Shares of Goleta-based Inogen soared 11.4 percent to $16.29 on May 14 after reporting stronger-than-expected profits and boosting its sales outlook for the year.
The 39,875-square-foot office building at 6550 Hollister Ave. in Goleta has been sold to an undisclosed South Coast investor after listing for $14.2 million. The property is leased to Cottage Health System and is located diagonally across from the new Deckers Outdoor Corp. headquarters. “The recession triggered a ‘flight to quality’ among investors, and Read More →
The former Holiday Inn on Calle Real in Goleta will officially start flying the Kimpton Hotels & Restaurants flag in July. The San Francisco-based boutique hotel operator said it has partnered with Newport Beach-based hotel owner Makar Properties to rebrand the 150-room hotel as The Goodland following a renovation. Makar Properties purchased the hotel for Read More →
Led by “off the charts” growth in the information technology, banking and finance sectors, Santa Barbara County is outpacing California when it comes to economic growth.
Lettuce Apps, a spinout out of UC Santa Barbara, has been acquired by financial software giant Intuit for an estimated $30 million. The Los Angeles-based company got its start in UCSB’s Technology Management Program, which has produced a number of successful startups including medical device maker Inogen, now a publicly traded company based in Goleta. Read More →
A class-action lawsuit over whether a Santa Barbara insurance agent’s employers knew about the “churning” scam he was running and let it continue because it boosted profits is headed to trial after its class certification was upheld at the California Supreme Court in March.