Ventura County drops last remaining COVID lawsuits
The Ventura County Board of Supervisors has voted to dismiss the county’s remaining five lawsuits against businesses that were not complying with COVID-19 regulations. The county brought lawsuits against 13 gyms and restaurants earlier this year when it found those businesses holding indoor or outdoor operations against local and state health orders. It dropped eight Read More →
Faulkner Farm site in Santa Paula sells for $3.7M
Faulkner Farm in Santa Paula, the home of the University of California’s Hansen Agricultural Research and Extension Center, sold for $3,700,001, one dollar more than asking, when escrow closed on March 5. The farm was put up for sale in September, after the UC Division of Agriculture and Natural Resources decided to move its agricultural Read More →
Velocity Financial recovers from pandemic with strong fourth quarter
Velocity Financial saw its net income increase slightly from 2019 to 2020, even though the company’s loan production operations were suspended for more than half the year. The Westlake Village-based real estate finance company saw its net income go up 3%, from $17.3 million in 2019 to $17.8 million in 2020, according to earnings released Read More →
Interlink reports profitable 2020
Interlink electronics, a sensor tech manufacturer with major operations in Camarillo, reported rising net income on March 16 for the fourth quarter and full year of 2020. Net income for the fourth quarter was at $53,000, or 1 cent per share, a better mark than the same quarter of 2019, when Interlink reported a loss Read More →
Oxnard company to pursue therapeutic psychedelics
Oxnard-based Cure Pharmaceutical announced plans on March 16 to use its oral film technology to deliver LSD and other psychedelic substances to treat mental health disorders. Cure owns the CBD company Sera Labs, and Cure has used its dissolving thin film platform, Curefilm, to deliver CBD and other cannabis compounds. Cure has a license from Read More →
Macy’s building in downtown Santa Barbara to become office space
The site of the former Macy’s in downtown Santa Barbara is going to be turned into office space, introducing more than 132,000 square feet into the area’s office market. The building is at 701 State Street, in the Paseo Nuevo shopping center. It has three floors, and more than 40,000 square feet of space per Read More →
Resonant reports smaller losses in 2020
Resonant, a Texas-based provider of radio frequency filter designs with major operations in Goleta, ended 2020 with rising revenues and shrinking losses. In the fourth quarter of 2020, Resonant revenue increased 32% from a year earlier, to $607,000, the company said in a March 15 earnings release. It had a net loss of $7.1 million, Read More →
