Bacara Resort & Spa in Goleta to become a Ritz-Carlton
Pacific Hospitality Group confirmed Sept. 12 that it had entered the final stages of a sale of the Bacara Resort & Spa in Goleta to a new buyer and its transition to a new management company but declined to provide names. Industry sources said that it had been bought by New York real estate investment Read More →
Limoneira reports revenues up but net income down
Santa Paula citrus producer and real estate investment company Limoneira reported on Sept. 11 a slight increase in revenues for its third quarter, ended July 31, but a drop in net income to $7.7 million, or 52 cents per share. Avocado production fell by nearly half, since the crop bears in alternate years, but declines Read More →
Central Coast accounting firms agree to merge
Glenn Burdette, an accounting firm with offices in Santa Maria, Paso Robles and San Luis Obispo, has announced plans to combine with Radakovich, Shaw & Blythe, an accounting firm headquartered in San Luis Obispo. Radakovich, Shaw & Blythe principals Mike Radakovich, Ed Shaw, Anne Blythe and Bonnie Blanchard will join Glenn Burdette as principals. Glenn Burdette Read More →
National Search Dog Foundation in Santa Paula trains heroes
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Fess Parker hotel in Santa Barbara upping its game
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New job formation slowing down in California
A long anticipated slowdown in new job formation occurred this year, California Economic Forecast Director Mark Schniepp said at the 2018 Los Angeles County and Ventura County Economic Outlook on Sept. 7 in Westlake Village. Schniepp attributes the slowdown mainly to an unemployment rate of less than 5 percent. He said a fully employed economy Read More →
Revenues up at Calavo Growers but net income down
Calavo Growers reported a 15 percent increase in its third quarter revenues but net income fell to $8.8 million, or 50 cents per share, down from $12.7 million and 73 cents per share for the previous third quarter. The Santa Paula company’s Renaissance Food Group saw a 24 percent increase in revenue, but cost of Read More →
