Lands Commission hears Venoco’s plan for Ellwood facility
By Elijah Brumback / Friday, December 12th, 2014 / Columns, Latest news, Law & Goverment, Top Stories / Comments Off on Lands Commission hears Venoco’s plan for Ellwood facility
Denver-based oil and gas producer Venoco, which has significant operations on the South Coast, is pushing to have its revised environmental impact report approved for the recommissioning of an old well at Haskell’s Beach.

East Coast in focus as Somera Capital reaches $2B mark
By Elijah Brumback / Friday, December 12th, 2014 / Banking & Finance, Latest news, Personal Finance, South Coast, Subscriber content, Top Stories / Comments Off on East Coast in focus as Somera Capital reaches $2B mark

With a core portfolio of assets from Palo Alto to Los Angeles, the company has started fishing for deals in the Seattle market and putting even more focus on East Coast markets from Washington, D.C. to Savannah, Georgia.
An update from the Pacific Coast Business Times newsroom
By Henry Dubroff / Friday, December 12th, 2014 / Columns, Latest news, Opinion, Top Stories / Comments Off on An update from the Pacific Coast Business Times newsroom
We’ve quietly added some new faces to the Pacific Coast Business Times news team during the past few months.
$33M financing approved for Ventura apartment plan
By Elijah Brumback / Friday, December 12th, 2014 / Columns, Latest news, Real Estate, Top Stories / Comments Off on $33M financing approved for Ventura apartment plan
CBRE Capital Markets’ Debt & Structured Finance team announced Dec. 9 that the firm secured a $33.1 million construction loan for Parklands Apartments, a 173-unit, high-end apartment development in Ventura.

Worth the weight: State Street venue features 250 million-year-old salt rocks
By Erika Martin / Friday, December 12th, 2014 / Latest news, Small Business, Subscriber content, Top Stories / Comments Off on Worth the weight: State Street venue features 250 million-year-old salt rocks

To build the one-of-a-kind structure, McCaskey imported 47 tons of pink Himalayan salt from Pakistan, regarded as the purest salt on Earth.
Wells Fargo to open new Santa Barbara location
By Staff Report / Thursday, December 11th, 2014 / Banking & Finance, Banking Industry, Latest news, South Coast, Top Stories / Comments Off on Wells Fargo to open new Santa Barbara location
San Francisco-based Wells Fargo, one the largest employers in the Tri-Counties, is slated to open its fourth banking branch in Santa Barbara on Dec. 15. The new location is at 101 N. Milpas St. and will serve retail, mortgage and business banking customers. Wells Fargo signed the lease for the 2,600-square-foot former Blockbuster location in Read More →
Port of Hueneme sets record revenue
By Staff Report / Wednesday, December 10th, 2014 / Latest news, South Coast, Top Stories, Tri-County Economy, West Ventura County / Comments Off on Port of Hueneme sets record revenue
The Port of Hueneme near Ventura County Naval Base pulled in roughly $14.3 million in total gross revenue for 2014—its highest annual revenue number since its inception in 1937, according to a draft audit report. The report was submitted to the port’s Board of Harbor Commissioners on Dec. 8 and indicates that the Port of Read More →