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Los Osos gets stimulus loan

By   /  Monday, September 13th, 2010  /  Latest news  /  Comments Off on Los Osos gets stimulus loan

The project to install a sewer system in Los Osos got a boost on Sept. 3 with the announcement of $87 million in federal stimulus money. Officials from the U.S. Department of Agriculture came to the San Luis Obispo County Government Center to announce the grant, according to a USDA news release. The funding is Read More →

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Harrington West files for bankruptcy

By   /  Friday, September 10th, 2010  /  Latest news  /  Comments Off on Harrington West files for bankruptcy

Solvang-based Harrington West Financial Group, the former parent of failed Los Padres Bank, announced Sept. 10 that it has voluntarily filed for Chapter 11 bankruptcy.   Harrington West, listing more than $26 million in liabilities, said it intends to file a liquidating plan within the next few months. With the loss of Los Padres Bank Read More →

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Row 44 closes $37M funding round

By   /  Wednesday, September 8th, 2010  /  Latest news  /  Comments Off on Row 44 closes $37M funding round

Row 44, a Westlake Village-based company that provides wireless Internet on commercial airlines, announced Sept. 8 that it had closed a $37 million round of private financing. The new Series B round brings Row 44’s venture capital total to more than $60 million since 2008. “This investment gives Row 44 the operating capital to continue Read More →

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Financial crisis inquiry underway in Bakersfield

By   /  Tuesday, September 7th, 2010  /  Latest news  /  Comments Off on Financial crisis inquiry underway in Bakersfield

The federal Financial Crisis Inquiry Commission is meeting in Bakersfield for a Sept. 7 hearing that will focus on community banks and credit unions and the impact of the financial meltdown on California communities. A live feed of the hearing is available at www.fcic.gov. The FCIC’s vice chairman is Bill Thomas, a former congressman from Read More →

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Region's companies make Inc. 5000

By   /  Monday, September 6th, 2010  /  Latest news  /  Comments Off on Region's companies make Inc. 5000

A number of regional companies were included on the 2010 Inc. 5000, Inc. Magazine’s latest list of the fastest growing companies in the nation. Santa Barbara-based FastSpring was No. 41 on the list, and Xirrus in Thousand Oaks was No. 75. Carpinteria-based Lynda.com was No. 899 and Santa Barbara-based Jensen Audio Visual was No. 2845. Read More →

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RiverPark units sell for $81.5M

By   /  Thursday, September 2nd, 2010  /  Latest news  /  Comments Off on RiverPark units sell for $81.5M

A 400-unit luxury apartment community in Oxnard’s RiverPark development has been purchased for $81.5 million by three L.A. area firms. Los Angeles-based Urban Partners LLC and Beverly Hills-based Capri Capital Partners and Kennedy Wilson purchased Serenade, a “resort-style community” within RiverPark, Oxnard’s proposed master-planned development. “Our focus has been on supply constrained, infill West Coast Read More →

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Calavo Q3 earnings up 141%

By   /  Wednesday, September 1st, 2010  /  Latest news  /  Comments Off on Calavo Q3 earnings up 141%

Avocado marketer Calavo Growers reported a record third quarter, with earnings up 141 percent to $5.9 million, or 41 cents per share. The Santa Paula-based firm said Sept. 1 that third-quarter revenues jumped 8 percent to $114.6 million on healthy sales of fresh avocados and avocado products and growth in its other perishable produce sales. Read More →

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