New $20M software campus will put SLO at the cutting edge
At precisely 2:25 p.m. on Tuesday, Oct. 29, 2013, the future of San Luis Obispo county as an emerging hub for technology companies suddenly got a lot brighter.
That’s the moment when Mindbody CEO Rick Stollmeyer and a half-dozen local dignitaries dug the first shovelful of dirt for the software and services company’s new $20 million campus.
Montecito Medical’s $54M buy raises stake for health properties
Montecito Medical Acquisition Co., a Santa Barbara-based real estate investment firm, has made one of its largest purchases to date, paying $54.6 million for the UCLA Outpatient Surgery and Oncology Center in Santa Monica. The firm now has about $170 million in assets, even after divesting some of the properties it purchased with its first fund between 2006 and 2008.
With merger and TechPitch win, SLO’s startups are on the fast track
In the past couple of weeks, Alex Minicucci has successfully merged his fast-growing mobile marketing company with a publicly traded firm out of Iowa. Meanwhile, an entrepreneurial emergency room doctor from Nipomo came up a with a brilliantly simple solution for holding an iPad one handed that swept the most comprehensive tech pitch night on the Central Coast to date.
Santa Barbara tourist hostel sells as developers eye lower State St.
“We were drawn [to the property] by the proximity to the Amtrak station and lower State Street, but really the hostel is in its own class for budget-savvy kinds of travelers and international students,” said Jared Filippone, a vice president with Capitoline Properties, which recently purchased the hostel.
Timing is everything with $56M Central Coast banking merger
Regulators will have one less bank to regulate and the combined bank will get benefits from economies of scale.
Paso looks to future after long-delayed step toward 11 AVAs
The TTB designates viticultural areas to help vintners better describe the origin of their wines and to inform consumers about wines they might purchase.
Precision agriculture is a timely idea, but profits may not grow fast
Farmers are a skeptical lot. And Ventura County farmers have good reasons to be skeptical. They, and their counterparts in the Tri-Counties, grow high-risk, high-yield crops on relatively small plots of land surrounded by housing developments and urban areas. They are subject to heavy regulations on fertilizer, pesticide and water use. Particularly on strawberry fields Read More →
