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By Staff Report / Thursday, June 25th, 2015 / Energy, Latest news, Law & Goverment, South Coast, Top Stories, Tourism / Comments Off on Plains All American Pipeline faces class action lawsuit by property owners over Refugio oil spill
Litigation over the May 19 Plains All American Pipeline spill off the Gaviota Coast gained a powerful combatant on June 24 when former Santa Barbara City Attorney Barry Cappello said he’d filed a class action lawsuit on behalf of 3,000 property owners from Point Conception to the Mexico border. Capello’s lawsuit comes as tar balls Read More →
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By Staff Report / Wednesday, June 24th, 2015 / Latest news, Real Estate, South Coast, Top Stories / Comments Off on Carpinteria office campus sale largest deal this year
Santa Monica-based Montana Avenue Capital Partners purchased the 118,394-square-foot oceanfront office campus at 6303-6309 Carpinteria Ave. in Carpinteria in a record setting deal, according to brokers who worked on the deal. The sale price was not disclosed, although the property was listed for $32.5 million. Francois DeJohn and Steve Hayes of Hayes Commercial Group represented Read More →
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By Philip Joens / Monday, June 22nd, 2015 / Banking & Finance, Central Coast, Latest news, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies / Comments Off on Reality sets in for San Luis Obispo’s MindBody
For San Luis Obispo’s MindBody, reality has set in. The party is over. After early excitement about its initial public offering Friday, reality set in when shares plummeted about 17.4 percent by the end of the day. MindBody shares were rebounding slightly Monday morning. MindBody raised $101 million by selling 7.2 million shares at $14 Read More →
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By Staff Report / Friday, June 19th, 2015 / Banking & Finance, Latest news, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County / Comments Off on Westlake Village’s Cynvenio Biosystems raises $25.5 million in equity financing
Westlake Village-based Cynvenio Biosystems raised $25.5 million in Series B equity financing Wednesday. Cynvenio’s LiquidBiopsy technology allows doctors to access populations of rare cancer cells in whole blood. At the same time, it allows doctors to analyze complex characteristics of cancers in a single blood sample. The investment was led by Livzon Pharmaceutical Group, which Read More →
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By Staff Report / Friday, June 19th, 2015 / Central Coast, Latest news, Top Stories, Tri-County Economy, Tri-County Public Companies / Comments Off on San Luis Obispo’s REC Solar acquires Stellar Energy
REC Solar acquired Stellar Energy from Stellar’s parent company Soligent Holdings on Wednesday in an asset purchase agreement. San Luis Obispo-based REC Solar will add 62 current solar projects and 60 megawatts to its portfolio with the acquisition of Stellar Energy, the leading solar provider in the West. “We are excited about the breadth of Read More →
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By Henry Dubroff / Friday, June 19th, 2015 / Latest news, Opinion, Real Estate, Small Business, South Coast, Top Stories, Tourism, Tri-County Economy / Comments Off on State Street becoming factory outlet center
It was a retail icon, a testament to the 1990s rise of State Street in Santa Barbara as a shopping mecca. The very name oozed luxury and aspiration. Saks Fifth Avenue. And soon it will be gone. The property at the corner of State and Carrillo streets in the 1000 block of the center of Read More →
