Limoneira CEO says company isn’t looking to move

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Feds reject long-proposed fracking near Fillmore

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Our view: Marine Sanctuary accord advances offshore wind

By Editorial Board 48 mins ago

By Jorge Mercado 18 hours ago

Hundreds of members from the Santa Barbara community — from investors to business owners to curious parties — packed into the Cabrillo Pavilion on April 18 to see five executives duke it out in the first annual PitchFest. Hosted by Ventech, an emerging technology forum, the event featured three companies from the Central Coast, including Read More →

Portfolio watch

By Staff Report 19 hours ago

805 Law: Santa Barbara property manager ordered to pay over $2M

By Mike Harris 19 hours ago

By Henry Dubroff 19 hours ago

I first got to know Vince Stanley five years ago when the Business Times held its Central Coast Innovation Awards in the wake of the Thomas Fire and Montecito Mudslides. We had not given a lot of coverage to Patagonia until then and the Business Times sometimes felt that Patagonia’s stands against development were making Read More →

Street smarts: Santa Maria Valley Chamber CEO recognized for community efforts

By Staff Report 19 hours ago

CRE: Hotel occupancy up, calls for housing intensifies

By Staff Report 19 hours ago

CRE: Hotel occupancy up, calls for housing intensifies

By Staff Report 19 hours ago

CRE: Oxnard shopping center snatched up by LA investment firm for $90M

By Staff Report 2 weeks ago

By Jorge Mercado 2 weeks ago

The Ranch at Moorpark, a 376-unit multifamily community in Moorpark, has been sold for $133.2 million, according to an April 11 report. Decron Properties, one of the largest privately owned real estate firms in California, sold the property AEW Capital Management. According to a press release, Decron acquired the asset, located at 51 Majestic Court Read More →

CRE: Santa Barbara County DA’s office warns of vacant lot listing scams

By Staff Report 3 weeks ago

CRE: Santa Barbara hotel occupancy, revenue down in February

By Staff Report 4 weeks ago

CRE: Goleta breaks ground on new multi-year project

By Jorge Mercado 1 month ago

Five-property apartment in Oxnard sold for $41M

By Staff Report 1 month ago

CRE: Office vacancies continue to trend upward in Ventura County

By Staff Report 2 months ago

Beni CEO steps down due to personal health issues

By Jorge Mercado 2 weeks ago

Sarah Pinner, one of the co-founders of Santa Barbara-based Beni, stepped down from her post as CEO of the company on April 12, citing personal health issues as the reason. In a LinkedIn post, Pinner noted that she was “simply no longer mentally or physically healthy enough to continue in this role.” “I can live Read More →

FDA gives nod to Affinity Biosensors’ flagship product

By Mike Harris 2 weeks ago

By Jorge Mercado 3 weeks ago

When Andrew Firestone and Jess Parker founded Santa Barbara-based StonePark Capital together, the two were just happy to create something in the city they’ve known their whole lives. “For us, to be able to build our business in our backyards is very special,” Firestone told the Business Times. Now, almost a decade later, the two Read More →

Briq adds another $8 million in extension round

By Jorge Mercado 3 weeks ago

By Mike Harris 3 weeks ago

James Robinson, the new CEO of Agoura Hills-based A2 Biotherapeutics, has several priorities he wants to tackle, not the least of which is to accelerate the company’s proprietary Tmod cell therapy platform. “First principle for us is to maximize the value of the platform that we’ve built,” Robinson, 54, told the Business Times on April Read More →

By Jorge Mercado 3 weeks ago

Thousand Oaks-based Atara Biotherapeutics reported financial results for the fourth quarter and full year 2023 along with recent business highlights and key upcoming milestones for 2024 on March 28. Atara reported a net loss of $60.5 million or 56 cents per share in the fourth quarter of 2023 along with a net loss of $276.1 million Read More →

By Jorge Mercado 3 weeks ago

Conejo Valley-based Acelyrin, a clinical, pre-revenue biotechnology company, reported its financial results for the full year 2023 on March 28. According to the March 28 report, the company’s net loss for the full year ended Dec. 31 was $381.6 million, compared to $64.8 million for 2022. The company primarily saw expenses increase in research and Read More →

