Barbara harbor. (Nik Blaskovich / Business Times photo)

By   1 week ago

With sales running at their highest rate since the pre-financial crisis days of 2006, Santa Barbara-based Seacoast Yachts is now expanding to the Channel Islands Harbor in Oxnard.

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Worth the weight: State Street venue features 250 million-year-old salt rocks

Salt, located at the heart of State Street in Santa Barbara, is home to North America’s largest salt cave founded by Pam McCaskey, center. (Courtesy image)

By   1 week ago

To build the one-of-a-kind structure, McCaskey imported 47 tons of pink Himalayan salt from Pakistan, regarded as the purest salt on Earth.

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The dish on surviving a recession

Justin West, owner of downtown Santa Barbara restaurant Julienne. Despite founding the eatery with his wife Emma during the depths of the recession in 2008, the two have found a recipe for success. (Nik Blaskovich / Business Times photo)

By   3 weeks ago

After opening at the peak of the 2008 recession, downtown Santa Barbara restaurant Julienne has since managed to woo the likes of Anthony Bourdain and the Los Angeles Times.

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The business cycle: Leadership program helps Newbury Park entreprenuer

Worldwide Cyclery co-owners, from left, Jeff Cayley, Andy Anderson, Patrick Barbee and Michael Bartovsky. (Nik Blaskovich / Business Times photo)

By   3 weeks ago

At the age of 25, Jeff Cayley has transformed a career in mountain bike racing into a booming cycling business that raked in nearly $3 million in sales this past year.

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Teenage powerhouse revolutionizes cinemas for hearing impaired

By   4 weeks 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.

Read More →

End of the road: Family business loses bus contract

Chap Morris, owner of bus service Fillmore Area Transit Corp., stands alongside one of the company’s buses. After 40 years in business, the firm will shutter by February. (Nik Blaskovich / Business Times photo)

By   1 month ago

FATCO will end its current contract with Ventura County Transportation Commission in February, when MV Transportation, which currently serves the majority of Ventura County, takes over services for the Fillmore and Santa Paula area.

Read More →

Downtown group joins effort to promote shopping local

The Grapeseed Co. team, from left, media and catalog designer Julia Marsh, manager Bre Wright, owner Kristin Fraser and sales and manufacturing assistant Silvia Corral.

By   1 month ago

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

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Technology View All →

Drones spark interest from startups to CSUCI

By   2 days 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.

Read More →

Allergan alumni launch FDA compliance firm

By   1 week ago

Though the services provided by 123Compliance may not deliver the behemoth employer that could replace Allergan’s big footprint, the company, with 20 employees worldwide, has been growing exponentially.

Read More →

Sonos sticks to strategy after $130M financing

By   2 weeks ago

The company preserved its autonomy while maintaining its status as an attractive acquisition with the sale of $130 million in secondary equity, giving eight early shareholders a chance to cash out.

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With advent of cyber funding, it’s hard to stand out in a crowd

By   2 weeks ago

The crowdfunding model has proven efficient in launching products, but can it be the basis of success?

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Calient’s high-speed broadcast gear joins Fox partnership

calientWEBcropped

By   2 weeks ago

The Goleta-based company formed a partnership with CP Communications, headquartered in New York, at the behest of Fox Sports, who will use the 4K-resolution network beginning with the Franklin Templeton Shootout golf tournament broadcast Dec. 8-13.

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A small gain in revenue as Vitesse shifts product strategy

By   2 weeks ago

The Camarillo-based firm recorded revenue of $108.5 million, slightly up from $103.8 million the year before.

Read More →

Deckers’ new store concept fits move to online shopping

A shopper navigates Deckers Brands’ so-called omni-channel retail concept at the company’s newest Ugg Australia store, in Washington, D.C. (Courtesy image)

By   3 weeks ago

The D.C. store is the first full realization of the omni-channel concept, unveiled at the Deckers’ Goleta headquarters in March, which uses touchscreens and tablets to turn its stores into a sort of Apple store for shoes.

