Vital signs: Unemployment rate takes a steep hike in June
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Student housing continues to post record growth despite economic pitfalls
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High expectations: Acelyrin’s founder believes company could become “world’s best”
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Street smarts: Santa Barbara Museum of Art appoints new director
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Dubroff: Takeaways from the News-Press’s abrupt end and newspaper industry
When I arrived on the Central Coast in the fall of 1999 to start the Business Times, the Santa Barbara News-Press represented a formidable challenge. Under the leadership of Steve Ainsley, the New York Times-owned newspaper held a position of thought leadership in the community and its reporting on environmental issues was world class. One Read More →
SBNP files for Chapter 7 bankruptcy, closes operation
Wendy McCaw, a Hope Ranch billionaire with many assets in the Santa Barbara area, is no stranger to court proceedings, but her latest filing for bankruptcy could take quite a while. On July 21, Ampersand Publishing, the controlling company for the Santa Barbara News-Press, filed for Chapter 7 bankruptcy, leading to the paper ceasing all Read More →
Banc of California acquires PacWest in an all-stock deal
Santa Ana-based Banc of California is acquiring Beverly Hills-based PacWest Bancorp in an all-stock deal, the companies jointly announced on July 25. The deal, expected to close in the fourth quarter of 2023 or the first quarter of 2024, will create a combined $36 billion in total loans and assets. The bank will be based Read More →
