Port of Hueneme getting funds from Army Corps of Engineers
Updated at 4 p.m. May 26: The Port of Hueneme will receive $778,000 from the Army Corps of Engineers, the first of the port funds it became eligible to receive with the passing of the Water Infrastructure Improvement for the Nation Act in December. The port was previously ineligible to receive money for maintenance from Read More →
Governor pays tribute to Towbes at memorial service
Gov. Jerry Brown made a rare appearance in Santa Barbara on May 23, paying a brief but personal tribute to tri-county businessman Michael Towbes. Towbes died April 11 after a battle with pancreatic cancer. He was 87. Speaking at a memorial service that filled the Granada Theatre, Brown described Towbes as “a helluva guy.” Towbes, Read More →
Westlake Village-based PizzaRev acquired
Chicago accelerator firm Cleveland Avenue acquired a majority stake in Westlake Village-based pizza chain PizzaRev. Cleveland Avenue, founded by retired McDonald’s CEO Don Thompson, invests in food and beverage businesses, including providing research and development resources. PizzaRev represented an opportunity for scale and growth, Thompson said in a news release May 22. “This is more Read More →
Stock soars at The Trade Desk over news of $200 million offering
The Trade Desk stock gained 3.5 percent on the news that it had filed a registration statement with the Securities and Exchange Commission for a follow-on offering of up to $200 million of existing stock. The digital advertising platform company, headquartered in Ventura, will not receive any proceeds from the offering, filed May 19. The Read More →
Housing conference calls for new supply, development
Some of the region’s most prominent housing experts converged in downtown Santa Barbara on May 19 for an all-day conference hosted by the Coastal Housing Coalition. In the morning’s keynote speech, Matthew Fienup, executive director of the Center for Economic Research and Forecasting at California Lutheran University in Thousand Oaks, said the high cost of housing Read More →
Westlake Village drone business taking off
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Santa Maria becoming hub for companies with jobs to offer
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