The divestiture of the stores is part of another deal to secure FTC clearance for Albertons to acquire Safeway in a $9.2 billion deal. That transaction, which the companies are calling a merger, was announced in March and is expected to close in January.
According to company filings, LTC will use the proceeds of the sale to pay down outstanding debt on its unsecured credit line, fund acquisitions and current development pipeline and for general corporate purposes.
Ventura County officials have confirmed that oilfield waste management company Anterra Energy Services, which has facilities in Oxnard and Santa Paula, will no longer be trucking additional waste to the Oxnard location.
As drones migrate from the military space into the private sector, their potential uses reach far wider than the home delivery efforts that made headlines a year ago.
Iron & Resin, a lifestyle retailer steeped in the motorcycle and surf culture of Ventura opened its second flagship location in San Francisco on Dec. 1.
When Jamie Slone was looking to establish a tasting room in downtown Santa Barbara for his inaugural line of wines, he liked the cluster of three tasting spots at the city’s historic El Paseo complex and was looking to join them.
On a drive throughout much of the Highway 101 corridor dodging rainstorms on Dec. 15, I learned a lot about how much the psychology of a return to normal weather is having on the region.
