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Business Times to induct Dave Power into Hall of Fame

By   /  Monday, April 7th, 2014  /  Tri-County Economy  /  Comments Off on Business Times to induct Dave Power into Hall of Fame

Auto industry legend J.D. “Dave” Power III, co-founder of J.D. Power & Associates, will become the ninth member of the Pacific Coast Business Times’ regional Business Hall of Fame. Power and the rankings produced by the firm he founded, Westlake Village-based J.D. Power & Associates, have been hugely influential on the auto industry. Power’s pioneering Read More →

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Montecito’s Starbucks center sells for $14.5M

By   /  Monday, April 7th, 2014  /  Real Estate, South Coast, Top Stories, Tri-County Economy  /  Comments Off on Montecito’s Starbucks center sells for $14.5M

The 13,800-square-foot retail center at 1046 Coast Village Road in Montecito has been purchased by a local couple for $14.5 million. (Photo courtesy of Radius Commercial Real Estate & Investments)

  The Starbucks-anchored retail center at 1046 Coast Village Road in Montecito has been sold to a local couple for $14.5 million. Montecito residents Deborah and James Longo purchased the 13,800-square-foot property in an off-market deal, according to Radius Commercial Real Estate & Investments. Along with the coffee shop, the other long-term tenants at the Read More →

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Lynda.com buys coding platform

By   /  Monday, April 7th, 2014  /  Technology, Top Stories  /  Comments Off on Lynda.com buys coding platform

Carpinteria-based online learning company Lynda.com has purchased Compilr, a Canadian firm that runs a cloud-based platform for programmers to write and test code. Terms of the deal were not announced, but TechCrunch said people close to the transaction valued it at around $20 million. Last year, Lynda.com raised $103 million in its first round of Read More →

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Select Staffing to shed debt, relinquish family control in Ch. 11

By   /  Friday, April 4th, 2014  /  Banking & Finance, South Coast, Top Stories, Tri-County Economy  /  Comments Off on Select Staffing to shed debt, relinquish family control in Ch. 11

The reorganization will reduce the ownership stake held by the Sorensen family and ends a years-long search for a solution to the heavy debt load Select Staffing took on at the height of the credit bubble.

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Julia Dilts guides angel network to new role with tech startups

By   /  Friday, April 4th, 2014  /  Columns, Technology  /  1 Comment

Maverick Angels, the Westlake Village-based investor group co-founded by the late John Dilts, is disbanding but not disappearing completely. Founded in 2006, Maverick was a different take on the idea of an angel network. Like other networks, it was an association of individual accredited investors — it didn’t pool money, and members made their own Read More →

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Last indie grocer leaves SLO as Whole Foods buys New Frontiers

By   /  Friday, April 4th, 2014  /  Central Coast, Real Estate, Top Stories, Tri-County Economy  /  Comments Off on Last indie grocer leaves SLO as Whole Foods buys New Frontiers

The sale sets the stage for Whole Foods’ first Central Coast store but also marks the departure of San Luis Obispo’s last independently owned grocery chain.

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Cheers to 100 years: Jordano’s kicks off centennial celebration

By   /  Friday, April 4th, 2014  /  Features, Restaurants, South Coast, Top Stories, Tri-County Economy  /  Comments Off on Cheers to 100 years: Jordano’s kicks off centennial celebration

Pete Jordano, CEO of regional food and beverage distributor Jordano’s. The family-owned company will celebrate its 100th year in 2015. (Stephen Nellis / Business Times photo)

Jordano’s kicked off a year-long run-up to its 100th birthday celebration at its biannual food show.