Staff Report | Friday, June 19th, 2015
San Luis Obispo’s REC Solar acquires Stellar Energy
Central Coast, Latest news, Top Stories, Tri-County Economy, Tri-County Public CompaniesREC Solar acquired Stellar Energy from Stellar’s parent company Soligent Holdings on Wednesday in an asset purchase agreement. San Luis Obispo-based REC Solar will add 62 current solar projects and 60 megawatts to its portfolio with the acquisition of Stellar Energy, the leading solar provider in the West. “We are excited about the breadth of Read More →

Staff Report | Friday, June 19th, 2015
MindBody IPO raises $101 million
Banking & Finance, Central Coast, Latest news, Top Stories, Tri-County Economy, Tri-County Public CompaniesSan Luis Obispo’s first initial public offering in years for a non-bank company went off without a hitch on June 19 when MindBody raised slightly more than $101 million. MindBody, which develops software and provides merchant processing for yoga studios and fitness clubs, sold 7.2 million shares of stock at $14 per share Read More →
Staff Report | Friday, June 19th, 2015
Cal Poly San Luis Obispo’s HotHouse gets $200K
Central Coast, Latest news, Technology, Top Stories, 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.
Staff Report | Wednesday, June 17th, 2015
Allergan buying Westlake Village-based Kythera Biopharmaceuticals Inc.
East Ventura County, Latest news, Top Stories, Tri-County Public CompaniesJust a few months after it shut a Santa Barbara facility, Botox-maker Allergan has re-entered the Tri-Counties, agreeing to buy Kythera Biopharmaceuticals Inc. for about $2.1 billion. The deal will add the Westlake Village-based Kythera’s treatments for double chins and male pattern baldness to Allergan’s existing line of products, including a breast implant operation formerly Read More →
Staff Report | Monday, June 15th, 2015
Saks Fifth Avenue OFF 5TH to open in Saks Fifth Avenue Santa Barbara
Latest news, Top StoriesHudson’s Bay Company plans to renovate and convert its Saks Fifth Avenue store in Santa Barbara to the Saks Fifth Avenue OFF 5TH format within the same location. The conversion is expected be completed by October after existing merchandise is sent to nearby Saks Fifth Avenue stores. “This is a strategic decision to optimize the Read More →
Staff Report | Monday, June 15th, 2015
Homebuilder Ryland Group shares soar after announcing merger with Standard Pacific
Earnings, Latest news, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura CountyShares of Westlake Village-based homebuilder Ryland Group soared more than $2.20 or 5 percent to more than $45 per share after the company announced a merger with rival Standard Pacific of Irvine. Though billed as a “merger of equals,” the roughly $5.2 billion deal would give Standard Pacific shareholders the majority of shares in the Read More →
Staff Report | Friday, June 12th, 2015
Goleta’s Community West Bancshares settles with Residential Funding Company
Banking & Finance, Banking Industry, Latest news, South Coast, Top Stories, Tri-County Public CompaniesGoleta-based Community West Bancshares, parent company of Community West Bank, today announced that it has reached a settlement with Residential Funding Company. The June 8 settlement resolves the litigation between the two financial firms concerning residential mortgage loans sold to RFC. Under the settlement, Community West Bank has agreed to pay RFC $7.5 million, which Read More →