Dick Fausset is partying in Texas like it’s 1999. The California real estate investor and his Ventura-based firm, Fausset Neely, recently sold a 104,500-square-foot shopping center in Amarillo, Texas, for $4.4 million — twice as much as they paid for the property in 1998. The sale follows a year of scooping up more than 300,000 [...]
After a decade of proposing and planning, a mid-year groundbreaking is scheduled for the California Space Center, a 500,000-square-foot complex just outside of the only space port on the West Coast at Vandenberg Air Force Base. Two firms — including Hawthorne-based SpaceX, the company vying to take U.S. astronauts into orbit as NASA replaces the [...]
Defense contractor Saalex Solutions has landed a $93.3 million contract — its largest to date — to provide support services to the Naval Air Warfare Center Weapons Divisions at Point Mugu and China Lake. The Navy has the option to bump the three-year contract to five years, increasing the total value to $162 million. Saalex [...]
For the roughly 2 billion people in the world with no electricity, reading at night means squinting in the dim and dirty light of a candle or a kerosene lamp. For $12 each, they could read by the steady glow of a solar-powered LED lamp instead. A team of engineers at UC Santa Barbara has [...]
Between the presidential library in Simi Valley and the Reagan Ranch near Santa Barbara, the coastal hills and wide open skies of the Tri-Counties have become the backdrop for Ronald Reagan’s legacy. The 40th U.S. president put a mark on the region, drawing media and visitors from around the world to the area as he [...]
Condor Corporate Center, a 130,000-square-foot office building in Moorpark, is at the center of a lawsuit alleging the owner is in default on a $16 million loan. A Ventura County Superior Court judge appointed a temporary receiver to take charge of the property in December and will consider appointing a permanent receiver later this month. [...]
First California Financial Group’s foray into the prepaid debit card market is a potentially lucrative moneymaker for the banking firm, but also a step into a riskier, increasingly regulated business. The Westlake Village-based banking firm and parent of First California Bank said in late December that it will buy the electronic banking division of Palm [...]
Between the rise of e-mail and the Great Recession, the U.S. Postal Service hasn’t had an easy decade. Mail volume is down 20 percent since 2006 and the agency has even discussed eliminating Saturday delivery. Now, for the second time in less than two years, the Postal Service has announced proposed cuts to its mail-processing [...]
In the conference room where the Oxnard Harbor District meets, the portraits of 22 former commissioners hang on the wall. They are all men, and the next two to go up will be, too. But that will change. On Jan. 10, Mary Anne Rooney was sworn in as one of two new commissioners. It was [...]
The U.S. Postal Service is considering closing its processing and distribution facility in Oxnard and moving the work to its Goleta facility, a move that would save about $1.8 million and cost the region 79 jobs. The Postal Service has scheduled a public meeting for Jan. 20 in Oxnard to review the proposal. At that [...]
It’s all smiles and sauvignon in Happy Canyon’s vineyards
Towbes Group grabs Goleta with Groupon-like deals at retailers
Social-media IPOs could launch Golden State sustainability fund
Ventura County brokers hold out ’til 2013 for real recovery
Name changes and new faces at SLO and Oxnard law firms
From apartments to industrial spaces, deals close in the region