Ceres loses $9.3M, missing estimates
Thousand Oaks-based agricultural biotech firm Ceres’ third-quarter net loss widened to $9.3 million, or 38 cents per share, on revenue of $1.4 million, it said July 11. The energy crop firm attributed the higher loss to added expenses from expanding business operations in Brazil and higher-than-expected variability in how much fuel its crops can produce. Read More →
JM Holliday Associates and De Vicente Mills Architecture to merge
Santa Barbara architecture firms JM Holliday Associates and De Vicente Mills Architecture are merging. The two firms, which have been working closely together in the same office space, will officially merge to become DMHA Architecture & + Interior Design. “Our new team more than doubles the size of our existing firms and dramatically increases our Read More →
Yardi acquires apartment research company
Yardi Systems, a Santa Barbara-based technology company focused on designing products for real estate and property management, said July 3 that it has acquired a company that compiles and publishes data on the apartment industry. Pierce-Eislen is an online technology company that provides up-to-the-minute data to the commercial multifamily housing industry. The company researches and Read More →
RRM Design Group merges with Peikert Group Architects
San Luis Obispo-based RRM Design Group and Santa Barbara-based Peikert Group Architects announced July 1 that the two architecture firms are becoming one. In the wake of the merger, PGA will continue to operate in Santa Barbara as an RRM company under the name of Peikert+RRM Design Group. RRM, for its part, will continue to Read More →
New Tahitian Apartments in IV sells for $14M
The New Tahitian Apartments, a 63-unit building in Isla Vista, has been sold to an investor in the region for $14.3 million. The deal is the largest sale of a multi-family property on the South Coast so far this year, according to a news release from Santa Barbara-based Radius Commercial Real Estate & Investments, which Read More →
SLO County mourns loss of Supervisor Paul Teixeira
The Central Coast received a bit of a shock June 27 when we learned that Paul Teixeira, the 4th District Supervisor for San Luis Obispo County, had passed away the night before from an apparent heart attack. Teixeira, who was just 57, was serving as chair of the board of supervisors at the time of Read More →
