Real estate firm files for $175M offering
By Pacific Coast Business Times Staff / Monday, September 13th, 2010 / Top Stories / Comments Off on Real estate firm files for $175M offering
Velocity Commercial Capital plans to raise $175 million in an initial public offering of its stock, a sign that it hopes investors still see money to be made in commercial real estate lending. The Westlake Village-based firm, which originates and acquires small-balance commercial real estate mortgages, filed documents with the U.S. Securities and Exchange Commission Read More →
Biofuel firm raises cool $3M
By Pacific Coast Business Times Staff / Monday, September 6th, 2010 / Top Stories / Comments Off on Biofuel firm raises cool $3M
Camarillo-based Cool Planet Biofuels has raised another $3 million and leased 50,000 square feet of space to propel the development of a biofuel system it says could produce usable gasoline with a negative carbon footprint. Cool Planet plans to use its newly leased space to start building what it dubs its “biomass fractionators.” Where traditional Read More →
Head of the class: Lynda.com expands its Carpinteria empire
By Pacific Coast Business Times Staff / Monday, September 6th, 2010 / Top Stories / Comments Off on Head of the class: Lynda.com expands its Carpinteria empire
With the purchase of almost 60,000 square feet of space in Carpinteria, Lynda.com has become one of the biggest technology firms headquartered on the South Coast. The Internet-based firm calls itself “education as a service.” Users pay about $25 a month to access an online library of almost 900 software courses. Originally oriented toward creative Read More →
Cal Oaks deal puts small banks in play
By Marlize van Romburgh / Monday, September 6th, 2010 / Banking & Finance, Banking Industry, Top Stories / Comments Off on Cal Oaks deal puts small banks in play
The $17.3 million proposed merger of Thousand Oaks-based California Oaks State Bank and a larger San Fernando Valley bank may hint at what the community banking world will look like in the aftermath of financial overhaul. Many smaller banks, especially those with less than $500 million in assets, are looking to their neighbors or larger Read More →
Public-sector manager pay adds up: We reveal comp of region's top execs
By Pacific Coast Business Times Staff / Monday, August 30th, 2010 / Top Stories / Comments Off on Public-sector manager pay adds up: We reveal comp of region's top execs
Lompoc City Administrator Laurel Barcelona and Moorpark City Manager Steve Kueny run cities of about the same size, but their paychecks are in different weight classes. Barcelona took home $166,557 in pay and benefits last year, while Kueny’s compensation was 73 percent higher, at $288,583. Lompoc and Moorpark are both bedroom communities with roughly 40,000 Read More →
Headquarter hunting: Ventura covets a big corporate employer
By Pacific Coast Business Times Staff / Monday, August 23rd, 2010 / Top Stories / Comments Off on Headquarter hunting: Ventura covets a big corporate employer
The city of Ventura seems to have it all: beaches, a burgeoning arts scene, a revitalized downtown, some of the region’s largest retail centers and relatively affordable housing. But if there’s one thing the city lacks, it’s corporate headquarters. The Camarillo-Oxnard corridor hosts publicly traded firms such as Semtech, Power-One and CalAmp. From Carpinteria to Read More →
Ruling on Chumash property key to Santa Ynez Valley future
By Stephen Nellis / Monday, August 23rd, 2010 / Top Stories / Comments Off on Ruling on Chumash property key to Santa Ynez Valley future
The fate of a 6.9-acre plot near the Chumash Casino could determine the future shape of the Santa Ynez Valley, one of the top tourist destinations in the Tri-Counties. The Santa Ynez Band of Chumash Indians is working to annex the parcel to build a cultural center, museum and 27,600-square-foot, two-story commercial building. Whether the Read More →
