Make It Work’s signature red Mini Coopers may have been the key to the company’s undoing when the vehicle’s owners sued for $26,546 in back lease payments on them. The Santa Barbara-based tech support firm closed its doors on June 25, putting two dozen technicians out of work and leaving behind a trail of angry Read More →
Santa Barbara Bank & Trust parent Pacific Capital Bancorp earned $24.1 million, or 73 cents per diluted share, in the second quarter of 2012 compared with $21 million the year before. The company, which is in the process of being bought by Union Bank, said the profits were its highest since Texas-based Ford Financial Group Read More →
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A 1.2 million-square-foot office park in Camarillo has changed hands, marking the largest industrial property deal in the region’s history. The $59.1 million sale of the Mission Oaks Corporate Center to Los Angeles-based Rexford Industrial also edges out the 2002 sale of Oxnard’s 13-building Topa Tower financial plaza, which was purchased by the late Los Read More →
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Goleta-based Yardi Systems appears to have scored a victory in the settlement of a corporate espionage lawsuit filed against its largest competitor. Yardi makes software used by property owners and managers to run apartment complexes and corporate office buildings. It is likely the largest player in its industry, with 7 million residential units and 7 Read More →
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