August 18, 2025
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CRE: Santa Maria’s La Vista Apartments sell for record $116M

By   /  Friday, January 3rd, 2025  /  Central Coast, Columns, Latest news, Real Estate, Subscriber content, Tri-County Economy  /  Comments Off on CRE: Santa Maria’s La Vista Apartments sell for record $116M

By Staff Report La Vista Apartments, a 460-unit multifamily property in Santa Maria, sold for $116 million, according to Institutional Property Advisors, a division of Marcus & Millichap, who brokered the sale on Dec. 30. The $116 million sales price equates to $252,174 per unit. According to a press release, the sale also became the Read More →

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Strong avocado sales drive revenue growth for ag companies

By   /  Friday, January 3rd, 2025  /  Agribusiness, Earnings, Latest news, Subscriber content, Tri-County Economy, Tri-County Public Companies, Ventura County  /  Comments Off on Strong avocado sales drive revenue growth for ag companies

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George Leis, Montecito Bank’s president and COO, retires

By   /  Friday, January 3rd, 2025  /  Banking & Finance, Banking Industry, Latest news, left, Santa Barbara County, Tri-County Economy  /  Comments Off on George Leis, Montecito Bank’s president and COO, retires

George Leis, the president and chief operating officer at Montecito Bank & Trust, announced that he would be retiring effective immediately, according to a Jan. 3 press release from the bank. Leis, who first joined Montecito Bank & Trust in those roles in 2016, said that during his time at the bank, he was able Read More →

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Portfolio watch

By   /  Friday, January 3rd, 2025  /  Central Coast, Columns, Economy, Latest news, Subscriber content, Tri-County Economy  /  Comments Off on Portfolio watch

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Inogen’s newest respiratory device gains FDA clearance

By   /  Monday, December 30th, 2024  /  Latest news, left, Santa Barbara County, Technology, Tri-County Public Companies  /  Comments Off on Inogen’s newest respiratory device gains FDA clearance

Goleta-based Inogen, a medical technology specializing in the manufacturing of portable oxygen containers, announced Dec. 30 that it had received U.S. Food and Drug Administration clearance for the Simeox 200 Airway Clearance Device. The clearance helps expand the company’s ability to market and meet the various needs of patients with chronic respiratory diseases in the Read More →

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Teledyne completes $58M takeover of Micropac

By   /  Monday, December 30th, 2024  /  Latest news, middle, Technology, Tri-County Public Companies  /  Comments Off on Teledyne completes $58M takeover of Micropac

Thousand Oaks-based Teledyne Technologies completed its acquisition of Micropac Industries on Dec. 30. The all-cash transaction valued Micropac at approximately $57.3 million, taking into account Micropac’s net debt as of Aug. 24. Under the merger agreement’s terms, Micropac stockholders received $20 per share in cash. “We are delighted to welcome Micropac and its employees to Read More →

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Tri-County unemployment rate remains unchanged in November 

By   /  Thursday, December 26th, 2024  /  Central Coast, Columns, Economy, Latest news, left  /  Comments Off on Tri-County unemployment rate remains unchanged in November 

For the second straight month, the unemployment rate along the Central Coast didn’t see much change, according to the latest data from the California Employment Development Department.  Released Dec. 20, the unemployment rate of the tri-counties was at 4.36% for the month of November, the same unemployment rate the Central Coast saw in October and up slightly Read More →