It’s a buyers market for hotel investors in the Tri-Counties
For hotel investors looking to break into the market, the Tri-Counties — particularly the southern end of the region — may be the place to turn. The area has seen a boom in hospitality listings over the past year, and it extends beyond high-end, high-profile properties. Ventura’s Clocktower Inn was listed in February for $5 Read More →
Dole earnings beat outlook
Fruit producer Dole Food Co. reported an adjusted loss of $2 million, or 2 cents per share, from continuing operations, beating the 12-cent loss predicted by analysts on average. The recent loss compares to a $31 million, or 35 cent per-share, loss a year earlier. CEO David DeLorenzo said strong sales and a cost-reduction program Read More →
Powers: Ventura County keeping close watch on portfolio
Ventura County will closely monitor returns on its investment portfolio to make sure an 8 percent gain is reasonable, county CEO Mike Powers said in a March 15 talk. Speaking in Ventura at the quarterly California Lutheran University Corporate Leaders Breakfast, Powers said that while 8 percent has been a historically accurate return, constant monitoring Read More →
MB&T starts 37th year on high note
Ten nonprofits from across th region received grants on March 14 as Montecito Bank & Trust prepared to celebrate its 37th anniversary and it 20th year of adding a philanthropic twist to the festivities. The bank’s employees selected the 10 organizations, which included All for Animals, Alzheimer’s Association, American Heart Association, Council on Alcoholism and Read More →
Goleta Valley Cottage Hospital kicks off fundraiser
The Board of Trustees for the Goleta Valley Cottage Hospital Foundation kicked off a community fundraising campaign on March 12 with the announcement of a gift from the Wood-Claeyssens Foundation. The goal of the campaign, which kicked off with a reception for more than 200 community members at Bacara Resort & Spa, is to raise Read More →
Limoneira Q1 revenue up 73 percent
Despite a 73 percent jump in revenue, Santa Paula-based agribusiness Limoneira Company posted a $2.9 million loss during the first quarter of the year, it said March 12. For the quarter ended Jan. 31, revenue was $10.2 million, up from $5.9 million during the same period of the previous year, according to a news release. Read More →
