June 28, 2022
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Resonant hopes expanded licensing deal will propel it to top of 5G world

By   /  Friday, November 5th, 2021  /  Banking & Finance, Latest news, South Coast, Subscriber content, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Resonant hopes expanded licensing deal will propel it to top of 5G world

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Inogen beats earnings expectations, but supply issues persist

By   /  Thursday, November 4th, 2021  /  Banking & Finance, Earnings, Latest news, middle, South Coast, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Inogen beats earnings expectations, but supply issues persist

Goleta-based Inogen was able to deliver another earnings beat on Nov. 4 behind positive financial results for the third quarter of fiscal year 2021, but supply chain constraints continue to hinder the company’s potential. Inogen, a medical device company that manufactures and supplies portable oxygen containers, saw its net income and revenue increase year-over-year for Read More →

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New owners have plans to transform Nordstrom building in downtown Santa Barbara

By   /  Thursday, November 4th, 2021  /  Latest news, Real Estate, South Coast, Top Stories, Top Story, Tri-County Economy  /  Comments Off on New owners have plans to transform Nordstrom building in downtown Santa Barbara

Three out-of-area firms have acquired the now-vacant building formerly occupied by Nordstrom in downtown Santa Barbara, the companies announced Nov. 4. Shopoff Realty Investments and Praelium Commercial Real Estate, both based in Orange County, bought the property in partnership with an affiliate of New York City-based Dune Real Estate Partners. Shopoff Realty Investments representatives declined Read More →

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Our View: New mayor could herald changes in Santa Barbara

By   /  Thursday, November 4th, 2021  /  Editorials, Government, Latest news, Opinion, South Coast, Tri-County Economy  /  Comments Off on Our View: New mayor could herald changes in Santa Barbara

With preliminary results from the Nov. 2 election available as this issue of the Business Times went to press, former City Council member and retired restaurant owner Randy Rowse appeared headed for victory in the closely watched Santa Barbara mayor’s race. The early results had Rowse with 40.4% of the vote, ahead of James Joyce’s Read More →

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QAD shareholders approve acquisition by Thoma Bravo; deal expected to close in ‘coming days’

By   /  Tuesday, November 2nd, 2021  /  Banking & Finance, Latest news, right, South Coast, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on QAD shareholders approve acquisition by Thoma Bravo; deal expected to close in ‘coming days’

In a special meeting on Nov. 2, shareholders of QAD approved the Santa Barbara-based software company’s pending acquisition by Thoma Bravo, a deal QAD said should close “within the coming days.” The private equity firm is buying QAD in a $2 billion all-cash deal announced by the companies on June 28. When the transaction closes, Read More →

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UCSB says it’s sticking with Munger’s mega-dorm

By   /  Tuesday, November 2nd, 2021  /  Higher Education, Latest news, Real Estate, South Coast, Top Stories, Top Story, Tri-County Economy  /  Comments Off on UCSB says it’s sticking with Munger’s mega-dorm

Despite drawing national attention and criticism, UC Santa Barbara isn’t backing down from the design of the proposed Munger Hall dormitory on the university’s campus. Charlie Munger, the 97-year-old vice chairman of Warren Buffet’s firm Berkshire Hathaway, has pledged $200 million to UCSB to build the student housing development. The project budget is “in the Read More →

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Earnings up as Community West Bank reports 10% non-PPP loan growth

By   /  Monday, November 1st, 2021  /  Banking & Finance, Banking Industry, Earnings, Latest news, South Coast, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Earnings up as Community West Bank reports 10% non-PPP loan growth

Goleta-based Community West Bancshares reported “strong” earnings in the third quarter, fueled by an expanded balance sheet and increased net interest, according to a quarterly report released Nov. 1. The parent company of Community West Bank said its net income for the most recent quarter was $3.6 million, or 41 cents per diluted share, compared Read More →