Shares of Westlake Village-based homebuilder Ryland Group soared more than $2.20 or 5 percent to more than $45 per share after the company announced a merger with rival Standard Pacific of Irvine. Though billed as a “merger of equals,” the roughly $5.2 billion deal would give Standard Pacific shareholders the majority of shares in the Read More →
Goleta-based Community West Bancshares, parent company of Community West Bank, today announced that it has reached a settlement with Residential Funding Company. The June 8 settlement resolves the litigation between the two financial firms concerning residential mortgage loans sold to RFC. Under the settlement, Community West Bank has agreed to pay RFC $7.5 million, which Read More →
Ty Warner, the real estate tycoon and creator of Beanie Babies, is donating the Barnsdall-Rio Grande Gas Station to the city of Goleta, a representative announced at a news conference today. Originally part of the Sandpiper Golf Course property, the Spanish colonial-designed station includes a nearly 500-square-foot structure and access to a small parcel of Read More →
MindBody, the San Luis Obispo-based software company poised to go public, told regulators June 8 that it expects to raise as much as $123 million in a 7.15 million share offering that could be priced as high as $15 per share. MindBody said in a revised Securities and Exchange Commission filing that it anticipates a Read More →
A Santa Maria couple has agreed to donate a 450-acre avocado and lemon ranch in southern San Luis Obispo County valued at $11.3 million to Cal Poly San Luis Obispo. Stuart “Stu” and Jan Bartleson and university officials made the announcement at a press conference held at Bartleson Ranch on Los Berros Road, three miles Read More →
As federal, state, and local agencies continue working to minimize and mitigate the effects of the Refugio oil spill, Gov. Jerry Brown on Friday issued an executive order to further expedite recovery efforts and help ensure the natural environment is restored, beaches are reopened and economic impacts are minimized. The governor’s order directs state agencies Read More →
Designer Steve Hermann will write the next chapter for the former Arts & Letters Cafe, turning the quaint eatery and gallery space into a fine dining restaurant. According to Hayes Commercial Group, the property, which sits just off State Street at 7 E. Anapamu St., closed above the $2.1 million asking price and garnered a Read More →