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Snatching a larger slice: Persona pizzeria plots nationwide expansion

By   /  Friday, August 1st, 2014  /  Restaurants, Small Business, South Coast, Top Stories, Tri-County Economy  /  Comments Off on Snatching a larger slice: Persona pizzeria plots nationwide expansion

Santa Barbara-based Persona Neapolitan Pizza is embarking on a nationwide expansion as competition heats up in the fast-casual, wood-fired pizza market.

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Direct Relief seeks to purchase airport land for new campus

By   /  Thursday, July 31st, 2014  /  Real Estate, South Coast, Top Stories, Tri-County Economy  /  Comments Off on Direct Relief seeks to purchase airport land for new campus

The Santa Barbara City Council is slated to hear a proposal from Direct Relief, the largest nonprofit headquartered in the region, to buy a parcel of land near the municipal airport and build a 125,000-square-foot facility there. Goleta-based Direct Relief has outgrown its existing facility and wants to build a 100,000-square-foot warehouse and 25,000 square Read More →

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Caruso pushes forward with scaled-back Miramar plans

By   /  Thursday, July 31st, 2014  /  Real Estate, South Coast, Top Stories, Tourism, Tri-County Economy  /  1 Comment

  Los Angeles real estate magnate Rick Caruso is amending his plans for the multimillion-dollar revival of Miramar Beach Resort & Bungalows in Montecito to include a little more shrinkage. Caruso Affiliated received approval for the hotel in March 2011 after a years-long hearing process in which Seinfeld actress Julia Louis-Dreyfus, a neighbor of the Read More →

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Amgen to slash 2,400 jobs, shrink Thousand Oaks HQ

By   /  Tuesday, July 29th, 2014  /  Earnings, East Ventura County, Latest news, Technology, Top Stories, Tri-County Public Companies  /  3 Comments

Thousand Oaks-based Amgen will cut staff at its Conejo Valley headquarters and consolidate into fewer buildings as part of a company-wide restructuring plan that will eliminate between 2,400 and 2,900 jobs and shutter facilities in Colorado and Washington. Amgen said the moves are designed to reduce operating expenses by $700 million by 2016, money that Read More →

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Heritage Oaks Q2 profits jump 25%

By   /  Tuesday, July 29th, 2014  /  Banking & Finance, Banking Industry, Central Coast, South Coast, Tri-County Economy  /  Comments Off on Heritage Oaks Q2 profits jump 25%

Paso Robles-based Heritage Oaks Bancorp’s second-quarter profits jumped 25.1 percent to $2.9 million. Net income from its acquisition of Mission Community Bancorp in February drove the increase, Heritage Oaks said in a July 28 earnings release. The bank’s loans grew 46.9 percent to $1.1 billion, year-over-year, as it added $280.7 million of Mission’s loans to Read More →

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Ventura County’s ripe farm loan market drives $15.3M bank deal

By   /  Friday, July 25th, 2014  /  Agribusiness, Banking & Finance, Banking Industry, East Ventura County, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Ventura County’s ripe farm loan market drives $15.3M bank deal

Sierra Bancorp is placing a $15.3 million bet on the agricultural bounty of Ventura County. The Porterville-based parent company of Bank of the Sierra said July 17 that it is purchasing Santa Paula-based Santa Clara Valley Bank in an all-cash deal that includes three branches and $105 million in deposits. The deal gives the Central Read More →

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Allergan’s South Coast exit reshapes breast implant industry

By   /  Friday, July 25th, 2014  /  Health Care & Life Science, South Coast, Technology, Top Stories, Tri-County Economy  /  Comments Off on Allergan’s South Coast exit reshapes breast implant industry

The region’s status changed dramatically on July 21 when Irvine-based Allergan announced that it would shutter its Santa Barbara operations and eliminate 300 jobs there.