Read More →

Edison taps area company to add storage

By   4 weeks ago

Five companies received 260-megawatts’ worth of energy storage deals, with the other 2000-megawatts worth of contracts allocated toward energy efficiency, demand response, behind-the-meter renewables and gas-fired generation, with natural being the biggest winner.

Read More →

Real Estate View All →

Before merger is approved Albertons & Safeway to sell 168 stores

By   1 day ago

The divestiture of the stores is part of another deal to secure FTC clearance for Albertons to acquire Safeway in a $9.2 billion deal. That transaction, which the companies are calling a merger, was announced in March and is expected to close in January.

Read More →

LTC Properties raises $24.5M through sale of shares

By   1 day 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.

Read More →

The Shopping Center Group makes West Coast retail play

By   2 days ago

Atlanta-based retail real estate firm The Shopping Center Group recently opened its first West Coast office in Santa Barbara.

Read More →

Kimpton sold to UK hotel group in $430M deal, Miramar delayed

By   4 days ago

The deal is touted as a move to accelerate growth of the new company’s brands in the U.S., particularly in Europe and Asia, where demand for boutique brands is on the rise.

Read More →

Former Raytheon property in Goleta sells for $2.8M

The industrial property at 5756 Thornwood Dr., currently home to FLIR Systems recently sold for $2.8 million.

By   5 days ago

Once home to aerospace and defense firm Raytheon, the industrial building at 5756 Thornwood Drive in Goleta has new owners, and improvements are on the way.

Read More →

$33M financing approved for Ventura apartment plan

By   1 week ago

CBRE Capital Markets’ Debt & Structured Finance team announced Dec. 9 that the firm secured a $33.1 million construction loan for Parklands Apartments, a 173-unit, high-end apartment development in Ventura.

Read More →

New lease marks turnaround of $17.8M deal

Camarillo Plaza

By   2 weeks 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 […]

Read More →

SLO County oil field could change hands

By   2 weeks ago

The Arroyo Grande oil field, a nearly 1500-acre site proposed for major well expansion in San Luis Obispo County, could be part of the next major oil industry asset deal to happen in the state.

Read More →

Banking & Finance View All →

Before merger is approved Albertons & Safeway to sell 168 stores

By   1 day ago

The divestiture of the stores is part of another deal to secure FTC clearance for Albertons to acquire Safeway in a $9.2 billion deal. That transaction, which the companies are calling a merger, was announced in March and is expected to close in January.

Read More →

LTC Properties raises $24.5M through sale of shares

By   1 day 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.

Read More →

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

By   2 days 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.

Read More →

East Coast in focus as Somera Capital reaches $2B mark

David Brown, president of Somera Capital Management, in the firm’s Santa Barbara office. (Nik Blaskovich / Business Times photo)

By   1 week ago

With a core portfolio of assets from Palo Alto to Los Angeles, the company has started fishing for deals in the Seattle market and putting even more focus on East Coast markets from Washington, D.C. to Savannah, Georgia.

Read More →

Wells Fargo to open new Santa Barbara location

By   1 week ago

San Francisco-based Wells Fargo, one the largest employers in the Tri-Counties, is slated to open its fourth banking branch in Santa Barbara on Dec. 15. The new location is at 101 N. Milpas St. and will serve retail, mortgage and business banking customers. Wells Fargo signed the lease for the 2,600-square-foot former Blockbuster location in […]

Read More →

A small gain in revenue as Vitesse shifts product strategy

By   2 weeks ago

The Camarillo-based firm recorded revenue of $108.5 million, slightly up from $103.8 million the year before.

Read More →

Deckers’ new store concept fits move to online shopping

A shopper navigates Deckers Brands’ so-called omni-channel retail concept at the company’s newest Ugg Australia store, in Washington, D.C. (Courtesy image)

By   3 weeks ago

The D.C. store is the first full realization of the omni-channel concept, unveiled at the Deckers’ Goleta headquarters in March, which uses touchscreens and tablets to turn its stores into a sort of Apple store for shoes.

