Governor pays tribute to Towbes at memorial service
Gov. Jerry Brown made a rare appearance in Santa Barbara on May 23, paying a brief but personal tribute to tri-county businessman Michael Towbes. Towbes died April 11 after a battle with pancreatic cancer. He was 87. Speaking at a memorial service that filled the Granada Theatre, Brown described Towbes as “a helluva guy.” Towbes, Read More →
PennyMac declares dividend of 54 cents
The board of trustees for PennyMac Mortgage Investment Trust declared a dividend of 54 cents for the Westlake Village company’s stockholders May 23. The dividend will be paid on June 15 to stockholders of record June 1. • Contact Marissa Nall at mnall@pacbiztimes.com.
MindBody expects to raise $120 million with stock offering
San Luis Obispo-based MindBody announced a follow-on stock offering May 22 that would raise around $120 million for the company. The wellness-oriented software company plans to offer 4.4 million shares of Class A common stock, with options for underwriters to purchase an additional 660,000 shares. MindBody’s share price fell 5 cents following the announcement, ending Read More →
Westlake Village-based PizzaRev acquired
Chicago accelerator firm Cleveland Avenue acquired a majority stake in Westlake Village-based pizza chain PizzaRev. Cleveland Avenue, founded by retired McDonald’s CEO Don Thompson, invests in food and beverage businesses, including providing research and development resources. PizzaRev represented an opportunity for scale and growth, Thompson said in a news release May 22. “This is more Read More →
Stock soars at The Trade Desk over news of $200 million offering
The Trade Desk stock gained 3.5 percent on the news that it had filed a registration statement with the Securities and Exchange Commission for a follow-on offering of up to $200 million of existing stock. The digital advertising platform company, headquartered in Ventura, will not receive any proceeds from the offering, filed May 19. The Read More →
Housing conference calls for new supply, development
Some of the region’s most prominent housing experts converged in downtown Santa Barbara on May 19 for an all-day conference hosted by the Coastal Housing Coalition. In the morning’s keynote speech, Matthew Fienup, executive director of the Center for Economic Research and Forecasting at California Lutheran University in Thousand Oaks, said the high cost of housing Read More →
Westlake Village drone business taking off
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