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By Staff Report / Tuesday, June 15th, 2010 / Latest news / Comments Off on Pacific Capital sweetens deal for debt holders
Debt holders appear to be pushing back against Pacific Capital Bancorp, the parent of Santa Barbara Bank & Trust in the middle of a $500 million rescue deal that requires debt holders’ cooperation. Pacific Capital has more than doubled its cash offer on some of its outstanding debt and extended the deadline to accept to Read More →
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By Staff Report / Monday, June 14th, 2010 / Latest news / Comments Off on Limoneira breaks even on 70 percent revenue gain
Limoneira Co. reported mixed second-quarter results, as revenues jumped 70 percent but shareholders saw no profits. The Santa Paula-based citrus and avocado grower and real estate developer reported net income of $47,000 applicable to common shareholders after preferred dividends, and a $564,000 non-cash charge for the mark-to-market adjustment on its interest rate swaps. The company Read More →
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By Staff Report / Monday, June 14th, 2010 / Latest news / Comments Off on Ventura's City Hall reaches out to business leaders
The détente between Ventura’s business community and City Hall continued on June 12, with the city’s second “Economic Summit” and the first meeting of the economic development roundtable dubbed the “Prosperity Council.” Close to 150 people attended the Saturday morning summit, which included sessions on four topics: “greening” the Ventura economy; enhancing the business climate; Read More →
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By Pacific Coast Business Times Staff / Monday, June 14th, 2010 / Top Stories / Comments Off on Cambria hotel in Chapter 11
A new luxury hotel in the seaside town of Cambria has found just how tough it can be to get off the ground. The development company for the new El Colibri hotel and spa has filed for Chapter 11 bankruptcy, listing $9.5 million in liabilities, and has put the hotel up for sale seven months Read More →
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By Pacific Coast Business Times Staff / Monday, June 14th, 2010 / Top Stories / Comments Off on GoToProfit: Citrix Online expands in Goleta
Citrix Online was one of the brightest tri-county success stories of the 2000s. More than a decade later, it shows no sign of slowing down, marking double-digit profit growth during the worst recession in decades by helping other businesses save on travel, meeting and training costs. Founded in the late 1990s, Citrix Online began life Read More →
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By Pacific Coast Business Times Staff / Monday, June 14th, 2010 / Top Stories / Comments Off on Lokey to guide Mission Community Bancorp's growth plan
With a tri-county banking veteran as its new CEO and a $25 million infusion of capital from a private equity firm, San Luis Obispo-based Mission Community Bancorp is poised to make some big moves in the coming months. Mission Community Bancorp is a publicly traded banking firm and the holding company for Mission Community Bank, Read More →
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By Pacific Coast Business Times Staff / Monday, June 14th, 2010 / Columns / Comments Off on Limoneira refinances its loans on planned Paso Robles project
Limoneira Co. has refinanced debt on Windfall Farms, its large San Luis Obispo County real estate development. The Santa Paula-based citrus and avocado grower increased its Windfall Farms debt held with Farm Credit West to $13 million, from $10.5 million outstanding, and extended the maturity date to May 1, 2013, according to filings with the U.S. Read More →
