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Westlake Village’s Cynvenio Biosystems raises $25.5 million in equity financing

By   /  Friday, June 19th, 2015  /  Banking & Finance, Latest news, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Westlake Village’s Cynvenio Biosystems raises $25.5 million in equity financing

Westlake Village-based Cynvenio Biosystems raised $25.5 million in Series B equity financing Wednesday. Cynvenio’s LiquidBiopsy technology allows doctors to access populations of rare cancer cells in whole blood. At the same time, it allows doctors to analyze complex characteristics of cancers in a single blood sample. The investment was led by Livzon Pharmaceutical Group, which Read More →

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San Luis Obispo’s REC Solar acquires Stellar Energy

By   /  Friday, June 19th, 2015  /  Central Coast, Latest news, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on San Luis Obispo’s REC Solar acquires Stellar Energy

REC Solar acquired Stellar Energy from Stellar’s parent company Soligent Holdings on Wednesday in an asset purchase agreement. San Luis Obispo-based REC Solar will add 62 current solar projects and 60 megawatts to its portfolio with the acquisition of Stellar Energy, the leading solar provider in the West. “We are excited about the breadth of Read More →

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MindBody IPO raises $101 million

By   /  Friday, June 19th, 2015  /  Banking & Finance, Central Coast, Latest news, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on MindBody IPO raises $101 million

    San Luis Obispo’s first initial public offering in years for a non-bank company went off without a hitch on June 19 when MindBody raised slightly more than $101 million. MindBody, which develops software and provides merchant processing for yoga studios and fitness clubs, sold 7.2 million shares of stock at $14 per share Read More →

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State Street becoming factory outlet center

By   /  Friday, June 19th, 2015  /  Latest news, Opinion, Real Estate, Small Business, South Coast, Top Stories, Tourism, Tri-County Economy  /  Comments Off on State Street becoming factory outlet center

It was a retail icon, a testament to the 1990s rise of State Street in Santa Barbara as a shopping mecca. The very name oozed luxury and aspiration. Saks Fifth Avenue. And soon it will be gone. The property at the corner of State and Carrillo streets in the 1000 block of the center of Read More →

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Cal Poly San Luis Obispo’s HotHouse gets $200K

By   /  Friday, June 19th, 2015  /  Central Coast, Latest news, Technology, Top Stories, Tri-County Economy  /  Comments Off on Cal Poly San Luis Obispo’s HotHouse gets $200K

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Former SLO, Santa Maria city managers discuss development challenges

By   /  Friday, June 19th, 2015  /  Central Coast, Latest news, Top Stories, Tri-County Economy  /  Comments Off on Former SLO, Santa Maria city managers discuss development challenges

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Paso Robles wine castle’s woes fade into medieval history

By   /  Friday, June 19th, 2015  /  Central Coast, Columns, Latest news, Small Business, Tourism, Tri-County Economy, Wine & Viticulture  /  Comments Off on Paso Robles wine castle’s woes fade into medieval history

The former Eagle Castle Winery, a Paso Robles wine country landmark overlooking Highway 46 West, has emerged from its version of the Dark Ages with a more modern look and visitor-friendly improvements after sitting vacant for 18 months and being sold while under Chapter 11 bankruptcy protection. Now the home of Tooth & Nail Winery, Read More →