Port of Hueneme needs deeper channel to grow
By Tony Biasotti / Friday, July 17th, 2015 / Latest news, Top Stories, Tri-County Economy, West Ventura County / Comments Off on Port of Hueneme needs deeper channel to grow
The Port of Hueneme’s new long-term strategic plan calls for dredging a deeper channel so the port can handle more container ships. The port also plans to increase its use of rail shipping and make other improvements to stay on the cutting edge of global trade. The Oxnard Harbor District, which owns and operates Read More →
Ventura demonstrates water treatment facility
By Philip Joens / Thursday, July 16th, 2015 / Latest news, Technology, Top Stories, West Ventura County / Comments Off on Ventura demonstrates water treatment facility
The water was clear on July 16 at the Ventura Potable Water Reuse Demonstration Facility, though it wasn’t always clear. The city of Ventura officially opened the demonstration facility Thursday morning on a tour for media and other selected guests. The facility takes treated waste water and treats it even more, which turns it into Read More →
Santa Barbara may add legal muscle for claims against oil spill pipeline operator
By Staff Report / Thursday, July 16th, 2015 / Energy, Latest news, Top Stories, Tourism / Comments Off on Santa Barbara may add legal muscle for claims against oil spill pipeline operator
The city of Santa Barbara is looking to add some legal muscle as battle lines are drawn against its behemoth foe, Plains All American Pipeline. City Attorney Ariel Calonne, in a statement released July 16, is recommending that the Santa Barbara City Council retain special legal counsel to assist as co-counsel in preparing and pursuing Read More →
Camarillo-based Semtech to lay off 8 percent of workforce
By Staff Report / Wednesday, July 15th, 2015 / Latest news, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County / Comments Off on Camarillo-based Semtech to lay off 8 percent of workforce
Camarillo-based Semtech Corp. announced plans to lay off about 8 percent of its workforce. Semtech, which makes analog and mixed signal semiconductors and announced the cuts July 15, didn’t provide details about the total number of employees that will be laid off, or where the cuts will happen. The company said in a news release Read More →
Montecito Bank & Trust net income jumped 44 percent over prior year
By Staff Report / Wednesday, July 15th, 2015 / Banking & Finance, Banking Industry, Earnings, Latest news, Top Stories, Tri-County Public Companies / Comments Off on Montecito Bank & Trust net income jumped 44 percent over prior year
Montecito Bank & Trust said July 15 that net income jumped 44 percent from a year earlier as total assets reached $1.2 billion. The privately-held bank is the largest financial institution headquartered in Santa Barbara County and it said loans grew 23 percent to $662 million. “We continue to see an increased demand for financing Read More →
American Riviera Bank, The Bank of Santa Barbara plan to merge
By Henry Dubroff / Wednesday, July 15th, 2015 / Banking & Finance, Banking Industry, Latest news, Top Stories, Tri-County Public Companies / Comments Off on American Riviera Bank, The Bank of Santa Barbara plan to merge
The banking picture on the South Coast got a bit clearer on July 15 when American Riviera Bank and The Bank of Santa Barbara announced an all-stock transaction that will combine the two lending institutions. The proposed merger, which still needs shareholder and regulatory approval, will combine two smaller companies into a three-branch community bank Read More →
UCSB buys up apartment complexes for student housing
By Elijah Brumback / Tuesday, July 14th, 2015 / Latest news, Real Estate, Top Stories / Comments Off on UCSB buys up apartment complexes for student housing
The University of California just dropped a huge chunk of change on a portfolio of student housing properties in Isla Vista. UC Santa Barbara today announced the acquisition of Tropicana Gardens, Tropicana Del Norte and the Tropicana Villas. Terms of the deals weren’t disclosed, but according to Business Times research all three properties were purchased Read More →
