Creditor aims to seize 2 Marriott hotels in Thousand Oaks
By Pacific Coast Business Times Staff / Monday, April 26th, 2010 / Top Stories / Comments Off on Creditor aims to seize 2 Marriott hotels in Thousand Oaks
Two Thousand Oaks Marriott hotels in default on a $25 million construction loan and facing foreclosure are just the latest indication that the region’s hotels have been hit hard by a decline in tourism and a sour commercial real estate market. The neighboring hotels on Newbury Road — a Marriott TownePlace Suites and a Courtyard Read More →
Region
By Pacific Coast Business Times Staff / Monday, April 26th, 2010 / Top Stories / Comments Off on Region
The markets have rallied in the past two months, and tri-county stocks have ridden — and, in some cases, blown past — the wave. Some of the strongest resurgences have come in the region’s technology sector. Other big winners are companies with stories about deals or turnarounds, but the region’s banking stocks have also played Read More →
Shakeups spotlight CKE, ValueClick
By Pacific Coast Business Times Staff / Monday, April 19th, 2010 / Top Stories / Comments Off on Shakeups spotlight CKE, ValueClick
While one tri-county firm welcomes an old face to its executive suite, another might get some new faces. A rival suitor to take Carpinteria-based CKE Restaurants private could lead to a bidding war and change the firm’s management. Meanwhile, the chief executive of ValueClick, the Westlake Village-based online advertising firm, has stepped down and handed Read More →
Oxnard readies for its closeup
By Pacific Coast Business Times Staff / Monday, April 19th, 2010 / Top Stories / Comments Off on Oxnard readies for its closeup
Oxnard is ready for a make-over. The city, tired of being perceived as nothing more than acres of crop fields and a hotbed of crime, is rebranding itself — although it doesn’t yet know what it wants to look like when all is said and done. The citywide effort is in collaboration with Destination Development Read More →
Farm water fight comes to Central Coast
By Pacific Coast Business Times Staff / Monday, April 19th, 2010 / Top Stories / Comments Off on Farm water fight comes to Central Coast
Central Coast farmers are banding together to oppose what they call a “drastic and extreme” reworking of agricultural water rules. The Central Coast Regional Water Quality Control Board regulates water in a seven-county swath of the coast that includes San Luis Obispo and Santa Barbara counties, as well as coastal areas farther north. The region Read More →
Bank, builder duel again
By Pacific Coast Business Times Staff / Monday, April 12th, 2010 / Top Stories / Comments Off on Bank, builder duel again
Santa Barbara contractor David Lack and Bank of Santa Barbara are at it again, and this time the builder has fired the latest round in his ongoing battle with the bank. On March 19, Lack Construction filed a lawsuit in Santa Barbara County Superior Court alleging that Bank of Santa Barbara, the firm’s creditor, had Read More →
The future of the Valley
By Pacific Coast Business Times Staff / Monday, April 12th, 2010 / Top Stories / Comments Off on The future of the Valley
The battle lines for the future of the Santa Ynez Valley are drawn. On one side, the Santa Ynez Band of Chumash Indians put a $40 million recorded value on a 1,390-acre ranch it recently bought from the family of the late actor and Santa Barbara County developer Fess Parker. It’s a signal that the Read More →
