Salem Media clears debt, adds new strategic investor
Central Coast, Latest news, Tri-County Public CompaniesCamarillo-based Salem Media Group is looking to strengthen its balance sheet and aim its sights on the future after the company made a series of moves to end 2024. Announced Dec. 30, Salem Media, which specializes in Christian and conservative content, repaid all of its long-term debt which was at $159.4 million. The company accomplished this at Read More →
CRE: Santa Maria’s La Vista Apartments sell for record $116M
Central Coast, Columns, Latest news, Real Estate, Subscriber content, Tri-County EconomyBy Staff Report La Vista Apartments, a 460-unit multifamily property in Santa Maria, sold for $116 million, according to Institutional Property Advisors, a division of Marcus & Millichap, who brokered the sale on Dec. 30. The $116 million sales price equates to $252,174 per unit. According to a press release, the sale also became the Read More →
George Leis, Montecito Bank’s president and COO, retires
Banking & Finance, Banking Industry, Latest news, left, Santa Barbara County, Tri-County EconomyGeorge Leis, the president and chief operating officer at Montecito Bank & Trust, announced that he would be retiring effective immediately, according to a Jan. 3 press release from the bank. Leis, who first joined Montecito Bank & Trust in those roles in 2016, said that during his time at the bank, he was able Read More →
Portfolio watch
Central Coast, Columns, Economy, Latest news, Subscriber content, 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.
Inogen’s newest respiratory device gains FDA clearance
Latest news, left, Santa Barbara County, Technology, Tri-County Public CompaniesGoleta-based Inogen, a medical technology specializing in the manufacturing of portable oxygen containers, announced Dec. 30 that it had received U.S. Food and Drug Administration clearance for the Simeox 200 Airway Clearance Device. The clearance helps expand the company’s ability to market and meet the various needs of patients with chronic respiratory diseases in the Read More →
Teledyne completes $58M takeover of Micropac
Latest news, middle, Technology, Tri-County Public CompaniesThousand Oaks-based Teledyne Technologies completed its acquisition of Micropac Industries on Dec. 30. The all-cash transaction valued Micropac at approximately $57.3 million, taking into account Micropac’s net debt as of Aug. 24. Under the merger agreement’s terms, Micropac stockholders received $20 per share in cash. “We are delighted to welcome Micropac and its employees to Read More →
Wayside Energy wins $200K grant for battery energy solution
East Ventura County, Energy, Latest news, middle, Subscriber content, TechnologyThis 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.
