Auto World Center in Simi Valley sells for $3.9M
A nearly 30-year-old property in Simi Valley recently traded hands for more than $3.9 million. The Auto World Center, a fully-leased 18,875-square-foot multi-tenant retail center of automotive services, was bought by the Khajerian Family Trust in all-cash deal, according to a release from the Westlake Village office of real estate firm NAI Capital. The Read More →
Oxnard Boys & Girls Club names new CEO
The Boys & Girls Clubs of Greater Oxnard and Port Hueneme, one of the region’s largest nonprofits, has selected Erin Reardon Antrim as its new permanent CEO. Antrim has been leading the organization as its interim chief executive since June 30, when former longtime CEO Tim Blaylock stepped down to join the national organization, Boys Read More →
Crunchies tightens its belt in Ch. 11
Since filing for bankruptcy protection on Aug. 15, Crunchies has laid off eight people — about a third of its full-time staff — at its Westlake Village headquarters, has reduced expenses by about $2 million and has put marketing initiatives and new product development on hold for the rest of the year.
Engineering a deal: Stantec buys Penfield & Smith
Since coming out of the recession, Penfield & Smith had been growing between 5 percent and 10 percent annually but that the company wasn’t hitting its full potential, CEO Hady Izadpanah told the Business Times.
Governments, businesses band together on better broadband
The Broadband Consortium Pacific Coast has been launched to bring the region’s Internet up to speed. The effort is a collaboration between public- and private-sector officials in Ventura, Santa Barbara and San Luis Obispo counties and has received an initial $300,000 in grant funding for its first two years from the California Public Utilities Commission.
Ventura County ex-Sheriff loses supplemental pension lawsuit
A Ventura County judge has denied former Sheriff Bob Brooks’ request for a $75,000 supplement to his existing $283,000-per-year pension.
Atara Biotherapeutics angles for $92M, but jobs are scarce
Atara is among a new breed of “virtual” biotech startups. Such firms operate with barebones staff and outsource research and manufacturing operations to contract organizations. They are becoming increasingly common as investors seek to mitigate the huge risks of bringing drugs to market, a process that can cost as much as $1.8 billion, according to industry estimates.
