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Simi chamber CEO set to retire

By   13 hours ago

Following a 30-year career with the chamber, Nixon will be moving to Sumerlin, Nevada, with her husband. The organization’s board of directors will be conducting a search for her replacement over the next five months.

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

By   2 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   3 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 →

Chairman says Santa Paula cleanup could finish this year

By   4 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.

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Allergan alumni launch FDA compliance firm

By   7 days 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.

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Auto sales surge has big area impact

By   7 days ago

From car dealers in San Luis Obispo to shippers at the Port of Hueneme, businesses are benefiting from improved consumer confidence, lower auto prices and easier credit.

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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   7 days 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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Lands Commission hears Venoco’s plan for Ellwood facility

By   7 days ago

Denver-based oil and gas producer Venoco, which has significant operations on the South Coast, is pushing to have its revised environmental impact report approved for the recommissioning of an old well at Haskell’s Beach.

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Small Business View All →

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   7 days 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   7 days 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 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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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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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.

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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.

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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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Spinal fusion kit is latest innovation from ECA Medical

By   1 month ago

ECA Medical Instruments, a designer and manufacturer of single-procedure torque-limiting surgical kits and other medical devices, is producing the world’s first single-procedure spinal fusion kit.

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Technology View All →

Allergan alumni launch FDA compliance firm

By   7 days 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.

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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.

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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.

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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 →

Real Estate View All →

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

By   2 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   3 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   7 days 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.

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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.

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Camarillo industrial properties sell for $54.5 million

By   2 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.

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Subcontractors file liens against Toby Keith’s eatery

By   2 weeks ago

If the story of Toby Keith’s I Love This Bar & Grill at The Collection in Oxnard is itself the plot of tired, old country song, someone is about to lose a good dog and the love of an honest woman.

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Ventura County tackles farm housing shortage

By   3 weeks ago

Supporting the future of Ventura County’s roughly $2 billion agricultural economy isn’t just a water issue, it’s a housing issue. Imagine a family of six sharing a one-bedroom apartment in one of the rundown apartment complexes that dot the county. That’s the living situation of many families who work in the fields of Ventura County. […]

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Banking & Finance View All →

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   7 days 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   7 days 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 →

New product breathes life into Inogen third-quarter earnings

By   1 month ago

Inogen has benefited from the October release of its Inogen at Home product, which is the lightest continuous-flow oxygen concentrator available to consumers. It successfully floated an additional 2.4 million shares sold by existing stockholders and has announced an expanded credit line with J.P. Morgan Chase.

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Sientra debuts on Nasdaq

By   2 months ago

On a day when the Federal Reserve announced the end to its historical bond buying program, Sientra, the Santa Barbara-based medical aesthetics company, made a bit of history of its own. Sientra became the latest company in the Tri-Counties to list on a major stock exchange Oct. 29, selling 5 million shares of common stock […]

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Cost cutting, new drugs boost Amgen shares

By   2 months ago

Flash Player 9 or higher is required to view the chartClick here to download Flash Player nowView the full chart at Wikinvest Cost cutting moves and new drugs are starting to pay off for Amgen Inc., as the biotech giant raised earnings guidance after a stronger-than-expected third quarter. The company said Oct. 27 that strong […]

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Opinion View All →

Editorial: Torture report takes important step forward

By   7 days 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   7 days 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   7 days 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.

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Op/ed: Putting oil on the road to nowhere

By   7 days 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.

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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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Op/ed: The Gold Bug’s bull narrative keeps on failing investors

By   2 weeks ago

Rather than accepting certain unpleasant realities, gold bugs have contorted themselves into a painful waiting game.

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East Ventura County View All →

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   4 weeks 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.”

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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 →

Amid falling energy prices, Venoco slims down

By   2 months ago

With revenue sagging and pressure mounting to reduce its debt load, Venoco agreed to sell the Oxnard field for $200 million to an unnamed buyer.

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West Ventura County View All →

Chairman says Santa Paula cleanup could finish this year

By   4 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.

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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 →

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 →

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 →

Summers exits Ventura County Chamber of Commerce

By   2 months ago

The Ventura County Chamber of Commerce Board of Directors has announced that President and CEO Edward Summers is resigning. Summers’ resignation was effective on Oct. 24. Stepping into the position on an interim basis is current Vice Chair of Business Development Matthew Graczyk as the chamber launches the effort to find a new CEO. “We […]

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South Coast View All →

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

By   2 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   3 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   7 days 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   7 days 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   7 days 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 →

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.

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$20M gift to Cal Poly is largest ever

By   1 month ago

Former Apple chief financial officer Peter Oppenheimer and his wife Mary Beth made the single largest cash gift ever to Cal Poly San Luis Obispo, according to a Nov. 3 announcement from the university. The university expects the $20 million donation to completely cover the cost to develop and construct four new facilities projects within […]

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Figueroa Mountain says ‘Prost!’

By   2 months ago

Buellton-based craft brewer Figueroa Mountain is headed across the pond with plans to open a new taproom and brewing operation in Germany. Brewbound, a source for all things beer industry related, dropped the news Oct. 30 that Figueroa is headed to the Bavaria region of the country and plans to start contract brewing there within […]

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Santa Maria Valley awaits business park

By   2 months ago

After more than a decade of processing, permitting and managing a salamander on the federal list of threatened species, the Santa Maria Airport District is expecting to receive final approval on its much-delayed specific plan at the center, which would allow for an expanded business park.

Read More →