Read More →

Ceres still spending, but looks to generate revenue

By   4 weeks 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.

Read More →

Opinion View All →

Dubroff: With drought worries shelved, falling oil prices give region a break

By   2 days ago

On a drive throughout much of the Highway 101 corridor dodging rainstorms on Dec. 15, I learned a lot about how much the psychology of a return to normal weather is having on the region.

Read More →

Editorial: Torture report takes important step forward

By   1 week ago

With more than a decade to reflect on what the wrongful detentions, wasted millions and lies told by the government to justify secret spending, at least now the American people have some idea of what the government did or didn’t do in the name of national security.

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An update from the Pacific Coast Business Times newsroom

By   1 week ago

We’ve quietly added some new faces to the Pacific Coast Business Times news team during the past few months.

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Op/ed: ’Tis the season to borrow money from family and friends…Ugh!

By   1 week ago

If you follow these steps, you will be able to help your family and friends in their time of need without losing them in the process.

Read More →

Op/ed: Putting oil on the road to nowhere

By   1 week ago

Oil as a transportation fuel will be around for a few more decades. But oil as a hazardous monopoly fuel is now merely one of multiple options.

Read More →

Dubroff: Small Business Saturday adds up for Orcutt’s Mark Steller

By   2 weeks ago

In a year where Black Friday disappointed the big boxes and Cyber Monday was not as strong as online giants might have liked, Mark Steller is happy about the smaller scale results that Small Business Saturday delivered for Orcutt’s Old Town Market. I first met Steller in August when he was our North Santa Barbara […]

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Op/ed: Cheap oil won’t help Detroit sell more cars — but discounts will

By   2 weeks ago

By Edward Niedermeyer U.S. auto sales boomed on Black Friday as huge discounts pushed volumes to more than 17 million units on an annualized basis, the highest level in 11 years. But even with big price cuts pumping up deliveries of new cars — likely at the expense of fourth-quarter profit margins — the biggest discounts of […]

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Editorial: Williams bill a small step in sorting out Isla Vista

By   2 weeks ago

Isla Vista, as Williams points out, is a one-square-mile area with 20,000 residents and the most heavily urbanized area within California that is not part of a city.

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East Ventura County View All →

Reporting oversight costs SCE $170,000 in penalties

By   2 days 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 weeks 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 […]

Read More →

Ceres still spending, but looks to generate revenue

By   4 weeks 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.

Read More →

Teenage powerhouse revolutionizes cinemas for hearing impaired

By   4 weeks 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.

Read More →

Explosion at waste water treatment plant

By   1 month 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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Ventura County gets grant for walkway, biking projects

By   1 month ago

Many cities across the country are gearing more resources to improving public transportation and making their urban centers more pedestrian and bike friendly. In Ventura County, a $3.3 million grant from the California Transportation Commission, approved Nov. 14, is expected to boost that effort, providing funding for 54 active transportation projects in the region. Among […]

Read More →

Court levies $25M penalty on Conejo Valley firm

By   1 month ago

In a written opinion entered Sept. 18, the court found that 110,000 consumers had bought the defendants’ program and “more than 99.8 percent never earned any commission whatsoever.”

Read More →

Voters approve the bulk of bonds, taxes

By   1 month ago

Tri-county voters approved $910 million in school bonds on Nov. 4, with every bond proposal passing in Ventura and San Luis Obispo counties while just one passed in Santa Barbara County.

Read More →

West Ventura County View All →

LTC Properties raises $24.5M through sale of shares

By   1 day 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.

Read More →

Oilfield waste firm faces curb on VC shipments

By   2 days 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   2 days 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   6 days 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.

Read More →

Port of Hueneme sets record revenue

By   1 week 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 […]

Read More →

New lease marks turnaround of $17.8M deal

Camarillo Plaza

By   2 weeks 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 […]

Read More →

CSUCI and Navy set education partnership

By   3 weeks 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.

