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.
Hotel Oceana sells to Philadelphia firm for $41.7M
By Staff Report / Thursday, March 6th, 2014 / Real Estate, Top Stories, Tourism / Comments Off on Hotel Oceana sells to Philadelphia firm for $41.7M
Hersha Hospitality Trust said it purchased the 122-room Santa Barbara hotel as part of a strategy to get into one of the “highest-demand gateway markets in the United States.”
Widow wins $4M verdict against Sierra Vista
By Staff Report / Wednesday, March 5th, 2014 / Central Coast, Health Care & Life Science, Top Stories / Comments Off on Widow wins $4M verdict against Sierra Vista
A San Luis Obispo jury has awarded $4 million to a woman who alleged that Sierra Vista Regional Medical Center and an affiliated surgeon conspired to conceal the cause of a her husband’s death.
Semtech meets Street expectations after layoffs
By Stephen Nellis / Wednesday, March 5th, 2014 / Earnings, Technology, Top Stories, Tri-County Public Companies / Comments Off on Semtech meets Street expectations after layoffs
Camarillo-based Semtech Corp. delivered earnings on par with Wall Street expectations on March 5, holding its forecast steady as it deals with the costs of laying off 6 percent of its workforce and navigating a rough patch amid several years of growth.
UCSB to build $74.3M bioengineering center
By Staff Report / Tuesday, March 4th, 2014 / Restaurants, South Coast, Technology, Top Stories, Tri-County Economy / Comments Off on UCSB to build $74.3M bioengineering center
With the state’s fiscal picture improving, UC Santa Barbara is set to break ground on a $74.3 million bioengineering center this summer.
Sonos headquarters sold after listing for $21.5M
By Staff Report / Monday, March 3rd, 2014 / Real Estate, South Coast, Top Stories, Tri-County Economy / Comments Off on Sonos headquarters sold after listing for $21.5M
The 47,000-square-foot building at 25 E. Mason St. in Santa Barbara’s Funk Zone has been sold to an unnamed investor for an undisclosed amount. The property was listed for $21.5 million.
