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UCSB forecast predicts ‘new normal’ for water conservation

By   /  Friday, January 27th, 2017  /  Central Coast, Latest news, South Coast, Tri-County Economy  /  Comments Off on UCSB forecast predicts ‘new normal’ for water conservation

A mid-year forecast by the UC Santa Barbara Economic Forecast Project illustrated a “new normal” for water conservation measures but uncertainty for the economy in the wake of the election. Demand has fallen below 10,000 acre feet of water for the Goleta Water District after mandated conservation requirements. While not sustainable in the long term, Read More →

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InTouch Health to celebrate opening of Goleta headquarters

By   /  Friday, January 27th, 2017  /  Central Coast Health Watch, Latest news  /  Comments Off on InTouch Health to celebrate opening of Goleta headquarters

Telehealth developer InTouch Health will celebrate the grand opening of its new corporate headquarters at 7402 Hollister Ave. in Goleta on Jan. 31. The new facility includes an advanced technology “innovation center” that showcases medical care delivery solutions via robotics and cloud-based networks. InTouch created the world’s first robotic telehealth system shortly after its founding Read More →

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Community West Bancshares income down for fourth quarter but up for 2016

By   /  Friday, January 27th, 2017  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Community West Bancshares income down for fourth quarter but up for 2016

Community West Bancshares, parent company of Goleta-based Community West Bank, reported net income of $1.3 million in the fourth quarter of 2016, or 16 cents per diluted share, down from $1.9 million in the fourth quarter last year. While net income was down for the quarter, it reached $5.2 million in 2016, up from $2.9 Read More →

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America’s Tire to be built on $3.25 million Goleta parcel

By   /  Friday, January 27th, 2017  /  Latest news, South Coast  /  Comments Off on America’s Tire to be built on $3.25 million Goleta parcel

A 35,000-square-foot vacant parcel at 151 S. Fairview Ave. in Goleta was sold for $3.25 million with plans to build an America’s Tire. It is one of the few parcels of vacant, developable land in Goleta where a variety of hotels and housing and commercial projects are in the works. It will fit nicely into Read More →

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Lockheed Martin reports strong fourth quarter earnings

By   /  Tuesday, January 24th, 2017  /  Latest news, Technology  /  Comments Off on Lockheed Martin reports strong fourth quarter earnings

Defense and technology giant Lockheed Martin, which has operations in Goleta, reported earnings of $3.25 per share for the fourth quarter of 2016, bringing it up to $12.38 per share for the year. Sales grew from $11.8 billion in the final quarter of 2015 to $13.8 billion, the company reported Jan. 24, with net earnings Read More →

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Sares-Regis buys 29 acres at Conejo Spectrum in Thousand Oaks

By   /  Monday, January 16th, 2017  /  Latest news, Real Estate  /  Comments Off on Sares-Regis buys 29 acres at Conejo Spectrum in Thousand Oaks

The Sares-Regis Group bought 29 acres of land at the Conejo Spectrum Business Park in Thousand Oaks with plans to build out industrial buildings, according to Colliers International. The property management company with an office in Goleta partnered with an investment firm to purchase the land near Rancho Conejo Boulevard and Conejo Spectrum Drive for Read More →

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Orfalea price cut signals soft Ventura County office market

By   /  Friday, January 13th, 2017  /  Columns, Latest news, Real Estate  /  Comments Off on Orfalea price cut signals soft Ventura County office market

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