Crop values hit $4.4B as drought parches strawberries
Drought conditions sapped 12 percent of the value of strawberry production in Ventura County while wine grapes surged for Santa Barbara and San Luis Obispo counties to help boost the region’s crop values to $4.4 billion, according to reports on last year’s crops.
Former Wonder Bread bakery slated for downtown Ventura apartments
A Ventura County investment group has purchased a former Wonder Bread bakery site in downtown Ventura and plans to build a 24-unit luxury apartment complex there. The property at 72 W. Santa Clara St. was sold for just over $1 million, according to Colliers International, which represented both parties in the deal. “City officials Read More →
Bank of America names market president
Diana Gleason has been named market president for Bank of America in Ventura and Santa Barbara counties. Most recently, Gleason was a regional sales executive for Bank of American Home Loans for Ventura, Santa Barbara and San Luis Obispo counties and West Los Angeles. She has been in the banking industry for nearly 40 years Read More →
Amgen cuts jobs at Thousand Oaks headquarters as drug focus narrows
Thousand Oaks-based biotech giant Amgen has entered a new era in which a leaner organization focuses on shepherding 10 late-stage molecules into an increasingly competitive global market. Amgen said July 29 that it will cut staff at its Conejo Valley headquarters and consolidate into fewer buildings as part of a company-wide restructuring plan that Read More →
Santa Maria farmer files Chapter 7 amid legal battle with bank
A Santa Maria produce broker and farmer has filed for Chapter 7 bankruptcy with about $1 million in assets and $9 million in liabilities as his family companies sue the region’s largest bank on allegations that it failed to come through on millions of dollars in promised loans.
A deep dive into real estate: Sandpiper slated to close first investment pool
Sandpiper Capital Partners is testing the depth of its investor network as it gets ready to close its first pooled real estate investment fund at the end of July.
