HomeGoods signs $3.4M lease in SLO
Central Coast, Real Estate, Tri-County EconomyRetail chain HomeGoods has signed a 10-year lease valued at $3.4 million at the Irish Hills Plaza in San Luis Obispo. It will replace OfficeMax in the 20,059-square-foot space.
Marshalls building on State Street sells for $14.3M
Real Estate, South Coast, Top StoriesThe Marshalls-occupied building at 900 State St. in downtown Santa Barbara has been sold for $14.3 million in an all-cash off-market deal, marking a 43 percent premium over the last time the property changed hands.
Inogen files IPO to raise up to $86.2M
Latest news, TechnologyInogen was founded in 2001 by three UCSB students, one of whom had a grandmother who had recently been placed on oxygen therapy. The therapy required heavy, bulky oxygen tanks that could not be taken on airplanes and other places.
After winning the New Venture Competition business plan contest at UCSB, the team went on to develop a device that used electricity to concentrate oxygen from the air. The concentrators were lighter and less bulky, weighting between 4.8 and 7 pounds.
Transphorm, Fujitsu join forces on GaN
Latest news, TechnologyTransphorm, Fujitsu and Fujitsu Semiconductor said they had reached an agreement to merge their gallium-nitride, or GaN, power supply lines of business. The deal is expected to result in Fujitsu and its semiconductor subsidiary both taking minority stakes in Transphorm in exchange for creating a new entity in Japan that will be capable of high-volume production. The companies said the move will “dramatically improve the market competitiveness of Transphorm’s GaN power device business.”
