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Rewinding the tape: After ouster, Qualstar consolidates in Simi Valley

By   /  Friday, July 18th, 2014  /  East Ventura County, Technology, Top Stories, Tri-County Economy  /  Comments Off on Rewinding the tape: After ouster, Qualstar consolidates in Simi Valley

One year after outside investors ousted Simi Valley-based Qualstar’s management and installed a new team, the company has reduced expenses and is working towards profitability.

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Simi Valley hotel dreams take flight with Hummingbird development

By   /  Friday, July 4th, 2014  /  East Ventura County, Real Estate, Top Stories, Tourism, Tri-County Economy  /  1 Comment

  In a bid to attract more tourism dollars from nearby Los Angeles, city officials in Simi Valley are pinning their hopes on the development of a five-star hotel at Hummingbird Nest Ranch. But the developer behind the 126-acre ranch says the largest component of the resort development hinges on how well the early phases Read More →

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Hummingbird Nest rezoning paves way for Simi’s first 5-star resort

By   /  Friday, May 16th, 2014  /  East Ventura County, Real Estate, South Coast, Top Stories, Tourism, Tri-County Economy  /  Comments Off on Hummingbird Nest rezoning paves way for Simi’s first 5-star resort

Texas billionaire David Saperstein has finally secured approval to have Hummingbird Nest Ranch rezoned, paving the way for Simi Valley’s first five-star resort.

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Vapor Hub hopes to lead the way in $3B e-cigarette market

By   /  Friday, May 9th, 2014  /  East Ventura County, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Vapor Hub hopes to lead the way in $3B e-cigarette market

With the U.S. Food and Drug Administration promising to impose regulations on the free-for-all e-cigarette market, Simi Valley-based Vapor Hub International is hoping to help the industry grow up.

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Cashing out: Bank of America consolidates Simi operations

By   /  Friday, March 21st, 2014  /  Banking & Finance, Banking Industry, Real Estate, Top Stories  /  Comments Off on Cashing out: Bank of America consolidates Simi operations

Bank of America has shed a 1 million-square-foot portfolio of former Countrywide Financial Corp. office buildings for $200 million and plans to consolidate its Simi Valley campus.

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Simi mall owners pin turnaround plan on high-end theater anchor

By   /  Friday, November 22nd, 2013  /  East Ventura County, Real Estate  /  Comments Off on Simi mall owners pin turnaround plan on high-end theater anchor

Over the last three years, the new owners have gone through dozens of draft plans and contended with the demise of Simi Valley’s redevelopment agency. The developers have finally settled on a vision that will add a Studio Movie Grill as a second anchor tenant and build a new, centrally located parking lot.

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Defense leaders say industry faces skilled worker shortage

By   /  Friday, November 22nd, 2013  /  Top Stories, Tri-County Economy  /  Comments Off on Defense leaders say industry faces skilled worker shortage

Some of the nation’s top defense industry executives said at a forum at the Reagan Presidential Library on Nov. 16 that they have grave concerns about the nation’s ability to supply the workers needed to maintain the nation’s technological superiority.

Shaky job security at defense firms, competition for talent from non-defense companies and a shortage of science and math graduates are making it hard to hire and retain the kind of skilled people who have made the United States a world leader in technology for decades, panelists said.