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Former Raytheon property in Goleta sells for $2.8M

By   /  Monday, December 15th, 2014  /  Latest news, Real Estate, South Coast, Top Stories  /  Comments Off on Former Raytheon property in Goleta sells for $2.8M

Once home to aerospace and defense firm Raytheon, the industrial building at 5756 Thornwood Drive in Goleta has new owners, and improvements are on the way.

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Chairman says Santa Paula cleanup could finish this year

By   /  Monday, December 15th, 2014  /  Latest news, Top Stories, West Ventura County  /  Comments Off on Chairman says Santa Paula cleanup could finish this year

On Nov. 18, a vacuum truck exploded at the Santa Clara unit and nearly 50 people were treated for injuries and irritation caused by some 1,000 gallons of hazardous material released, which officials told reporters was bursting into flames at the site.

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Allergan alumni launch FDA compliance firm

By   /  Friday, December 12th, 2014  /  Latest news, South Coast, Technology, Top Stories  /  Comments Off on Allergan alumni launch FDA compliance firm

Though the services provided by 123Compliance may not deliver the behemoth employer that could replace Allergan’s big footprint, the company, with 20 employees worldwide, has been growing exponentially.

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East Coast in focus as Somera Capital reaches $2B mark

By   /  Friday, December 12th, 2014  /  Banking & Finance, Latest news, Personal Finance, South Coast, Subscriber content, Top Stories  /  Comments Off on East Coast in focus as Somera Capital reaches $2B mark

With a core portfolio of assets from Palo Alto to Los Angeles, the company has started fishing for deals in the Seattle market and putting even more focus on East Coast markets from Washington, D.C. to Savannah, Georgia.

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Wells Fargo to open new Santa Barbara location

By   /  Thursday, December 11th, 2014  /  Banking & Finance, Banking Industry, Latest news, South Coast, Top Stories  /  Comments Off on Wells Fargo to open new Santa Barbara location

San Francisco-based Wells Fargo, one the largest employers in the Tri-Counties, is slated to open its fourth banking branch in Santa Barbara on Dec. 15. The new location is at 101 N. Milpas St. and will serve retail, mortgage and business banking customers. Wells Fargo signed the lease for the 2,600-square-foot former Blockbuster location in Read More →

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Port of Hueneme sets record revenue

By   /  Wednesday, December 10th, 2014  /  Latest news, South Coast, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on Port of Hueneme sets record revenue

The Port of Hueneme near Ventura County Naval Base pulled in roughly $14.3 million in total gross revenue for 2014—its highest annual revenue number since its inception in 1937, according to a draft audit report. The report was submitted to the port’s Board of Harbor Commissioners on Dec. 8 and indicates that the Port of Read More →

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New lease marks turnaround of $17.8M deal

By   /  Friday, December 5th, 2014  /  Central Coast, Latest news, Real Estate, Top Stories, West Ventura County  /  Comments Off on New lease marks turnaround of $17.8M deal

Passing through Camarillo, commuters will soon have another reminder of their post-holiday weight loss goals as Fitness 19, a national health club chain, recently signed a 10-year lease for almost 20,000 square feet in the Camarillo Plaza Shopping Center. The lease also helps cement the turnaround of previously bankrupt retail property. “We are excited to Read More →