Venoco extends financing deadline for CEO
Venoco has extended CEO Tim Marquez’s deadline to July 20 to disclose how he will finance his effort to take the company private. Marquez’s buyout of the company, which is based in Denver but has about 150 employees in the Tri-Counties, was approved by shareholders on June 5. But at the time of the approval, Read More →
Oxnard’s Seabridge Marketplace center sold
The Seabridge Marketplace shopping center in Oxnard’s Channel Islands Harbor has changed hands in a quick sale to a San Diego investment group. The 91,631-square-foot shopping center was purchased by real estate investment trust Retail Opportunity Investments Corp. for an undisclosed amount. The seller was Dana Point-based K&G/Seabridge I LLC. The shopping center is part Read More →
Limoneira earnings up in second quarter
After a first-quarter loss, Limoneira Co. bounced back with earnings of $1.5 million for the second quarter, the company said June 11. The Santa Paula-based agribusiness reported $16.1 million in revenue for the quarter ended April 30, $12.4 million of which came from lemon sales. That’s compared to $12.5 million in revenue for the same Read More →
T.O. snags Rolls-Royce, Bentley dealerships
By August, Bentley and Rolls-Royce owners in the Tri-Counties will no longer need to drive to Beverly Hills for service or to buy a new model. Thousand Oaks officials confirmed June 11 that the city has secured a dealership for both luxury brands at its auto mall. “We’re absolutely thrilled. This is a great addition Read More →
Experts predict slow job growth for SLO
Economist Chris Thornberg said tourism and consumer spending are driving San Luis Obispo County’s recovery. But don’t expect large jobs gains for at least the next two years. Speaking at the Central Coast Economic Forecast in Paso Robles on June 7, the Beacon Economics founding partner said he expects the county’s total employment to be Read More →
Editorial: Rove, Capps agree on need for wind energy
The region’s once-promising wind energy industry has seen its share of troubles lately. But it has found an unlikely ally in the form of former White House advisor Karl Rove. In a rare display of bipartisanship, Rove, generally recognized as the architect of President George W. Bush’s campaigns, joined Robert Gibbs, a key confidant of Read More →
