Santa Maria agents arrested for alleged real estate scheme
Latest news, Law & Goverment, Real EstateA Santa Maria real estate sales associate was arrested on five counts of grand theft for allegedly stealing more than $500,000 from Fannie Mae and Freddie Mac. Santa Barbara County District Attorney Joyce Dudley announced on Dec. 15 that Angelo Naemi allegedly conspired with Steven Gonzales to falsify documents regarding a number of short-sale transactions. Gonzales, owner Read More →
PennyMac changes roles of several executives
Banking Industry, Latest newsPennyMac Mortgage Investment Trust in Westlake Village on Dec. 13 announced changes in the roles of several executive officers in conjunction with organizational changes announced by PennyMac Financial Services. Stanford L. Kurland, currently chairman and CEO, will assume the role of executive chairman. David A. Spector, currently executive managing director, president and chief operating officer, Read More →
Chumash bill to annex land stalls, to be reintroduced
Central Coast, Latest news, Real Estate, Tourism, Tri-County Economy, Wine & ViticultureThe federal legislation that would’ve expanded the Santa Ynez Band of Chumash Indians’ reservation did not move through Congress, but the tribe plans to submit a similar bill in the next session. The tribe aims to build 143 houses for its tribal members on 1,390 acres in Santa Ynez known as Camp 4. Yet, Congress Read More →
QAD software streamlines Yamaha Motor’s data analysis
Latest news, Technology, Tri-County Public CompaniesManufacturing software provider QAD announced Yamaha Motor Manufacturing Corporation USA as a customer Dec. 7, using its Cloud QMS software at its Newnan, Georgia facility. The recreational and all-terrain vehicle manufacturer deployed the software for purchasing and data analysis, reducing time on requests information, Wayne Pierce, senior division manager of purchasing for YMMC, said in Read More →
Inphi completes acquisition of ClariPhy Communications
Latest news, Technology, Tri-County Public CompaniesInphi’s acquisition of ClariPhy Communications, valued at $277 million in addition to the assumption of some liabilities, was completed Dec. 12. The deal, announced Nov. 1, gives the semiconductor producer with operations in Westlake Village access to products that are complimentary to its own, providing high-performance but low-power platforms for its customers, President and CEO Read More →
Teledyne acquires e2v Technologies
Latest news, Technology, Tri-County Public CompaniesThousand Oaks-based Teledyne Technologies acquired the British high performance image sensor manufacturer e2v Technologies in an all-cash deal, the companies announced on Dec. 12. Under the terms of the deal, e2v’s ordinary shareholders will receive 275 pence in cash for each e2v share valuing the ordinary share capital of e2v at approximately 620 million British Read More →
Santa Barbara inspectors find violations in landlord Pini’s housing units
Latest news, Real EstateThe city of Santa Barbara found that many of the 164 housing units owned by infamous landlord Dario Pini are severely substandard, unsanitary and overcrowded. The city completed its initial inspection of the units on Dec. 8 after it obtained a warrant to identify hazardous living conditions. City inspectors found more than half of Pini’s Read More →
