Merger wave sweeps region’s chambers and business groups
Latest news, Nonprofits, Small Business, Subscriber content, Top StoriesThis article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.
UCSB moves ahead with Munger Hall mega-dorm
Higher Education, Latest news, Real Estate, South Coast, Tri-County EconomyUC Santa Barbara has released a notice of preparation for a new student housing development, Munger Hall, which was previously approved as part of the university’s Long Range Development Plan. Munger Hall, when built, would increase the university’s on-campus housing by 50%, with single-occupancy rooms, and will allow the university to eliminate triple housing in Read More →
Waste Management hauls rival into court over loss of Thousand Oaks contract
East Ventura County, Latest news, Law & Goverment, Subscriber content, Top Stories, Top Story, Tri-County EconomyThis article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.
LTC Properties earnings rebound from pandemic lows
Banking & Finance, Earnings, East Ventura County, Latest news, Real Estate, Tri-County Economy, Tri-County Public CompaniesLTC Properties saw its net income soar a year after the pandemic caused serious interruptions to the real estate investment trust’s business model. On July 29, the Westlake Village-based REIT reported its net income for the second quarter of 2021 at $18.1 million, or 46 cents per share — an increase of more than 900% Read More →
Citizens Business Bank to acquire Suncrest Bank
Banking & Finance, Banking Industry, Latest newsCVB Financial Corp., the parent company of Citizens Business Bank, announced July 27 that it will be merging with and absorbing Suncrest Bank. The deal is worth about $204 million, or $16.18 per Suncrest share. Through the merger, Citizens’ total assets will increase to about $17 billion, based on the most recent publicly available information Read More →
Westlake Village office sale tops $80M
East Ventura County, Latest news, middle, Real Estate, Top Stories, Tri-County EconomyWestlake Park Place I, a five-building office campus in Westlake Village, sold recently for $80.8 million — the highest sale price for an office building in Ventura County in 2021. The buyer was a partnership between Amstar and Searles Property Group, and the seller was Invesco Real Estate. Westlake Park Place I started construction in Read More →
VCTC executive director to leave for top Metrolink post
East Ventura County, Latest news, Top Stories, Tri-County Economy, West Ventura CountyDarren Kettle, the executive director of the Ventura County Transportation Commission, is the next CEO of Metrolink, Southern California’s regional passenger railroad agency. The Metrolink Board of Directors named Kettle CEO in a vote on July 23. Metrolink serves six counties in Southern California, including Ventura County, with a focus on commuter rail service. Kettle Read More →
