San Luis Obispo developer mixes it up on gas station site
The Mix @ Monterey — an exciting new mixed-use project coming to San Luis Obispo — is set to break ground this month. The four-story building will feature 4,000 square feet of ground-floor retail, 5,000 square feet of second-floor office space and five condos on the third and fourth floors. Architect and developer George Garcia Read More →
We were all victims of mortgage fraud
For most scam artists, fraud is a morally murky process that involves taking money from people who are often motivated by greed to push the limits of common sense. Victims of financial fraud are often involved in Ponzi schemes, where proceeds from new investors are used to pay off older investors until the entire edifice Read More →
Airing it out: Business leaders look for new Santa Barbara-San Jose carrier
In June, the South Coast lost its direct air travel connection to Silicon Valley, a route that business leaders say is important to the region’s competitiveness. Business groups are taking action to restore it and say they need the business community’s input. The Goleta Valley Chamber of Commerce, the Santa Barbara Airport and Citrix Online, Read More →
Riding the green wave: Arbor brings its sustainable boards to Santa Barbara
The skateboard and snowboard company Arbor Collective recently chose Santa Barbara for its second location and is now selling its environmentally friendly boards from a State Street storefront. Arbor’s other showroom is its headquarters in Venice. In Santa Barbara, Arbor carries its own brand of skateboards and snowboards, along with surfboards made by similarly environment-minded Read More →
Final mortgage fraud suspect arrested
Federal agents have arrested the 14th and final person charged with mortgage-related fraud in two cases in Ventura County, the Ventura County Star reported. The first 13 were arrested June 16, but the 14th, Richard Ceniseroz of Oxnard, was traveling abroad at the time. He was arrested later and arraigned on June 28.
Eucalyptus Systems raises $20 million
In one of the largest technology deals of recent years, Santa Barbara-based cloud computing software firm Eucalyptus Systems raised $20 million in venture capital on July 1 from a group led by Menlo Park-based New Enterprise Associates. With the deal, Eucalyptus has raised $25.5 million since launching last year. Earlier this year, the firm brought Read More →
CKE shareholders approve buyout
Carpinteria-based CKE Restaurants said June 30 that 76 percent of its shareholders approved a $649 million cash acquisition by an affiliate of New York-based private equity firm Apollo Management. Shareholder approval was one of the final steps CKE, the parent company of Carl’s Jr. and Hardee’s fast food restaurants, needed to secure the deal, which Read More →
