Saks Off 5th in Santa Barbara closing its store by March
Latest news, Real Estate, South CoastClothing retailer Saks Off 5th in Santa Barbara will be closing its store by March of 2018. The store’s decision to not renew its lease will leave about 47,000 square feet of retail space behind at the corner of State and Carrillo streets. With more than 40 retail vacancies on State Street already, brokers are Read More →
SimpliPhi Power to provide off-grid energy storage system in New Zealand
Energy, Latest news, TechnologyOjai-based SimpliPhi Power announced Oct. 3 that it had contracted with electricity distributor Powerco to build an off-grid renewable energy storage system called Base Power in New Zealand. The system provides supplemental or alternative energy to areas where upgrades to the network were not deemed to be cost effective. After initial trials, Powerco ordered 20 Read More →
Oak Therapeutics touts study results for dissolvable strips
Health Care & Life Science, Latest news, TechnologyOak Therapeutics, based in Oxnard, announced that it completed a study of the use of its dissolvable strips to administer an anti-tuberculosis treatment orally. A 300 milligram dose of isoniazid on the dissolvable strips given to canines entered the bloodstream at a statistically similar rate to commercial tablets, the study found. The company, a subsidiary Read More →
Calavo Growers to pay 95 cent dividend to shareholders
Agribusiness, Earnings, Latest news, Tri-County Public CompaniesSanta Paula avocado distributor Calavo Growers announced Oct. 4 that it would pay a 95 cent dividend to shareholders, for a total of $16.7 million. Shareholders of record as of Nov. 17 will receive the dividend on Dec. 8. The company said in a news release that it was the sixth year that it had Read More →
American Riviera Bank buys building for Paso Robles branch
Banking & Finance, Banking Industry, Central Coast, Latest newsAmerican Riviera Bank has completed the purchase of a building in Paso Robles that will house its newest branch, the bank announced on Oct. 3. Located at 1601 Spring St., the branch is set to open in early 2018 and will be the first full-service branch of American Riviera Bank in San Luis Obispo County. Read More →
Amgen lawsuit over cholesterol drug will get new trial
Health Care & Life Science, Latest news, TechnologyAn Amgen lawsuit against a competing cholesterol drug will get a new trial but sales of the drug will be allowed in the U.S. until a decision is rendered. A federal court of appeals judge threw out a ban on the sale of Praluent, manufactured by New York-based Regeneron Pharmaceuticals and French biotech company Sanofi Read More →
Cal Poly SLO contracts with REC Solar for solar farm project
Agribusiness, Central Coast, Energy, Higher Education, Latest newsCal Poly San Luis Obispo announced the launch of a 4.5 megawatt solar farm project Oct. 3 that will provide around a quarter of its total electricity usage. The university has contracted with REC Solar to finance construction and maintenance through a power purchase agreement. Construction began in late September and is expected to be Read More →
