Cattle ranchers all over the Tri-Counties are reeling from the effects of the drought, with the last decade of unusually warm, dry conditions making the industry especially difficult to continue in the county where it has previously prospered most — San Luis Obispo.
Santa Barbara-based military contractor Channel Technologies Group announced today that it has acquired Materials Systems Inc., a producer of sonar technology. The value of the deal was not disclosed. The Massachusetts-based firm will become a wholly owned subsidiary of Channel Technologies, which is owned by private equity group Blue Wolf Capital Partners. Both companies use Read More →
Sizable retail-based transactions keep popping up along the Highway 101 corridor. The latest of these is the Ventura Village Shopping Center in Ventura, which was recently sold to an undisclosed private company for $23.3 million. The seller was Regency Centers, a publicly-traded real estate investment trust headquartered in Jacksonville, Florida. Ventura Village is an approximate Read More →
Click here for the Business Times’ updated coverage. UC Santa Barbara professor Shuji Nakamura and two scientists based in Japan, Hiroshi Amano and Isamu Akasaki, were chosen as recipients of the 2014 Nobel Prize in Physics. The committee selected the team for its invention of the blue light-emitting diode, or LED, which allows white light to Read More →
The future of the J.D. Power and Associates headquarters in Westlake Village is up in the air and a move to consolidate two Southern California offices could be on the horizon. The big question is where the global marketing services firm and its approximately 250 Ventura County employees will land. The company’s lease at its Read More →
The Santa Ynez Band of Chumash Indians intends to break ground on its proposed $112 million hotel and casino expansion in October, just six months after the massive project was first announced.