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By Pacific Coast Business Times Staff / Monday, November 16th, 2009 / Top Stories / Comments Off on Moguls lose out on inns
It’s been a rough year for tri-county luxury hotels and the moguls who may or may not still love to own them. In Ventura County, real estate tycoon David Murdock racked up an estimated $78 million in losses operating the Four Seasons Westlake Village, a posh resort for executives. The losses were so steep Murdock Read More →
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By Pacific Coast Business Times Staff / Monday, November 16th, 2009 / Top Stories / Comments Off on A hard Habit to break
Need a cure for the economic hangover? Try hamburgers. That remedy has been working for The Habit, a tri-county burger chain that’s been putting more and more locations on its plate in recent years and proving that the hamburger is healthy — at least in terms of sales. As the economy has slumped, fast food Read More →
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By Pacific Coast Business Times Staff / Monday, November 16th, 2009 / Top Stories / Comments Off on Tri-county job losses top 30,000 mark
The tri-county region has lost more than 30,000 jobs in the past two years, with Ventura County suffering the worst declines and Paso Robles potentially leading the way in a slow recovery. With 22,100 fewer jobs on nonfarm payrolls between September 2007 and September 2009, Ventura County has been hit the hardest and may take Read More →
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By Pacific Coast Business Times Staff / Monday, November 16th, 2009 / Columns / Comments Off on River Oaks Center hopes to lead the way on sustainable certification
Paso Robles-based Estrella Associates, the developer that brought you the River Oaks Golf Course and the River Oaks Hot Springs Spa, received a gold LEED rating on its new office and retail center in Paso Robles. Or it will, anyway. Before breaking ground in March 2008, Estrella jumped through the hoops of precertifying its Read More →
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By Pacific Coast Business Times Staff / Monday, November 16th, 2009 / Columns / Comments Off on Why SLO may lead the recovery
The Tri-Counties version of The Great Recession began in San Luis Obispo County late in 2006 when house prices started to falter. After three grueling years, what likely will amount to the worst of times for those of us too young to remember the 1930s, likely will end just about now as SLO County sheds Read More →
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By Staff Report / Friday, November 13th, 2009 / Latest news / Comments Off on Paso Robles winery owner faces foreclosures
UPDATE [1:30pm, Nov. 20]: The auctioning off of San Luis Obispo businessman David Weyrich’s properties on York Mountain Road near Templeton and Los Ranchos Road near San Luis Obispo was postponed Friday morning — at the beneficiaries’ request — until Tuesday Nov. 24. Unless San Luis Obispo County businessman David Weyrich comes up with nearly Read More →
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By Staff Report / Thursday, November 12th, 2009 / Latest news / Comments Off on Investors buy Bank of Santa Barbara from Michigan company
It’s official: Bank of Santa Barbara is now run from Santa Barbara and not Michigan. A group of local investors headed by Santa Barbara banking veteran Eloy Ortega announced that it bought the roughly $55-million-asset Bank of Santa Barbara from its Michigan-based parent firm in July. The deal with Capitol Bancorp Limited of Michigan closed Read More →
