Santa Barbara’s El Encanto Hotel sells for $82.2M to Tinder co-founder
Santa Barbara’s five-star gem El Encanto Hotel is under new ownership after Justin Mateen, Tyler Mateen and the Cayton family combined to purchase the historic estate for $82.2 million. Announced July 8, the Mateen’s and Culver Capital, which is represented by principal Garrett Cayton, purchased El Encanto from Belmond, a luxury hospitality brand owned by LVMH. LVMH Read More →
Saalex expands software development capabilities with acquisition
Saalex Corporation, which was founded in Camarillo and still houses major operations in the area, announced it has acquired Greenfield Engineering Corporation for an undisclosed amount on July 7. Greenfield is a software and systems engineering firm specializing in avionics software development for the U.S. Navy. Saalex is a federal services contractor, providing a slew Read More →
Guest commentary: Population trends threatening U.S. prosperity
By Vlad Vaiman In recent years, birth rates dropping well below replacement levels has caused a worldwide seismic demographic change. Despite increased life expectancy, many nations — including the United States — are currently seeing a fast demographic transition toward “youth scarcity,” where fewer young people must sustain a fast-growing retiree population. Historically, global social and economic systems have relied on a steadily rising Read More →
Guest commentary: Santa Barbara is quietly building the future of Artificial Intelligence
By Starr Hall While Silicon Valley often dominates the headlines, the real story of artificial intelligence (AI) innovation is quietly taking root on the Central Coast, from Ventura to San Luis Obispo. Local startups are using AI to tackle real-world business challenges, ranging from marketing and customer feedback tocybersecurity, and even sustainability efforts. These diverse applications of AI are reshaping industries and Read More →
Wilshire Health shutters as buyout deal collapses
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805 Tech: Cal Poly’s new economic development director is up to the task
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A mid-year update from the Business Times newsroom
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