Cambria hotel in Chapter 11
By Pacific Coast Business Times Staff / Monday, June 14th, 2010 / Top Stories / Comments Off on Cambria hotel in Chapter 11
A new luxury hotel in the seaside town of Cambria has found just how tough it can be to get off the ground. The development company for the new El Colibri hotel and spa has filed for Chapter 11 bankruptcy, listing $9.5 million in liabilities, and has put the hotel up for sale seven months Read More →
GoToProfit: Citrix Online expands in Goleta
By Pacific Coast Business Times Staff / Monday, June 14th, 2010 / Top Stories / Comments Off on GoToProfit: Citrix Online expands in Goleta
Citrix Online was one of the brightest tri-county success stories of the 2000s. More than a decade later, it shows no sign of slowing down, marking double-digit profit growth during the worst recession in decades by helping other businesses save on travel, meeting and training costs. Founded in the late 1990s, Citrix Online began life Read More →
Lokey to guide Mission Community Bancorp's growth plan
By Pacific Coast Business Times Staff / Monday, June 14th, 2010 / Top Stories / Comments Off on Lokey to guide Mission Community Bancorp's growth plan
With a tri-county banking veteran as its new CEO and a $25 million infusion of capital from a private equity firm, San Luis Obispo-based Mission Community Bancorp is poised to make some big moves in the coming months. Mission Community Bancorp is a publicly traded banking firm and the holding company for Mission Community Bank, Read More →
Tri-county tourism on the rebound
By Pacific Coast Business Times Staff / Monday, June 7th, 2010 / Top Stories / Comments Off on Tri-county tourism on the rebound
Economists can argue all day about the precise end of this recession, but in the travel and tourism sector, the tri-county region’s biggest private industry, the numbers point very clearly to the spring of 2010. Even for hoteliers who remember the post-Sept. 11 slump, 2009 was one of the most relentlessly horrible years in memory. Read More →
A solid business: Wood flooring company looks to region
By Pacific Coast Business Times Staff / Monday, June 7th, 2010 / Top Stories / Comments Off on A solid business: Wood flooring company looks to region
For Morgan & Teach Plank Co., the wood business is good business. At a time when tri-county companies have struggled and some have shuttered or left the region, Morgan & Teach has snapped up a State Street storefront in Santa Barbara to show off its high-end wood flooring. And President James Tinghitella wants to move Read More →
Pacific Capital will keep headquarters
By Pacific Coast Business Times Staff / Monday, June 7th, 2010 / Top Stories / Comments Off on Pacific Capital will keep headquarters
Even as it operates under a tight regulatory regime, Pacific Capital Bancorp, the region’s largest banking company, confirmed to the Business Times that it is not terminating the lease on its downtown Santa Barbara headquarters. It’s a sign that the Ford Financial Fund — a Texas-based investment group in talks with Pacific Capital over a Read More →
Lost Canyons Golf Club slated for housing
By Pacific Coast Business Times Staff / Monday, May 31st, 2010 / Top Stories / Comments Off on Lost Canyons Golf Club slated for housing
After struggling for years in the golf world, Simi Valley’s Lost Canyons is ready to try its hand in the residential real estate market. The owners of the 1,770-acre site in north Simi Valley have taken the first steps in the city’s approval process to rezone and redevelop the two 18-hole public courses into a Read More →
