Amazon’s Santa Barbara office sold in one of downtown’s biggest commercial deals ever
Amazon’s downtown Santa Barbara building got a new landlord when the property was sold in early December to an international investor. Global Mutual, a London-based investment firm, bought the three-story building for close to its listed price of $38.4 million, making it one of the largest sales ever of commercial property in the downtown Santa Read More →
InTouch founder Yulun Wang joins Cottage board
Yulun Wang, the head of research and development at Teladoc Health and a pioneer in the field of remote and robotic surgery, has joined the volunteer Board of Directors for Cottage Health. Wang has deep roots in the area, having earned his doctorate in electrical and computer engineering from UC Santa Barbara. He then spent Read More →
Simi Valley’s AeroVironment buys German robotics firm for $45M
AeroVironment, an aerial drone company based in Simi Valley, reached an agreement Dec. 8 to acquire Telerob, a German robotics company, in a deal worth approximately $45.4 million in cash. AeroVironment also released its second quarter 2021 earnings on Dec. 8, revealing an increase in revenue, but a 71% drop in earnings from the previous Read More →
Thousand Oaks mayor lauds ‘balanced growth,’ cites new mixed-use project
Thousand Oaks mayor Al Adam gave the annual State of the City address on Dec. 8, centered around three things he said are most important to the city’s growth: jobs, the environment and housing. In his virtual address, Adam said the influx of biotech companies in recent years has been a big win for the Read More →
Tri-Counties will ask state to form separate region for shutdown rules
In a show of rising frustration over Gov. Gavin Newsom’s Southern California-wide “stay-at-home” order, the counties of Ventura, Santa Barbara and San Luis Obispo are jointly petitioning the state to loosen the rules for some 1.5 million residents. In a draft statement reviewed by the Business Times, the three counties said they will shortly be Read More →
MannKind makes $12.5M pharma buy
MannKind Corp., a biotech company based in Westlake Village, announced Dec. 7 that it has acquired a QrumPharma, a privately held biotech company, in a $12.5 million deal. MannKind has purchased all outstanding capital stock of QrumPharma for $3.5 million in cash and just over 3 million shares of MannKind common stock. At MannKind’s stock Read More →
Retailers brace for a pandemic holiday
Small businesses are using the holidays to find new ways to support themselves and their communities.
