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Shopatron closes $4M financing

By   /  Tuesday, December 4th, 2012  /  Latest news, Technology  /  Comments Off on Shopatron closes $4M financing

San Luis Obispo-based e-commerce firm Shopatron has closed a $4 million credit facility with Multiplier Capital, a venture debt fund. Founded in 2001, Shopatron makes an e-commerce system that lets branded manufacturers sell products directly from their websites and fulfill the order through a dealer near the customer via delivery or in-store pickup. While large Read More →

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Savor nears break-even with record ticket sales

By   /  Tuesday, December 4th, 2012  /  Latest news  /  Comments Off on Savor nears break-even with record ticket sales

The third annual Savor the Central Coast posted record numbers for attendance and revenue. The food and wine event is presented by the San Luis Obispo County Visitors and Conference Bureau and Sunset magazine. It hosted nearly 10,000 guests at the Santa Margarita Ranch over the four days between Sept. 27 and Sept. 30, reflecting Read More →

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RiverPark theaters spark $8M dispute

By   /  Monday, December 3rd, 2012  /  Latest news  /  Comments Off on RiverPark theaters spark $8M dispute

The dissolution of California’s redevelopment agencies has left the developers of RiverPark in Oxnard wondering where to send an $8 million check. In a lawsuit filed Nov. 26, Ventura County Superior Court, the project’s developer, Shea Properties, allege that a dispute has broken out over $8 million they promised to pay in a deal to Read More →

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Union Bank to slash almost half of SBB&T work force

By   /  Friday, November 30th, 2012  /  Banking & Finance, Banking Industry, Latest news, Tri-County Economy  /  Comments Off on Union Bank to slash almost half of SBB&T work force

Union Bank will lay off almost 500 Santa Barbara Bank & Trust employees, or nearly half the bank’s work force, the San Francisco-based lender announced on the eve of its acquisition of Pacific Capital Bancorp. A spokesperson for Union Bank told the Business Times that 468 SBB&T positions will be eliminated over the next year. Read More →

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Simi Valley mall could be overhauled in 2014

By   /  Friday, November 30th, 2012  /  Latest news, Real Estate  /  1 Comment

The new owners of the financially troubled Simi Valley Town Center shopping mall have gone through more than 50 drafts of plans to revitalize the property and are moving close to announcing their strategy. That was the word from Brian Gabler, Simi Valley’s director of economic development, who spoke at a Chamber of Commerce breakfast Read More →

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New CEO as Natural History museum turns 100

By   /  Friday, November 30th, 2012  /  Latest news, Nonprofits  /  Comments Off on New CEO as Natural History museum turns 100

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Amgen Tour to hit Santa Barbara, Avila Beach

By   /  Tuesday, November 27th, 2012  /  Latest news, Tourism  /  Comments Off on Amgen Tour to hit Santa Barbara, Avila Beach

[Editor’s note: This story has been updated with additional information.] The Amgen Tour of California will return to Santa Barbara and visit Avila Beach for the first time ever when the Tri-Counties hosts the end of Stage 4 and all of Stage 5 for the eight-year-old road cycle racing event next year. AEG, presenter of Read More →