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Conversant to sell for $2.3B, Eucalyptus acquired by HP

By   /  Thursday, September 11th, 2014  /  Latest news, Technology, Top Stories  /  1 Comment

In what could be the region’s biggest-ever day for tech deals, Westlake Village-based Conversant said it will be sold to Dallas-based Alliance Data Systems in a deal valued at $2.3 billion, and Santa Barbara-based Eucalyptus Systems said it will be bought by HP.

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Camarillo industrial buildings sell for $23.4M

By   /  Thursday, September 11th, 2014  /  Real Estate, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on Camarillo industrial buildings sell for $23.4M

Marcus Adams Properties has purchased 205,669 square feet of space in the Flynn Road Industrial Park in Camarillo for $23.4 million. The Ventura-based firm said it bought six multi-tenant and two single-tenant industrial buildings in the business park. The properties were 96 percent leased with a total of 28 tenants at the time of the Read More →

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Residency program at VCMC ranked No.1 in nation

By   /  Wednesday, September 10th, 2014  /  Top Stories  /  Comments Off on Residency program at VCMC ranked No.1 in nation

The Ventura County Medical Center’s residency program for family medicine was ranked No. 1 in the nation by U.S. News & World Report and the online physician network Doximity.

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Fire and law enforcement groups oppose Measure P

By   /  Wednesday, September 10th, 2014  /  Central Coast, South Coast, Top Stories, Tri-County Economy  /  Comments Off on Fire and law enforcement groups oppose Measure P

Organizations representing more than 700 public-safety officials in Santa Barbara County have taken a  stand against a ballot initiative that could eventually shut down much of the oil and gas production in the county. The Santa Barbara County Firefighters Association, the county Deputy Sheriffs Association and the Santa Barbara Police Officers Association all said Sept. Read More →

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$2.6M deal marks record for Summerland CRE market

By   /  Monday, September 8th, 2014  /  Real Estate, Small Business, South Coast, Top Stories, Tourism, Tri-County Economy  /  Comments Off on $2.6M deal marks record for Summerland CRE market

  The recent sale of a high-profile mixed-use property on Lillie Avenue in Summerland marks the highest price per square foot for a commercial property larger that 2,000 square feet in the coastal town. The property, located at 2330 Lillie Ave. and home to Summerland Winery’s tasting room and Bonita Boutique, sold for more than Read More →

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Measure P puts future of oil drilling at stake

By   /  Friday, September 5th, 2014  /  Central Coast, Green Coast, Law & Goverment, Top Stories, Tri-County Economy  /  Comments Off on Measure P puts future of oil drilling at stake

Measure P would ban the use of techniques such as hydraulic fracturing, also known as fracking, and acid stimulation, which aren’t currently in use in the county. But it would also ban practices such as cyclic steaming, which is in use at about one-third of Santa Barbara County’s nearly 1,200 wells.

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Tank Farm rolls ahead: EIR approved for 332-acre Chevron project in SLO

By   /  Friday, September 5th, 2014  /  Central Coast, Real Estate, Top Stories, Tri-County Economy  /  Comments Off on Tank Farm rolls ahead: EIR approved for 332-acre Chevron project in SLO

Chevron and commercial real estate leaders says the project, which includes a business park at full build-out, will act as a catalyst for private-sector development in that portion of San Luis Obispo.