Quantifying success: New fund to invest in data companies
By Stephen Nellis / Friday, March 7th, 2014 / Technology, Top Stories / Comments Off on Quantifying success: New fund to invest in data companies
A group of Santa Barbara entrepreneurs is looking to raise as much as $50 million for an investment fund that would finance dozens of little big-data startups.
Investor snaps up Sonos R&D facility in largest deal in 7 years
By Marlize van Romburgh / Friday, March 7th, 2014 / Real Estate, South Coast, Top Stories, Tri-County Economy / Comments Off on Investor snaps up Sonos R&D facility in largest deal in 7 years
A 47,000-square-foot property in Santa Barbara that music equipment maker Sonos leases for its world research and development headquarters has been sold for a reported $17.2 million after being listed for $21.5 million.
South Coast golfers trod parched courses amid drought
By Christine De La Cruz / Friday, March 7th, 2014 / Agribusiness, Central Coast, East Ventura County, Features, Green Coast, South Coast, Top Stories, Tourism, Tri-County Economy, West Ventura County / Comments Off on South Coast golfers trod parched courses amid drought
Some of the greens on the South Coast are starting to look a little brown as regional golf courses cut back on watering amid California’s worsening three-year drought.
Developers back out of deal to buy Santa Maria parcels from Limoneira
By Marlize van Romburgh / Friday, March 7th, 2014 / Banking & Finance, Central Coast, Real Estate, Top Stories, Tri-County Economy, Tri-County Public Companies / Comments Off on Developers back out of deal to buy Santa Maria parcels from Limoneira
Two housing developments in Santa Maria are back on the market after a potential buyer backed out of an $8.3 million deal with Limoneira Co.
Belt tightening: Amid drought, food banks face bare cupboards
By Tony Biasotti / Friday, March 7th, 2014 / Agribusiness, Features, Health Care & Life Science, Nonprofits, Top Stories / Comments Off on Belt tightening: Amid drought, food banks face bare cupboards
Demand is up at the region’s food banks, and supply is down. In the for-profit world, those two factors would mean higher prices, but since food banks give away their products, their cupboards are starting to look a bit bare.
Heritage Oaks to cut 60 jobs as Mission Community deal closes
By Marlize van Romburgh / Friday, March 7th, 2014 / Banking & Finance, Banking Industry, Central Coast, Top Stories, Tri-County Economy, Tri-County Public Companies / Comments Off on Heritage Oaks to cut 60 jobs as Mission Community deal closes
With its $56 million acquisition of Mission Community Bancorp, Heritage Oaks will shutter branches along the Central Coast in coming months and lay off about 60 employees in several phases.
Amgen to cut 252 jobs
By Staff Report / Thursday, March 6th, 2014 / Top Stories, Tri-County Public Companies / Comments Off on Amgen to cut 252 jobs
Thousand Oaks-based Amgen plans to lay off 252 employees in Thousand Oaks by the end of April, bringing the total jobs cut since 2007 from Ventura County’s largest private-sector employer to about 1,150.