Texas firm pays $1.4B for Ventura County office space
Texas-based development giant Hines Interests acquired 16 office buildings in Ventura County last week in a transaction valued at almost $1.4 billion after the previous owners were unable to make payments on their loan. The new office purchases include the 68,110-square-foot Conejo Business Park in the heart of Thousand Oaks. “This is an economic driver Read More →
Make It Work, Circuit City exit, setting the table for Whole Foods
Shortly after Circuit City announced that it would be closing its Santa Barbara branch, Make It Work founding partners Eric David Greenspan and Jeremy Anticouni decided it was time to go location shopping. “When we moved in, we were aware of the fact that it wouldn’t be forever,” Greenspan said. “We wanted to leave as Read More →
Greka lays off 31 workers
Santa Maria-based Greka Energy, which has spilled hundreds of thousands of gallons of oil and processed water over the past year, has laid off more than 20 percent of its local workforce. The company said Nov. 25 that it laid off 31 employees, or about 22 percent of its Santa Maria workers. In a prepared Read More →
Goleta OKs Marriott hotel
The Goleta City Council paved the way for a 140-room, extended-stay hotel across from the Santa Barbara Airport. The council approved the Residence Inn by Marriott project on a 4-1 vote Nov. 18, with Councilwoman Jonny Wallis dissenting. The project is located at 6300 Hollister Ave. The Chumash community has opposed the project because of Read More →
Amgen suspends drug
Amgen on Nov. 25 decided to suspend a clinical trial of its experimental cancer drug motesanib because of higher deaths among patients, setting back the company’s efforts to expand in the market for oncology treatments. The Thousand Oaks-based pharmaceutical company has made a major push in the past seven years to develop treatments for cancer. Read More →
Foundation leader put strategic partnerships on map
There’s no doubt that among donor organization in the Tri-Counties, the Santa Barbara Foundation is at the top of the food chain. With $300 million in assets and the ability to provide $27 million a year in community grants, it ranks among the top 50 community foundations in the country. But these days even the Read More →
