Moorpark mortgage firm files for $287.5M IPO
Moorpark-based financial services company PennyMac has filed papers for a $287.5 million initial public offering of its stock on the New York Stock Exchange. The venture was founded in 2008 by a former top executive at Countrywide Financial Corp., the defunct subprime mortgage lender at the heart of the financial crisis. In July 2011, PennyMac Read More →
Montecito buildings sell for $10.2M
A 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
Thousand 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 →
Ventura County’s $305M bond issue recieves AA rating
On the eve of a Board of Supervisors vote on the largest bond issue for a capital project in Ventura County history, the county’s financing authority received a AA rating from Fitch Ratings on Feb. 4 for $305 million in bonds that will fund a significant rebuilding of the Ventura County Medical Center. Proceeds will Read More →
Limoneira to raise $40M in common stock offering
Limoneira 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
The 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 →
