Street Smarts: If you’re looking for a few thousand acres, we’ve got a couple of deals for you
Anyone with a cookie jar big enough to hold $175 million in spare change can own a couple of signature ranch properties in the Ojai-Carpinteria corridor. Black Mountain Ranch, owned by latex and rubber glove magnate Richard Gilleland, is for sale in Upper Ojai, at a price tag of just $100 million. The 3,600-acre spread Read More →
Wine Buzz: Santa Barbara County loses a true pioneer in Jim Clendenen
On May 15, legendary winemaker Jim Clendenen of Au Bon Climat died in his sleep at 68, leaving behind a legacy that will inspire future vintners, chefs, and historians in Santa Barbara, the United States and throughout the world. He was known for his larger-than-life personality, recognized by his flowing head of shoulder-length hair and Read More →
Community foundations helped small businesses survive during pandemic
Small businesses have been struggling to survive for more than a year. Storefronts and hotels across the Tri-Counties were shuttered and vacant with normal operating hours left on windows like a sad joke. On top of managing day-to-day operations and responsibilities, many owners and employees were faced with an unthinkable task: asking for help. For Read More →
Deckers shares rise on news of record sales and earnings
Shares of Deckers Brands, the Goleta-based parent company of Ugg and other footwear brands, jumped 7% on May 20 following the announcement of its fourth quarter and full-year 2020 financial results, which included big jumps in both revenue and net income. Net sales increased 19.4% from 2019 to 2020, to $2.5 billion, the most in Read More →
Procore goes public, stock jumps 34%
Editor’s note: This article was updated after the market closed at 1 p.m. to reflect Procore’s closing price. Carpinteria-based Procore Technologies began trading on the New York Stock Exchange on May 20 and saw its share price shoot up 33.7% on its first day, to close at $89.59. Procore priced shares of its initial public Read More →
Cure reports net loss, rising revenue in Q1
Oxnard-based Cure Pharmaceutical saw another spike in revenue in the first quarter of 2021, but net losses also continued to grow. Cure had $1.5 million in revenue in the quarter ended March 31, up 400% from the first quarter of 2020, according to the company’s earnings report, released May 17. The bulk of that growth Read More →
Procore awaits IPO
Editor’s note: This article was updated May 19 to reflect the fact that Procore did not begin trading that day. The Carpinteria-based software company Procore Technologies expects to raise around $615 million in an IPO scheduled for no later than May 21. The Procore IPO is on the New York Stock Exchange’s calendar for the Read More →
