Montecito buildings sell for $10.2M
Latest news, Real Estate, Small BusinessA prominent Montecito retail building has been sold to an unnamed local investor for $10.2 million. The 13,778-square-foot retail property building at 1046 to 1054 Coast Village Road houses tenants such as Starbucks, Von’s Pharmacy, Blenders in the Grass, Boutique Antoinette and Occhiali Fine Eyewear. Clarice Clark, president of Lee & Associates, handled the transaction Read More →
NASA awards $120M to subsidiary of Thousand Oaks defense firm
Latest news, TechnologyThousand Oaks-based Teledyne Technologies announced today that its subsidiary, Teledyne Brown Engineering in Huntsville, Ala., has been awarded a $120.1 million contract for work with the International Space Station, or ISS. Teledyne designs and manufactures aerospace and engineered systems, electronic testing equipment and imaging systems. Teledyne Brown has provided more than 100,000 hours providing dedicated Read More →
Limoneira to raise $40M in common stock offering
Banking & Finance, Latest news, Real Estate, Tri-County Public CompaniesLimoneira Co., the Santa Paula-based agribusiness company with 8,200 acres of real estate and farm land, has announced plans to offer an additional 1.8 million shares of common stock. If successful, the sale would raise about $40 million for Limoneira and increase its total shares outstanding to about 13.25 million. Limoneira’s traded shares, or “float,” Read More →
Former Affinity Group HQ in Ventura sold
Latest news, Real EstateThe former headquarters of Affinity Group, once one of the largest private companies in the region, has been sold. Camarillo-based Somis Investments purchased the 73,000-square-foot office campus in Ventura in an all-cash deal for an undisclosed amount, according to commercial real estate brokers who negotiated the transaction. Affinity listed the 9.3-acre property on Vista Del Read More →
Cuesta president says college is moving past accreditation worries
Latest newsAfter a hearing earlier this month, Cuesta College appears to be on track to putting its accreditation woes behind it. College officials said that a team put together by President Gil Stork made an appearance before a review panel to answer questions about progress made in addressing issues that threatened the future existence of the Read More →
K-Swiss agrees to $170M buyout by Korean firm
Banking & Finance, Latest news, Tri-County Public CompaniesShares of Westlake Village-based footwear firm K-Swiss soared 48 percent on the morning of Jan. 17 after the company agreed to a $170 million buyout. E.Land World Ltd. of South Korea offered to pay $4.75 per share for K-Swiss, which has struggled with huge losses in recent years as sales of its iconic white tennis Read More →
