Homebuilding service eyes Central Coast for expansion
A new homebuilding service franchise is expanding into Santa Barbara and San Luis Obispo counties, promising to add more transparency to the construction process. Alair Homes began in Canada in 2006, offering builders the ability to outsource administrative functions and scale up through franchising. Alair handles website work, software, marketing outreach, accounting and other services Read More →
All eyes will be on Oxnard when travel writers meet
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North Santa Barbara County great location for spinout tech
The Third District Supervisor race in Santa Barbara County caught our eye recently when the topic of finding new homes for UC Santa Barbara spinout technology companies came up. Bruce Porter, a West Point alum and stockbroker, has suggested a more comprehensive effort to link UCSB technology startups to communities in north Santa Barbara Read More →
Water rights require balance of interests
As a water lawyer, I am frequently asked, “Who owns the water in California?” In jest, I sometimes respond, “Is that a trick question?” The question is often a charged one that is underlain by personal views that there is either too much or too little government control over water use. The political adage that Read More →
Amgen Tour of California to include Thousand Oaks to Santa Barbara leg
Organizers of the 12th annual Amgen Tour of California bicycle race announced the full route on Jan. 28. The 2016 race will run 782.7 miles from San Diego to Sacramento from May 15 to May 22. This year will also be just the second time out of 11 previous races that the route runs south Read More →
Amgen revenues up 8 percent in 2015
Despite increased competition from biosimilars and blockbuster mergers by its rivals, Amgen revenues rose 8 percent to $21.67 billion in 2015 from $20.06 billion in 2014. Thousand Oaks-based biotech giant Amgen released its fourth-quarter earnings after markets closed on Jan. 28. Quarterly revenues were also up 4 percent to $5.54 billion in 2015 from $5.33 Read More →
Montecito Bank & Trust profits up 21 percent in 2015
Santa Barbara-based Montecito Bank & Trust reported net income of $15.9 million for 2015, up from $13.1 million in 2014. Total gross loans grew 17 percent year-over-year, totaling $711 million on Dec. 31. Total assets were up $53 million in 2015 to $1.2 billion. Total deposits increased 4.5 percent to $1.1 billion, up $48 million. Read More →