Quintessent’s $11.5M raise indicative of Santa Barbara’s impressive tech scene

By Jorge Mercado 1 month ago

Adventist Health Central Coast names new president

By Mike Harris 19 hours ago

The Adventist Health Central Coast Service Area, which includes two recently purchased hospitals in San Luis Obispo County, has a new president. Ryan Ashlock currently serves as the president of Adventist Health Castle in Kailua, Hawai’i. Ashlock’s appointment to his new position was announced April 22. He starts June 9. Kerry Heinrich, president and CEO of nonprofit, Read More →

Adventist eyes healthy donations in SLO County

By Mike Harris 4 days ago

Mental health experts, facilities grow to meet a demand for services

By Jorge Mercado 1 week ago

CenCal Health report details progress on strategic plan

By Mike Harris 4 weeks ago

Two SLO County hospitals join Adventist Health

By Mike Harris 4 weeks ago

Sierra Vista Regional Medical Center and Twin Cities Community Hospital in San Luis Obispo County formally joined Adventist Health effective March 29. The merging includes related physician practices and imaging centers. Sierra Vista in San Luis Obispo and Twin Cities in Templeton were purchased in February by Adventist from Dallas-based Tenet Healthcare for $550 million. “I am Read More →

By Henry Dubroff 1 month ago

Jean Williamson Blois, one of the leading women in business and politics on the South Coast, died March 22 at age 96. Blois was a co-founder of the political movement that led to the successful effort to incorporate the City of Goleta. She served on its first city council and was instrumental in guiding Goleta Read More →

GCHP invests $75M into Ventura County’s healthcare provider network

By Staff Report 1 month ago

By Atmika Iyer Special to the Business Times Gold Coast Health Plan — a health insurance agency based in the city of Camarillo — announced a $75 million investment on March 6 into its provider network to recruit more providers and expand access to quality healthcare in Ventura County. Of the total investment, $50 million Read More →

By Jorge Mercado 1 month ago

In 2020 — the beginning of the Covid-19 pandemic — there were already plenty of reasons to be scared for a loved one’s health. McCall Brinskele of San Luis Obispo had one more reason to worry about her sister, who suffers from endometriosis and uterine fibroids. “She had been suffering from painful periods and when Read More →

Apeel CEO steps down, mission remains same

By Jorge Mercado 2 months ago

When James Rogers founded Goleta-based Apeel Sciences in 2012, he believed the hardest part of steering the company would be finding new ways to coat each fruit to help the quality last longer and help eliminate food waste. Turns out, the hardest part was finding a way to align the mission of the business while Read More →

By Jorge Mercado 2 months ago

Goleta-based Apeel Sciences announced that James Rogers will be stepping from his title as CEO and that the company has appointed Luiz Beling to take over the position. Announced Feb. 26, Apeel said in a press release that Beling will transition into the CEO role over the next months, working with Rogers. Rogers, founder of Read More →

Storms slam Central Coast to the tune of $50M

By Mike Harris 2 months ago

Uncertain times: Calavo delays Q4 results, explores sale of fresh cut business

By Jorge Mercado 3 months ago

By Jorge Mercado 4 months ago

Correction: This story has been updated to more accurately reflect the value of the bond and explain how much investors could receive by the end of the term. A project nearly three years in the making is hoping to be completed by the middle of spring — and it will be done using funds from Read More →

By Mike Harris 4 months ago

Despite a 2.5% dip in fiscal year 2023 revenues compared to fiscal year 2022, the CEO of Santa Paula-based Limoneira says he’s pleased with the agribusiness’s year-over-year performance. “We achieved our full-year avocado and revised lemon volume guidance despite harsh weather conditions and softer lemon pricing throughout most of the year,” Harold Edwards said during Read More →

By Mike Harris 4 months ago

Santa Paula-based Limoneira’s fiscal year 2023 revenues dipped 2.6% from fiscal year 2022, $179.9 million compared to $184.6 million, the agribusiness reported Dec. 21. For the fourth quarter of fiscal year 2023, the company’s total net revenues were up 4.3% compared to fourth quarter 2022, $41.4 million to $39.7 million, the company said. Fiscal year Read More →

By Mike Harris 4 months ago

Santa Paula-based Limoneira is unlikely to leave the area if it sells some or all of the company as part of its strategic review, CEO Harold Edwards told the Business Times. “I just don’t see it,” he said during a Dec. 11 interview. “This isn’t about us leaving. This is about us figuring out how Read More →