Limoneria cuts down debt with sale of Tulare property for $100M
Agribusiness, Central Coast, Latest news, left, Regions, Ventura CountyThe future of Santa Paula-based Limoneira came into sharper focus on Feb. 1 when the company sold a major agribusiness holding in the Tulare area for $100 million, recouping $99 million in cash while also reaching an agreement to grow, pack and market lemons produced on the property. PGIM Agricultural Investments, a unit of PGIM Read More →
Dole plc sells off fresh vegetables division for $293M
Agribusiness, East Ventura County, Latest news, Top Stories, Top Story, Tri-County EconomyIn a continued effort to pay down its debt, Westlake Village-based Dole plc has sold off its fresh vegetables division to an affiliate of Fresh Express Inc., a wholly-owned subsidiary of Chiquita Holdings, for $293 million. The sale is expected to close within the next two quarters, pending approval, Dole said in a press release. Read More →
Montecito Bank & Trust closes out 2022 strong
Banking & Finance, Earnings, Latest news, middle, Santa Barbara County, Tri-County Public CompaniesDespite total assets dropping from the end of last year, Montecito Bank & Trust reported an overall strong growth in income and loans to close out fiscal year 2022, the financial institution reported Jan. 30. Montecito Bank & Trust, the biggest bank in the tri-county region, reported income grew to $18.27 million for the year Read More →
Amgen to lay off 300 U.S. workers
East Ventura County, Economy, Latest news, left, TechnologyTechnology layoffs are now hitting the healthcare sector, as Amgen will be laying off 300 people in the United States, the company announced on Jan. 30. The Thousand Oaks-based biotechnology giant said that it is making organizational changes “mainly in our commercial team,” the company’s statement said. “We made these changes to better manage against Read More →
AppFolio beats revenue estimates
Earnings, Latest news, Technology, Tri-County Public CompaniesGoleta-based AppFolio beat analysts’ expectations in both earnings and revenue when it released its financial results for the fourth quarter on Jan. 26. AppFolio, a software company for the real estate industry, announced revenue worth $124.1 million in the fourth quarter, a 30% increase from the same quarter a year ago. But the company’s net Read More →
LogicMonitor names new C-Suite member
Latest news, TechnologySanta Barbara-based LogicMonitor has announced Taggart Matthiesen as the company’s new Chief Product Officer, the company said in a Jan. 24 press release. Matthiesen joins LogicMonitor from Lyft, where he built and led the company’s autonomous driving initiatives, holding the title of vice president of product. Before that role, he also held various leadership positions Read More →
Next Energy powers up Patagonia’s HQ
Latest news, Technology, Top Stories, Top StoryNext Energy Technologies has spent the better part of a decade validating the science behind its proprietary solar panel window technology. But last week, the Goleta-based company received a different type of validation from one of the largest climate-positive companies in the world. On Jan. 19, Next announced it successfully installed its solar panel windows Read More →
