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News Corp. to buy Move for $950M

By   /  Tuesday, September 30th, 2014  /  Real Estate, Technology, Top Stories  /  Comments Off on News Corp. to buy Move for $950M

News Corp., the global media conglomerate controlled by Rupert Murdoch, plans to buy Move Inc. for $950 million in an all-cash deal. Move is based in Silicon Valley, but its largest facilities and most of its operations are in Westlake Village.

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SLO telecoms to merge

By   /  Monday, September 29th, 2014  /  Central Coast, Latest news, Technology  /  Comments Off on SLO telecoms to merge

Norcast Telecom and Blue Rooster Telecom, two San Luis Obispo-based firms that provide voice and data service to about 2,500 Central Coast business customers, are merging.

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Lineage Logistics unveils new cold-storage facility in Santa Maria

By   /  Monday, September 29th, 2014  /  Agribusiness, Central Coast, Real Estate, Tri-County Economy  /  Comments Off on Lineage Logistics unveils new cold-storage facility in Santa Maria

Lineage Logistics, owned and managed by Bay Grove Capital, has officially opened the doors of its new 216,000-square-foot cold storage and food-processing facility in Santa Maria. The company declined to share a dollar figure for the project, which is Leadership in Energy and Environmental Design-certified. The company has not provided a dollar figure associated with Read More →

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Qualstar shares sink on $5.6M loss

By   /  Monday, September 29th, 2014  /  Banking & Finance, East Ventura County, Technology, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Qualstar shares sink on $5.6M loss

Qualstar cut its annual loss to $5.6 million — almost half of what it had been a year earlier — but investors weren’t happy with the company’s slow progress as it struggles to return to profitability. Shares of Qualstar plummeted 6.9 percent to close at $1.21 on Sept. 29 after the company reported its fiscal Read More →

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Upper State Street retail center sells for $3.1M

By   /  Monday, September 29th, 2014  /  Real Estate, South Coast, Tri-County Economy  /  Comments Off on Upper State Street retail center sells for $3.1M

Ontare Plaza, a small retail center at 3601-3607 State St. in Santa Barbara, has been sold for $3.1 million. Leisure & Carpenter Properties purchased the 4,855-square-foot property in a 1031 exchange, a Lee & Associates spokesperson told the Business Times. Clarice Clark and Stephen Leider of Lee & Associates negotiated the deal for the seller, Read More →

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Auto exports drive record year at Port of Hueneme

By   /  Monday, September 29th, 2014  /  Agribusiness, Tri-County Economy, West Ventura County  /  Comments Off on Auto exports drive record year at Port of Hueneme

The Port of Hueneme in Ventura County posted its best-ever year for international trade and its second-highest year on record for domestic and global trade combined, it said Sept. 22. Auto exports, up 30 percent year-over-year, led the surge during the port’s 2013-14 fiscal year. Total tonnage moving through the port during the year was Read More →

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Chumash award $112M hotel contract, eye October groundbreaking

By   /  Monday, September 29th, 2014  /  Central Coast, Real Estate, Top Stories, Tourism, Tri-County Economy  /  1 Comment

  Tutor Perini Corp. has been selected to head up construction of the Santa Ynez Band of Chumash Indians’ controversial hotel expansion project. The building contract for the property at 3400 E. Highway 246 in Santa Ynez is valued at $112 million, Sylmar-based Tutor Perini said in a statement. It’s the first time a dollar Read More →