Former Affinity Group HQ in Ventura sold
Latest news, Real EstateThe former headquarters of Affinity Group, once one of the largest private companies in the region, has been sold. Camarillo-based Somis Investments purchased the 73,000-square-foot office campus in Ventura in an all-cash deal for an undisclosed amount, according to commercial real estate brokers who negotiated the transaction. Affinity listed the 9.3-acre property on Vista Del Read More →
Cuesta president says college is moving past accreditation worries
Latest newsAfter a hearing earlier this month, Cuesta College appears to be on track to putting its accreditation woes behind it. College officials said that a team put together by President Gil Stork made an appearance before a review panel to answer questions about progress made in addressing issues that threatened the future existence of the Read More →
K-Swiss agrees to $170M buyout by Korean firm
Banking & Finance, Latest news, Tri-County Public CompaniesShares of Westlake Village-based footwear firm K-Swiss soared 48 percent on the morning of Jan. 17 after the company agreed to a $170 million buyout. E.Land World Ltd. of South Korea offered to pay $4.75 per share for K-Swiss, which has struggled with huge losses in recent years as sales of its iconic white tennis Read More →
Lynda.com raises $103M
Banking & Finance, Latest news, TechnologyIn a move that could change online education, Carpinteria-based lynda.com has raised $103 milllion from a group of investors, marking the first time the company has taken outside funding in its 17-year history. Lynda.com, one of the fastest-growing firms in the Tri-Counties, employs about 400 people and generated $100 million in revenue in 2012. It Read More →
Limoneira predicts sales gains after profits dip
Banking & Finance, Earnings, Latest news, Tri-County Public CompaniesSanta Paula-based Limoneira Co. said fourth-quarter revenue jumped sharply but that it experienced a decline in profit because of expenses for Sheldon Ranch, a new 1,000-acre lemon and citrus leasehold that is expected to be profitable in 2013. The company said it expects strong results from those lemon and citrus in 2013, when it also Read More →
U.S Bank CEO speaks in Santa Barbara
Banking & Finance, Banking Industry, Latest newsSometimes, uncertainty is a good thing. That was one view from Richard K. Davis, the head of U.S. Bank, as he spoke in Montecito on Jan. 11 Davis is the president of the Federal Advisory Council of bankers that consults with the board of governors of the Federal Reserve System. He said he has often Read More →
