Apartments a bright spot in South Coast real estate market
The South Coast apartment market has seen more than $77 million in property sales this year, according to commercial real estate brokers at Radius Group’s Santa Barbara County Real Estate and Economic Outlook on Sept. 16. The largest sale was the $37.4 million purchase of the Fontainebleu apartments in Isla Vista. Chicago-based Blue Vista Capital Read More →
Power-One shows California lacks spark
It’s hard to find a better turnaround story than Power-One. The Camarillo-based company took a secondary product line from an Italian company it had purchased and bet the farm on a new line of business — producing devices called inverters that are crucial to regulating the power output of wind turbines and solar panel arrays. Read More →
All grown up: These SLO entrepreneurs have come a long way
San Luis Obispo’s startups are growing up fast. Thirteen years ago, two San Luis Obispo high school students started their own company because they couldn’t find part-time jobs to fit their busy student-athlete schedules. That business, Meathead Movers, has since grown into a flourishing moving and storage empire that helps some 180 college students put Read More →
Amgen recalls some anemia drugs
Thousand Oaks-based Amgen announced Sept. 24 that it is recalling some lots of its Epogen and Procrit drugs because the vials may contain tiny glass flakes. Both are injectable drugs used to treat anemia in HIV, renal failure and chemotherapy patients. Amgen said the glass flakes are the result of interaction between the drug and Read More →
40 Under 40: Class of 2010
40 Under 40: The Class of 2010 Evan Asher (TechEase, Santa Barbara) Donna Beal (Donna Beal Consulting, Santa Maria) Joshua Best (Nordman Cormany, Oxnard) Ashley Bautista (Paladin Principle, Ventura) Marni Brook (Montecito Bank & Trust, Ventutra) Shawn Carson (TWIW Insurance Services, Ventura) Christos Celmayster (Hayes Commercial Group, Santa Barbara) Nikki Chairez (Oxnard Chamber of Commerce, Read More →
RightScale closes $25M round
RightScale, a Santa Barbara-based cloud computing company, recently closed a $25 million round of venture funding, the company announced Sept. 22. The round was led by Tenaya Capital, a fund that spun off from Lehman Brothers in 2009. DAG Ventures, Benchmark Captital, Index Ventures and Presidio Ventures also invested in the latest round. “This represents Read More →
SB, Ventura Colleges of Law to join Chicago nonprofit
The Santa Barbara and Ventura Colleges of Law plan to join a Chicago-based network of nonprofit colleges, the institutions announced Sept. 21. The deal with TCS Education System is an “affiliation agreement,” Heather Georgakis, the dean of the Colleges of Law, told the Business Times. “The law school will remain its own entity,” she said. Read More →
