Mountain Fire losses mount; recovery begins
“In the end, it’s just a house,” Jim Blois, CEO of Blois Construction in Oxnard, said. Blois’s home in Camarillo Heights was one of, at last count, nearly 220 structures destroyed in the Mountain Fire which erupted Nov. 6 in the unincorporated Somis area northeast of Camarillo. Fueled by fierce Santa Ana winds, the fire Read More →
Dubroff: Behind the daunting economics of disaster recovery
The Mountain Fire struck Ventura County just one month shy of seven years after the Thomas Fire devastated a 70-mile front that stretched from Fillmore to Goleta. Five days later as the Business Times went to press, some 300 structures suffered damage, hundreds of people remained inside evacuation areas and the long, slow effort of Read More →
Updated: Oracle sues Procore over payments trade secrets
Software giant Oracle is suing Procore Technologies, alleging that the Carpinteria-based software firm used thousands of stolen trade secrets to enrich its business. Procore, a leading construction industry software company and Oracle rival, denied the allegations in an Oct. 31 statement. “We believe the claims are meritless and we intend to vigorously defend ourselves,” Procore said in its statement. Procore’s shares have largely been unaffected by the filing; Read More →
Street smarts: Chumash Golf Classic raises $135K
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Good works: Central Coast Moving & Storage donates hundreds of turkeys
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CRE: South Coast Santa Barbara sales continue struggling
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Real estate investor set to buy The Oaks for $157M
Stockdale Capital Partners is in contract with Macerich to buy The Oaks shopping mall in Thousand Oaks for $157 million, according to The Real Deal. Macerich CEO Jack Hsieh told shareholders this month that his company is set to sell The Oaks before the end of the year, but declined to identify the buyer. Citing anonymous sources, Read More →
