The audit firm that signed off on Oxnard’s financial recordkeeping is the same firm that audited the city of Bell and drew a scathing report from the State Controller’s office for malfeasance that auditors should have caught. Mayer Hoffman McCann, the auditing arm of CBIZ, has acted as Oxnard’s auditor since at least 2005. The Read More →
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By Staff Report / Thursday, April 26th, 2012 / Real Estate, Top Stories / Comments Off on Developers sell RiverPark apartment project for $10M
The 224-unit Mosaic Apartments project in Oxnard’s RiverPark development has changed hands for $10 million. Real estate investment and development firms Urban Partners, LLC and Plaza Development Partners said the two fully-entitled lots were sold in an all-cash deal to Arizona-based The Wolff Co. “The property sale represents an exponential return on invested capital,” the Read More →
Eucalyptus Systems has raised $30 million in fresh venture capital from the same firm that funded Netflix and Twitter, bringing the Goleta-based cloud computing software company’s total capital raised to date to $55.5 million. Eucalyptus was founded in 2009 by a team of computer scientists led by UC Santa Barbara professor Rich Wolski. It makes Read More →
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By Dana Olsen / Friday, April 20th, 2012 / Top Stories / Comments Off on Area’s airports debut new routes, airlines and runways
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American Perspective Bank, a San Luis Obispo County lender founded five years ago, is being purchased by Portland-based Umpqua Holdings Corp. for $44.7 million. If the deal gains the approval of banking regulators and American Perspective shareholders, Umpqua will pay $10 per share in cash for the San Luis Obispo-based bank, a 12.4 percent premium Read More →
