Mindbody to buy billion-dollar fitness company, fueling talk of new IPO
EDITOR’S NOTE: This article was updated Oct. 15 with more information about the merger and an interview with Mindbody founder Rick Stollmeyer. After a year of pandemic-related struggles in the health and wellness industry, two companies are announcing a merger just as the sector is starting bounce back. San Luis Obispo-based Mindbody announced Oct. 13 Read More →
Fire closes Highway 101 near Goleta
Highway 101 remained closed Wednesday morning at its midpoint in Santa Barbara County as a wildfire that started Oct. 11 continued to burn through the hills northwest of Goleta. The Alisal Fire jumped Highway 101 along the Gaviota coast on Oct. 12 and sent smoke and ash into downtown Santa Barbara and even Ventura County. Read More →
Jay-Z’s cannabis company buys Santa Barbara dispensary operator
Coastal Holdings Company, a Santa Barbara-based cannabis dispensary and delivery operator, was purchased by The Parent Company, a publicly traded cannabis firm backed by the rapper Jay-Z, in a deal worth as much as $56.2 million. According to details of the transaction, which The Parent Company announced Oct. 4, The Parent Company is seeking to Read More →
Region ready to re-open doors to international visitors
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Community West Bank names new president
Goleta-based Community West Bancshares announced Oct. 4 that William Filippin, a 26-year banking industry veteran, has been promoted to president of Community West Bank. Filippin’s responsibilities include day-to-day decisions about policy, procedure and process, according to a news release from Community West Bancshares. He began his new role on Oct. 1. “Bill’s strategic contributions over Read More →
Real Estate: New CRE firm hits the scene in Sal Luis Obispo County
A new full-service commercial real estate firm has opened in San Luis Obispo County, specializing in real estate investment sales and leasing for clients on the Central Coast. Archer + Co, headquartered in Los Osos, provides complimentary property valuations, wealth and asset preservation planning and investment opportunities, among other services. Patrick Archer Wilkinson, a real Read More →
Two Central Coast marketing companies rake in 8-figure financing deals
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