Breaking news: Bacara on cusp of sale to Irvine group
Real Estate, TourismBy Henry Dubroff and Marlize van Romburgh on February 20, 2012 Bacara Resort & Spa, the luxury resort in Goleta that was snapped up by Ohana Resorts for a bargain price in July 2011, is close to having a new owner. Sources familiar with the transaction said Pacific Hospitality Group of Irvine is in the Read More →
Obesity device firm raises $27.3M for clinical trials
Latest news, TechnologyGoleta-based BAROnova has raised $27.3 million to fund clinical trials of its obesity treatment, bringing the medical device firm’s total funds raised to date to $41.3 million. The company is developing a product it calls the TransPyloric Shuttle. The firm said the device may be able to slow the digestion process and create the sensation Read More →
lynda.com buys Austrian video training firm
Latest news, Technology[EDITOR’S NOTE: This story was updated at 11:30 a.m. to correct a quote attribution.] Fast-growing online education company lynda.com, which last month raised $103 million in its first round of outside financing, has acquired an Austrian video training platform. Lynda.com said Feb. 14 that it purchased video2brain, a video training site that offers courses in Read More →
Despite Gov. Perry’s visit, Haas has yet to say ‘I do’ to Texas
Latest news, Technology, Tri-County EconomyOfficials at Haas Automation appeared flattered by a pre-Valentine’s Day recruitment visit by Texas Gov. Rick Perry, but did not reveal any definitive news about the company’s expansion or relocation plans on Tuesday. The Oxnard-based machine-tool maker was courted by Perry after saying publicly that it is considering locations outside of California to expand beyond Read More →
CalAmp to offer 4.2M shares to fund acquisition
Banking & Finance, Latest news, Tri-County Public CompaniesCalAmp said Feb. 11 that it plans to sell 4.2 million shares of common stock in an underwritten public offering that could raise about $40 million for the Oxnard-based wireless products maker. The proceeds would be used to partially fund the purchase of Wireless Matrix Corp., a $53 million all-cash deal announced in December. Canaccord Read More →
Montecito buildings sell for $10.2M
Latest news, Real Estate, Small BusinessA prominent Montecito retail building has been sold to an unnamed local investor for $10.2 million. The 13,778-square-foot retail property building at 1046 to 1054 Coast Village Road houses tenants such as Starbucks, Von’s Pharmacy, Blenders in the Grass, Boutique Antoinette and Occhiali Fine Eyewear. Clarice Clark, president of Lee & Associates, handled the transaction Read More →
