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Before merger is approved Albertons & Safeway to sell 168 stores

By   /  Friday, December 19th, 2014  /  Banking & Finance, Latest news, Real Estate, Restaurants, Top Stories, Tri-County Economy  /  No Comments

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.

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LTC Properties raises $24.5M through sale of shares

By   /  Friday, December 19th, 2014  /  Banking & Finance, Latest news, Real Estate, Top Stories, Tri-County Public Companies, West Ventura County  /  No Comments

According to company filings, LTC will use the proceeds of the sale to pay down outstanding debt on its unsecured credit line, fund acquisitions and current development pipeline and for general corporate purposes.

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

By   /  Friday, December 19th, 2014  /  Central Coast, Latest news, Top Stories, Tri-County Public Companies  /  No Comments

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.

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

By   /  Friday, December 12th, 2014  /  Banking & Finance, Latest news, Personal Finance, South Coast, Subscriber content, Top Stories  /  No Comments

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

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.

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Wells Fargo to open new Santa Barbara location

By   /  Thursday, December 11th, 2014  /  Banking & Finance, Banking Industry, Latest news, South Coast, Top Stories  /  No Comments

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 […]

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A small gain in revenue as Vitesse shifts product strategy

By   /  Thursday, December 4th, 2014  /  Latest news, Technology, Top Stories, Tri-County Public Companies  /  No Comments

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

By   /  Friday, November 28th, 2014  /  Latest news, Technology, Top Stories, Tri-County Public Companies  /  No Comments

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)

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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