Future of Neverland Ranch unclear
As reports of the death of pop megastar Michael Jackson rolled in, the co-owner of his Neverland Ranch in the Santa Ynez Valley said it wouldn’t comment on the future of the property. “I can’t imagine we’re going to discuss that at this point,” Owen Blicksilver, a spokesman for Colony Capital, told the Business Times. Read More →
Pacific Capital suspends dividend payments
Santa Barbara-based Pacific Capital Bancorp said June 22 it has suspended dividend payments on its stock and has deferred interest payments on $69.4 million in debt. The parent company of Santa Barbara Bank & Trust and four other banks on the Central Coast, Pacific Capital Bancorp said the moves would preserve about $8 million per Read More →
Glen Annie Golf Club says it will close
The Glen Annie Golf Club said it plans to close July 6 after the Goleta City Council rejected a bid to build housing on the property that was designed to save the ailing course, which has lost as much as $1 million a year. “We have no other options, and sadly, we are forced to Read More →
Foreclosure stalls shopping center plan
The company trying to redevelop Radio Square in Santa Barbara has said it likely will have to walk away from the project after facing a foreclosure on the property for allegedly failing to repay a $5.3 million loan. The foreclosure could signal a setback for a spot that has proved difficult to redevelop despite a Read More →
Software theft hits Solid Oak
Brian Milburn, founder of Santa Barbara-based Solid Oak Software, thought it was going to be a slow Friday, that he might take off early. Instead, he ended up in the middle of an international debate over Internet censorship in the world’s most populous country. On June 12, Milburn learned that fragments of his company’s software, Read More →
Project to grow biotech cluster pays off
When Amgen announced hundreds of layoffs at its Thousand Oaks headquarters in 2007, Ventura County’s movers and shakers came together in an effort to transform the blow into an opportunity to foster a biotechnology cluster along the Highway 101 corridor — and they now have a tangible deal to show for it. Camarillo startup PBS Read More →
