Staff Report | Pacific Coast Business Times

Staff Report | Wednesday, March 12th, 2014

Sonos discloses $535M in revenue

In a rare financial disclosure, Santa Barbara audio firm Sonos has disclosed that its 2013 revenue was $535 million and that total sales doubled during the past year.

Staff Report | Wednesday, March 12th, 2014

Heritage Oaks names new CFO

Banking & Finance, Banking Industry, Tri-County Public Companies

Lonny Robinson has been named chief financial officer at Paso Robles-based Heritage Oaks Bancorp. Robinson, previously with Banc of California, will join Heritage Oaks as CFO and executive vice president on March 19.

Staff Report | Tuesday, March 11th, 2014

Santa Maria chamber CEO Bob Hatch to retire

Central Coast, Top Stories, Tri-County Economy

Bob Hatch is retiring after 20 years as president and CEO of the Santa Maria Valley Chamber of Commerce, the largest business group in North Santa Barbara County.

Staff Report | Tuesday, March 11th, 2014

Clean Diesel shares soar on Acura contract

Banking & Finance, Banking Industry, Technology, Top Stories, Tri-County Economy, West Ventura County

Clean Diesel said it has begun production of a new series of catalytic-emissions reduction products for the 2015 version of Honda’s gasoline-powered Acura TLX models. The announcement sent the Ventura-based firm’s shares soaring 74 percent higher in trading on March 11.

The Harbor Heights Manor at 801 Cliff Drive in Santa Barbara has been sold for $33 million, a record price for the city. (photo courtesy of Radius Commercial Real Estate & Investments)

Staff Report | Monday, March 10th, 2014

Santa Barbara apartments break record with $33M sale

Real Estate, Top Stories

The Harbor Heights Manor apartment complex at 801 Cliff Drive in Santa Barbara has been sold to an undisclosed investor for $33 million, setting a new price record for the city, according to commercial real estate experts.

Staff Report | Thursday, March 6th, 2014

Amgen to cut 252 jobs

Top Stories, Tri-County Public Companies

Thousand Oaks-based Amgen plans to lay off 252 employees in Thousand Oaks by the end of April, bringing the total jobs cut since 2007 from Ventura County’s largest private-sector employer to about 1,150.

Staff Report | Thursday, March 6th, 2014

Hotel Oceana sells to Philadelphia firm for $41.7M

Real Estate, Top Stories, Tourism

Hersha Hospitality Trust said it purchased the 122-room Santa Barbara hotel as part of a strategy to get into one of the “highest-demand gateway markets in the United States.”