Bankrupt Opus selling two sites in VC
A Phoenix-based real estate developer facing foreclosure on a project in Camarillo has filed for bankruptcy protection while it completes ongoing financial restructuring that includes unloading some tri-county assets. As part of the bankruptcy proceedings, Opus West Corp. will auction off two Ventura County business parks: Camarillo Ranch Business Park and Westlake North Land in Read More →
Amgen lays off 100
Thousand Oaks-based Amgen laid off about 100 employees on July 22, the company confirmed to the Business Times. The most recent round of cuts was among the company’s clinical manufacturing and quality-control workers. Previously, on May 1, Amgen laid off about 100 workers as part of an outsourcing of the company’s facilities services group, said Read More →
California slips as others catch up
As July heads past the mid-point, California still does not have a budget. This inability to get simple things accomplished underscores how far the Golden State has slipped behind its chief political rival, Texas. The July 11 edition of the Economist elaborates on the California-Texas rivalry, pointing out that among other things, Texas seems to Read More →
Moorpark film studio plot unfolds
Bernie Weitzman has a grand script in the works for Moorpark. Step by step, Weitzman, chairman and chief executive officer of Commonwealth Studios and an independent film industry veteran, is bringing his massive film studio dream to fruition on the outskirts of the Ventura County city. And it is a big dream. Weitzman and Commonwealth Read More →
Real estate market may be slow, but press releases keep rolling in
If my inbox is any indication, the real estate market could be bouncing back much sooner than any of us have predicted. I’ve been inundated with deals in recent weeks, so for this column I figured I should just open the floodgates. Deals of the Week • Best Interest Financial & Insurance Services just leased Read More →
Towbes thrives in tough times
Michael Towbes likes to keep busy. In the face of the worst recession he can remember, Towbes, one of the region’s most successful builders and bank owners, will not be slowing down anytime soon. The best evidence for that is a wall full of plans in the Towbes Group conference room in downtown Santa Barbara. Read More →
