Pacifica Hotels buys Milner Hotel in Los Angeles
Latest news, Real Estate, TourismPacifica Hotels purchased The Milner Hotel in downtown Los Angeles, the company announced on Jan. 25. Pacifica is one of the largest independent hotel owners and operators along the Pacific Coast with an office on Cliff Drive in Santa Barbara. The company said it is evaluating its long-term strategy for the property at 813 S. Read More →
Cal Poly and UCSB set application record
Higher Education, Latest newsCal Poly San Luis Obispo and UC Santa Barbara received a record number of applications from prospective freshmen and transfer students. Nearly 57,000 Cal Poly hopefuls applied for the upcoming 2016-17 school year, the college said Jan. 15 in a news release. That was a 2.8 percent increase from the incoming freshmen who applied last year and Read More →
Amgen suffers setback as patent office refuses to review competitor’s drug
East Ventura County, Health Care & Life Science, Latest newsThe U.S. Patent and Trademark Office handed Amgen a potential setback Jan. 14 when it declined to review two patent expiration dates on a competitor’s drug. In June, Thousand Oaks-based biotech giant Amgen asked the agency to review two formulation patents for Humira, made by Chicago-based competitor AbbVie, arguing that the patents should not have Read More →
Limoneira misses Wall Street expectations for fourth quarter
Agribusiness, Earnings, Latest news, Tri-County Public CompaniesSanta Paula-based Limoneira Co. reported fiscal fourth-quarter net income of $654,000 on Jan. 11 after reporting a loss in the same period a year earlier. The company said it had profit of 4 cents per share. Losses, adjusted for non-recurring gains, came to 23 cents per share. The results did not meet Wall Street expectations. Read More →
Shire acquiring Baxalta for $32 billion
Health Care & Life Science, Latest news, TechnologyShire PLC sweetened the pot and Baxalta Inc. investors took the bait in a deal announced early Jan. 11. Dublin-based Shire announced a $30 billion bid for Deefield, Ill.-based Baxalta on Aug. 4. On Jan. 11, the companies announced Shire will acquire Baxalta for $32 billion. Baxalta employs about 2,000 people in Thousand Oaks and Read More →
Compass real estate platform expands into Santa Barbara, Montecito
Latest news, Real Estate, South CoastAn online real estate platform called Compass is expanding into the region with offices in Santa Barbara and Montecito. New York-based Compass connects luxury real estate renters, buyers and sellers with agents, offers market insight and features online listings. Since the company entered the California market about two months ago, it has hired more than Read More →
Santa Barbara County wine industry worth $1.7 billion in 2013
Agribusiness, Central Coast, Latest news, South Coast, Tourism, Wine & ViticultureThe Santa Barbara County wine industry had around a $1.7 billion economic impact in 2013, according to a recent study commissioned by the Santa Barbara Vintners Association. Spending a weekend afternoon in downtown Santa Barbara’s Funk Zone or driving through the Santa Ynez foothills demonstrate the industry’s growth and wine’s popularity. Yet, St. Helena-based Stonehenge Read More →
