Philanthropist Fred Kavli dies at 86
Nonprofits, Real Estate, Technology, Top StoriesFred Kavli, a Norwegian-born entrepreneur, scientist and philanthropist who created thousands of jobs and gave millions for the study of theoretical physics, died at his home in Santa Barbara on Nov. 21. He founded KavliCo Corp., a Moorpark-based maker of advanced sensors for cars and aircraft. He also invested in real estate for more than 50 years.
Central Coast leads the way as solar, tourism boost SLO County recovery
Central Coast, Real Estate, Top Stories, Tourism, Tri-County EconomyIn remarks prepared for the 2014 SLO County Economic Forecast Breakfast on Nov. 22, Jordan Levine of Beacon Economics said only San Luis Obispo, San Jose, San Francisco and Bakersfield have gone positive when it comes to the pre-recession jobs peak.
CKE Restaurants sold to Atlanta private equity firm
Banking & Finance, Restaurants, Tri-County Public CompaniesCKE Restaurants, the Carpinteria-based parent of Carls Jr. and Hardees, has been sold to an Atlanta private equity firm specializing in restaurant chains.
The price was not disclosed and the sale to an affiliate of Roark Capital Group comes five months after Apollo Global Management hired Goldman Sachs to explore a sale or spinoff of the company it purchased in 2010.
Clean Diesel’s Pirelli deal scuttled
Banking & Finance, Latest news, Technology, Tri-County Public CompaniesClean Diesel said Nov. 12 that it and the Italian auto parts firm had decided to cancel a project launched earlier this year that brought Clean Diesel’s catalytic converter coatings to Europe.
McGraths honored at conservation awards
Agribusiness, Latest newsVentura County’s McGrath family took home top honors at the fourth annual Resource Conservation District awards, in a program that was bittersweet for one of the region’s top farming families. Phil McGrath, a farmer who embraced organics and the farm-to-table movement when others still focused on conventionally-grown crops and global markets, was the winner of Read More →
Camarillo Plaza sells for $17.8M out of bankruptcy
Real EstateThe bankrupt Camarillo Plaza community shopping center has been sold to an undisclosed Beverly Hills buyer for $17.8 million after receiving 20 separate offers.
Paso Robles named Wine Region of the Year
Central Coast, Latest news, Tourism, Wine & ViticulturePaso Robles wine country has been named Wine Region of the Year by Wine Enthusiast magazine, beating out long-established players.
