Thousand Oaks-based energy crop firm Ceres has raised $23 million that it hopes will help it to break even as it continues testing its seeds in Brazil.
A Philadelphia company’s $41.7 million purchase of Hotel Oceana in Santa Barbara signals that large out-of-town investors are betting on a major boom in South Coast tourism.
Some of the greens on the South Coast are starting to look a little brown as regional golf courses cut back on watering amid California’s worsening three-year drought.
Hersha Hospitality Trust said it purchased the 122-room Santa Barbara hotel as part of a strategy to get into one of the “highest-demand gateway markets in the United States.”
Film production in San Luis Obispo County is on a roll, creating an estimated $4.1 million economic impact last year over 183 filming days. Notable credits include ABC’s “The Taste” and a slew of car commercials.
American Airlines will no longer offer service to Los Angeles from the Santa Barbara Airport starting April 1. The change is due to a nationwide restructuring of the airline’s routes, according to a Feb. 26 announcement.