Read More →

North American Oil warns it could run out of cash

By   4 weeks ago

Unless North American Oil & Gas Corp. can raise enough capital to cover its operating expenses by Dec. 31, the Ventura company could be forced to close down.

Read More →

South Coast View All →

Kimpton sold to UK hotel group in $430M deal, Miramar delayed

By   4 days ago

The deal is touted as a move to accelerate growth of the new company’s brands in the U.S., particularly in Europe and Asia, where demand for boutique brands is on the rise.

Read More →

Former Raytheon property in Goleta sells for $2.8M

The industrial property at 5756 Thornwood Dr., currently home to FLIR Systems recently sold for $2.8 million.

By   5 days ago

Once home to aerospace and defense firm Raytheon, the industrial building at 5756 Thornwood Drive in Goleta has new owners, and improvements are on the way.

Read More →

Allergan alumni launch FDA compliance firm

By   1 week ago

Though the services provided by 123Compliance may not deliver the behemoth employer that could replace Allergan’s big footprint, the company, with 20 employees worldwide, has been growing exponentially.

Read More →

East Coast in focus as Somera Capital reaches $2B mark

David Brown, president of Somera Capital Management, in the firm’s Santa Barbara office. (Nik Blaskovich / Business Times photo)

By   1 week ago

With a core portfolio of assets from Palo Alto to Los Angeles, the company has started fishing for deals in the Seattle market and putting even more focus on East Coast markets from Washington, D.C. to Savannah, Georgia.

Read More →

Wells Fargo to open new Santa Barbara location

By   1 week ago

San Francisco-based Wells Fargo, one the largest employers in the Tri-Counties, is slated to open its fourth banking branch in Santa Barbara on Dec. 15. The new location is at 101 N. Milpas St. and will serve retail, mortgage and business banking customers. Wells Fargo signed the lease for the 2,600-square-foot former Blockbuster location in […]

Read More →

Port of Hueneme sets record revenue

By   1 week 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 […]

Read More →

Camarillo industrial buildings sell for $54.5M

Mission Oaks Corporate Center

By   3 weeks 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 […]

Read More →

Downtown group joins effort to promote shopping local

The Grapeseed Co. team, from left, media and catalog designer Julia Marsh, manager Bre Wright, owner Kristin Fraser and sales and manufacturing assistant Silvia Corral.

By   1 month ago

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

Read More →

Central Coast View All →

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

By   1 day 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 […]

Read More →

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

By   2 days 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.

Read More →

Water district sues state to overturn $1.1M fine

By   2 days 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 →

New lease marks turnaround of $17.8M deal

Camarillo Plaza

By   2 weeks 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 […]

Read More →

Allan Hancock College rolls out a new winery on campus

Alfredo Koch, of Allan Hanckock College’s viticulture and enology program. (Courtesy image)

By   4 weeks ago

This fall, students at the community college in Santa Maria moved to a new campus winery that has the look and scale of a commercial operation.

Read More →

Report: Cal Poly generates $1.4B

By   1 month ago

A new report commissioned by Cal Poly San Luis Obispo claims the university has an economic impact of more than $1.4 billion on San Luis Obispo and Northern Santa Barbara counties. That number jumped more than $300 million since Cal Poly last contracted a similar study for it’s 2002 -2003 fiscal year. The 60-page study […]

Read More →

Voters approve the bulk of bonds, taxes

By   1 month ago

Tri-county voters approved $910 million in school bonds on Nov. 4, with every bond proposal passing in Ventura and San Luis Obispo counties while just one passed in Santa Barbara County.

Read More →

Cash-strapped Guadalupe banks on DJ Farms project

By   1 month ago

For Guadalupe, it’s not the city’s expenses that are the problem — it’s revenue. With little commercial presence from businesses and a population of about 7,100, business tax revenues have dwindled and the ability to attract retailers is almost nonexistent.

Read More →