Salem Media clears debt, adds new strategic investor
Camarillo-based Salem Media Group is looking to strengthen its balance sheet and aim its sights on the future after the company made a series of moves to end 2024. Announced Dec. 30, Salem Media, which specializes in Christian and conservative content, repaid all of its long-term debt which was at $159.4 million. The company accomplished this at Read More →
Street smarts: Santa Barbara’s Unity Shoppe gives back this holiday season
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SB County’s EconAlliance hires first CEO
Former Lompoc Mayor Jenelle Osborne has been hired as the first CEO of the Northern Santa Barbara County EconAlliance. Osborne, who served on the nonprofit’s board from 2016-2018, starts in January. She was selected from numerous applicants. “EconAlliance has set the standard for regional economic development over the past ten years, and I am excited Read More →
CRE: Santa Maria’s La Vista Apartments sell for record $116M
By Staff Report La Vista Apartments, a 460-unit multifamily property in Santa Maria, sold for $116 million, according to Institutional Property Advisors, a division of Marcus & Millichap, who brokered the sale on Dec. 30. The $116 million sales price equates to $252,174 per unit. According to a press release, the sale also became the Read More →
Strong avocado sales drive revenue growth for ag companies
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George Leis, Montecito Bank’s president and COO, retires
George Leis, the president and chief operating officer at Montecito Bank & Trust, announced that he would be retiring effective immediately, according to a Jan. 3 press release from the bank. Leis, who first joined Montecito Bank & Trust in those roles in 2016, said that during his time at the bank, he was able Read More →
Portfolio watch
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