The Woodlands Plaza in Simi Valley was sold for nearly $16 million, continuing a string of recent shopping center transactions and renovations in the Tri-Counties. Local private real estate investors DP Grand Simi purchased the 61,373-square foot shopping center at 530 E. Los Angeles Ave. from another private investment group, B/C Sinaloa Plaza. The $15.9-million Read More →
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Freeport-McMoRan is looking to expand its oil and gas production in San Luis Obispo County even though it’s rethinking strategy and may sell or spin off operations. The Arizona-based oil, copper and gold producer wants to add 350 new wells and replace 100 in the Arroyo Grande oil field off Price Canyon Road. It currently Read More →
The Ryland Group office in Westlake Village will close in 2016 following the company’s merger with Standard Pacific Homes. Homebuilders Ryland and Irvine-based Standard Pacific recently completed a $5.2-billion merger to create CalAtlantic Group, the nation’s fourth largest residential home developer. Larry Nicholson, former CEO of Ryland, will serve as CEO of the new Read More →
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The federal body governing pipeline safety has proposed new regulations that will change how oil and gas pipelines are operated, inspected and maintained. Some of the rule proposals include requiring that all pipelines have a system for detecting leaks and establishing a timeline for pipeline inspections following a storm or natural disaster. The Pipeline and Read More →
Goleta is losing one of its longtime tech firms to Thousand Oaks but accommodating an expanding homegrown company. Goleta-based BEI Sensors, which creates speed and position sensors for the defense, industrial and aerospace markets, consolidated its workforce to its 1461 Lawrence Drive headquarters in Thousand Oaks. The move made way for Goleta-based Integrated Procurement Read More →