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Receiver in control of Moorpark office building as case hits court
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. Read More →
Dealing a new card at First California
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.
Postal cutbacks signal crunch in public sector
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.
Unloading a recovery: Port of Hueneme expects more gains in ship traffic
The port was hit hard by the recession but has notched some gains in recent months. In November, automobile imports were up 43 percent year-over-year, to 19,753 revenue tons, the measure the port uses for tracking activity.
Postal Service weighs cuts in Oxnard
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 Read More →
