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Nobel winner unveils social business institute at CSUCI

By   /  Friday, February 26th, 2010  /  Latest news  /  Comments Off on Nobel winner unveils social business institute at CSUCI

Nobel Peace Prize laureate Muhammad Yunus launched the California Institute for Social Business at California State University, Channel Islands, on Feb. 26. The first of its kind, the endeavor will “make it clear to people what a social business is,” Yunus said. A university is not “not just a think tank — it’s also an Read More →

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CKE Restaurants to be acquired for $928M

By   /  Friday, February 26th, 2010  /  Top Stories  /  Comments Off on CKE Restaurants to be acquired for $928M

Carpinteria-based CKE Restaurants, parent company of the Carl’s Jr. and Hardee’s fast food restaurants, announced Feb. 26 that it is being sold to Boston-based private equity firm Thomas H. Lee Partners for $928 million. The deal, expected to close in the second quarter of 2010, will include the assumption of about $309 million of CKE Read More →

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CLU receives $5M gift for new stadium

By   /  Monday, February 22nd, 2010  /  Latest news  /  Comments Off on CLU receives $5M gift for new stadium

California Lutheran University in Thousand Oaks said Feb. 22 that it received $5 million for a new football stadium. The gift is the largest single donation in the history of the university. The new 3,000-seat facility will be named after donor and Ventura County real estate developer William Rolland. His gift is only the second Read More →

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Santa Barbara's Tuttini

By   /  Monday, February 22nd, 2010  /  Latest news  /  Comments Off on Santa Barbara's Tuttini

Tuttini’s Café and Bakery, formerly located next to the Business Times at 10 E. Carrillo St. in Santa Barbara, closed its doors on Feb. 21 after six years in business. In a sign posted in its window, the popular downtown bakery said that it was closing due to “circumstances beyond our control.” The landlord reportedly Read More →

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Yardi Systems buys resident screening service software firm

By   /  Monday, February 22nd, 2010  /  Columns  /  Comments Off on Yardi Systems buys resident screening service software firm

Santa Barbara-based real estate software developer Yardi Systems just purchased RentGrow, a Massachusetts-based company that offers Web-based resident screening for multifamily property managers. Yardi said it acquired the company so it could offer the screening service as part of its Yardi Multifamily Suite, a program that includes payment processing and utility billing. “Yardi acquired RentGrow Read More →

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Sorting out the recovery: which city is first?

By   /  Monday, February 22nd, 2010  /  Columns  /  Comments Off on Sorting out the recovery: which city is first?

Here’s the million-dollar question every business owner in the Tri-Counties should be asking: Which communities are in the best position to capitalize on a recovery? Businesses in relatively healthy cities will have brighter growth prospects, while those in communities that are behind the curve will struggle much longer. Guessing right about the pace of recovery Read More →

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Incubators, hiring hint at tech sector growth

By   /  Monday, February 22nd, 2010  /  Uncategorized  /  Comments Off on Incubators, hiring hint at tech sector growth

Even in an economy struggling back to its feet, a good engineer is hard to find. From startups to industry veterans, tri-county technology companies are still hiring and snapping up space in the commercial real estate markets. While it’s still a buyer’s market for employers looking to hire in other sectors, tech companies say finding Read More →