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.
OCB Bancorp taps Ortega to open Santa Barbara branch
The parent company of Ojai Community Bank is tapping veteran South Coast banker Eloy Ortega to open a new Santa Barbara branch.
Snatching a larger slice: Persona pizzeria plots nationwide expansion
Santa Barbara-based Persona Neapolitan Pizza is embarking on a nationwide expansion as competition heats up in the fast-casual, wood-fired pizza market.
Caruso pushes forward with scaled-back Miramar plans
Los Angeles real estate magnate Rick Caruso is amending his plans for the multimillion-dollar revival of Miramar Beach Resort & Bungalows in Montecito to include a little more shrinkage. Caruso Affiliated received approval for the hotel in March 2011 after a years-long hearing process in which Seinfeld actress Julia Louis-Dreyfus, a neighbor of the Read More →
Heritage Oaks Q2 profits jump 25%
Paso Robles-based Heritage Oaks Bancorp’s second-quarter profits jumped 25.1 percent to $2.9 million. Net income from its acquisition of Mission Community Bancorp in February drove the increase, Heritage Oaks said in a July 28 earnings release. The bank’s loans grew 46.9 percent to $1.1 billion, year-over-year, as it added $280.7 million of Mission’s loans to Read More →
Allergan’s South Coast exit reshapes breast implant industry
The region’s status changed dramatically on July 21 when Irvine-based Allergan announced that it would shutter its Santa Barbara operations and eliminate 300 jobs there.
