Big firms check in to Santa Barbara hotel boom
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.
Heritage Oaks to cut 60 jobs as Mission Community deal closes
With its $56 million acquisition of Mission Community Bancorp, Heritage Oaks will shutter branches along the Central Coast in coming months and lay off about 60 employees in several phases.
Yardi acquires self-storage management platform
Goleta-based real estate software firm Yardi Systems has acquired Centershift, maker of a cloud-based platform for self-storage facilities. Terms of the deal were not disclosed.
Investors place bets on Ventura advertising tech firms
In a major week for advertising technology firms in Ventura, The Trade Desk has raised $20 million in a second venture capital round and Connexity has been acquired by Los Angeles-based Shopzilla.
DenMat drills down on growth strategy in Lompoc
DenMat has acquired most of the dental assets of Fort Collins, Co.-based Zila and will move those operations to its Lompoc headquarters, adding more warehouse space and ramping up hiring in sales, marketing and manufacturing.
