Shares of Vitesse Semiconductor Corp. plummeted 11.3 percent on Thursday after the company revealed plans to raise $23.2 million by selling common stock. The Camarillo-based chip design company said Thursday that the proceeds of the offering, a planned sale of 7.5 million shares at $3.35 each, would be used for working capital and general corporate Read More →
By Staff Report / Thursday, June 12th, 2014 / Real Estate, Top Stories / Comments Off on Upper State Street office building sells for $10 million
The building anchored by Citibank at 3757 State St. in Santa Barbara has been sold for just shy of $10 million, marking the largest sale of an office property on upper State Street since 2005, according to brokers behind the deal. The buyer and seller were not disclosed. The 20,000-square-foot building, which retains a long-term Read More →
Carpinteria-based Procore Technologies, company that makes cloud-based construction management software, has raised $15 million from the same Silicon Valley investors that have backed Yelp, LinkedIn and Skype.
Santa Barbara-based semiconductor firm Resonant, which has a key development deal with a major supplier to the mobile phone industry, has raised $16.2 million in an initial public offering.
When E.J. Harrison turned to hauling trash to earn money for his family in the middle of the Great Depression, he already had a strong partner — his wife Myra.
Moving is never fun, but a Santa Barbara startup is hoping to make it a little less stressful by connecting people who need to move with nearby truck owners looking to earn extra money. NextMover bills its service, which launched earlier this year, as “your friend with a truck.”
Federal officials have slashed their estimate for how much oil is held in California’s Monterey shale by 96 percent, but energy companies working in the Tri-Counties say they have no plans to abandon their efforts in the long-producing formation or its rising competitor, the diatomite.
