Ventura County Credit Union purchases former Affinity Group HQ
Banking & Finance, Banking Industry, East Ventura County, Real Estate, Top Stories, Tri-County Economy, West Ventura CountyVentura County Credit Union has purchased the 73,000-square-foot office building at 2575 Vista Del Mar Drive in Ventura for its new headquarters. The property was previously the corporate home of Affinity Group. The purchase price was not disclosed. The property previously changed hands for $4.4 million in late 2012, property records show. The credit union Read More →
Santa Maria chamber names Citizen of the Year award for Bob Hatch
Central Coast, Tri-County EconomyThe Santa Maria Valley Chamber of Commerce has renamed its Citizen of the Year Award for outgoing President Bob Hatch and given him the inaugural honor. The change was announced at the chamber’s annual dinner on Aug. 13. The award is now called the Robert P. Hatch Citizen of the Year award. In accepting the Read More →
Inogen raises 2014 guidance after beating on Q2 profits
Banking & Finance, South Coast, Technology, Tri-County Economy, Tri-County Public CompaniesShares of Goleta-based Inogen climbed 4.3 percent in after-hours trading on Tuesday as the medical-device maker reported better-than-expected second-quarter revenue and profit. The company, which went public earlier this year, makes portable at-home oxygen concentrators. Its second-quarter revenue soared 50.8 percent to $30.4 million, beating the Capital IQ Consensus Estimate by $6.5 million. Product sales Read More →
80-acre home development in Orcutt sells
Central Coast, Real Estate, Tri-County EconomyAn 80-acre residential development in Orcutt has been sold for an undisclosed amount. The project, called Bradley Village, was purchased by an area investment group called Bradley Ventures after listing for $8 million, according to Hayes Commercial Group, which represented the buyer in the deal negotiations. Also known as Key Site 30, the project is Read More →
Vitesse loss narrows as new product sales overtake legacy offerings
Banking & Finance, Technology, Tri-County Economy, Tri-County Public Companies, West Ventura CountyVitesse Semiconductor Corp. continued its fight back to profitability in the third quarter, with new product revenues driving higher sales and its net loss narrowing to 7 cents per share. In the same quarter a year earlier, the Camarillo-based firm had recorded a net loss of 17 cents per share. Third-quarter revenue increased 3 percent Read More →
