Clipper sued for $60M amid layoffs
Carpinteria-based Clipper Windpower faces a $60 million lawsuit from a wind farm developer shortly after it laid off 174 people. First Wind Energy, a Boston-based wind farm developer with projects in New York, Hawaii and several other states, filed suit on Sept. 4 in Santa Barbara County Superior Court. Most of the complaint is sealed. Read More →
KEYT sold to Missouri media firm
KEYT-TV, the ABC-affiliated television station serving Santa Barbara and San Luis Obispo counties, has been sold to Missouri-based News-Press & Gazette Co., or NPG. Terms of the deal were not disclosed. “We have greatly valued the opportunity to serve the communities of California’s Central Coast,” KEYT’s general manager, Michael Granados, said in a statement. “Fortunately, Read More →
Calavo Q3 profits up 109%
[wikichart align=”right” ticker=”NASDAQ:CVGW” showannotations=”true” livequote=”true” startdate=”05-03-2012″ enddate=”05-09-2012″ width=”300″ height=”245″] Santa Paula-based Calavo Growers reported Sept. 5 that its third-quarter profits have more than doubled since the same period last year, largely thanks to high avocado volume and good results from its packaged food segment. The avocado marketer and distributor said its earnings for the third Read More →
Thousand Oaks apartments sell for $51.4M
A 191-unit apartment complex in Thousand Oaks has been sold to a Los Angeles investment firm for $51.4 million, an almost 20 percent premium over the property’s last sale price in 2007. IMT Capital purchased the Archstone Thousand Oaks Crest complex at 491 W. Gainsborough Road. The property drew more than 90 interested buyers and Read More →
Ventura city manager to step down
Longtime Ventura City Manager Rick Cole is stepping down, effective Sept. 15. The news came Aug. 29 in separate statements from the City Council and Cole. “During City Manager Rick Cole’s annual evaluation, it became clear that a majority of the City Council believes that it is time for a change in leadership,” the council Read More →
