The city of Santa Barbara is looking to add some legal muscle as battle lines are drawn against its behemoth foe, Plains All American Pipeline. City Attorney Ariel Calonne, in a statement released July 16, is recommending that the Santa Barbara City Council retain special legal counsel to assist as co-counsel in preparing and pursuing Read More →
Camarillo-based Semtech Corp. announced plans to lay off about 8 percent of its workforce. Semtech, which makes analog and mixed signal semiconductors and announced the cuts July 15, didn’t provide details about the total number of employees that will be laid off, or where the cuts will happen. The company said in a news release Read More →
Montecito Bank & Trust said July 15 that net income jumped 44 percent from a year earlier as total assets reached $1.2 billion. The privately-held bank is the largest financial institution headquartered in Santa Barbara County and it said loans grew 23 percent to $662 million. “We continue to see an increased demand for financing Read More →
The banking picture on the South Coast got a bit clearer on July 15 when American Riviera Bank and The Bank of Santa Barbara announced an all-stock transaction that will combine the two lending institutions. The proposed merger, which still needs shareholder and regulatory approval, will combine two smaller companies into a three-branch community bank Read More →
The University of California just dropped a huge chunk of change on a portfolio of student housing properties in Isla Vista. UC Santa Barbara today announced the acquisition of Tropicana Gardens, Tropicana Del Norte and the Tropicana Villas. Terms of the deals weren’t disclosed, but according to Business Times research all three properties were purchased Read More →
Limoneira Co., the 120-year-old global agribusiness, announced today that it has entered into a purchase agreement to acquire 157 acres of lemon, orange and specialty citrus orchards in the San Joaquin Valley for approximately $3.3 million. The transaction is expected to close in 60 days. The orchards are being acquired thanks to purchase options within Read More →
By Philip Joens / Friday, July 10th, 2015 / Latest news, Top Stories / Comments Off on Big Idaho Potato Truck makes stop in Santa Barbara
The Big Idaho Potato Truck came home in a way to Santa Barbara on July 10. Santa Barbara-based marketing agency Evans, Hardy and Young represents the Idaho Potato Commission. As the truck stopped in Santa Barbara, gawkers in the crowd snapped photos and took selfies at the sight of the 22-ton behemoth. Attendees at the Read More →
