Move buys real estate listing company
Online real estate company Move announced Sept. 21 that it has purchased Threewide Corp., operator of online real estate syndicator ListHub, for $13 million in cash. Move, officially based in Campbell but with major operations in Westlake Village, operates Move.com and Realtor.com. West Virgina-based Threewide will become a Move subsidiary but will maintain the ListHub Read More →
Ecomerit gets $2.4M federal grant
Carpinteria-based Ecomerit Technologies, the latest company from the founders of Clipper Windpower, will get a $2.4 million federal grant to pursue its technology for generating renewable energy from ocean currents. U.S. Rep. Lois Capps, D-Santa Barbara, announced the grant Sept. 20. It will come from the U.S. Department of Energy, as part of $37 million Read More →
L.A. developer buys rare unimproved lot in downtown SB
A Los Angeles-based developer purchased the 1.8-acre parcel of land at 535 E. Montecito St. — the largest unimproved site in downtown Santa Barbara — on Sept. 19. The property, listed for sale at $5.5 million, was purchased by Los Portales 48 Lots LLC from the Housing Authority of the City of Santa Barbara. The Read More →
Goleta hospital gets $5M
Philanthropist Leslie Ridley-Tree has pledged $5 million to support the Center for Wound Management at Goleta Valley Cottage Hospital, the hospital announced Sept. 8. In acknowledgement of the gift, the center will be named in Ridley-Tree’s honor. The new Ridley-Tree Center for Wound Management will be significantly larger than the current space, and it will Read More →
Economist predicts sustained recovery
The U.S. may have entered a new age of austerity, but fears of a double-dip recession are unwarranted, according to a Sept. 16 presentation by Mark Schniepp, director of the Goleta-based California Economic Forecast. “It’s not unusual for the economy to pause at this point,” Schniepp said, adding that the U.S. has been in recovery Read More →
Occam agrees to $171M acquisition
Goleta-based Occam Networks, a supplier of broadband backbone equipment to rural telecommunications companies, has agreed to be bought by a Northern California company in a $171 million cash and stock deal. The acquisition by Petaluma-based Calix values Occam’s stock at about $7.75 a share, according to an announcement issued by Occam on Sept. 16. Shares Read More →
Limoneira quadruples last year's Q3 earnings
Limoneira Co.’s third-quarter earnings soared on higher sales of its agricultural products, including a 208 percent jump in its avocado revenues. The Santa Paula-based lemon and avocado grower saw its third-quarter earnings grow by 300 percent over the same quarter last year, to $4.8 million or 43 cents per share, the firm reported Sept. 13. Read More →
