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By Editorial Board / Friday, September 12th, 2014 / Editorials, Opinion / Comments Off on Editorial: Happy birthday, Camarillo and Thousand Oaks
We’d be remiss if we did not take the opportunity to make note of the 50th anniversaries of two important communities in our region. Camarillo and Thousand Oaks both mark their golden anniversaries in 2014 and, all fanfare aside, it is noteworthy that both have made significant economic impacts on our region. Thousand Oaks presents Read More →
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By Staff Report / Thursday, September 11th, 2014 / Real Estate, Top Stories, Tri-County Economy, West Ventura County / Comments Off on Camarillo industrial buildings sell for $23.4M
Marcus Adams Properties has purchased 205,669 square feet of space in the Flynn Road Industrial Park in Camarillo for $23.4 million. The Ventura-based firm said it bought six multi-tenant and two single-tenant industrial buildings in the business park. The properties were 96 percent leased with a total of 28 tenants at the time of the Read More →
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By Staff Report / Thursday, August 28th, 2014 / Central Coast, East Ventura County, Real Estate, South Coast, Technology, Top Stories, West Ventura County / Comments Off on Stantec to buy tri-county engineering firm Penfield & Smith
Stantec, a large publicly traded design and consulting company, is acquiring Santa Barbara-based engineering firm Penfield & Smith. Terms of the deal, expected to close in October, were not disclosed. Penfield & Smith has regional offices in Santa Barbara, Camarillo and Santa Maria. The company had revenue of $16 million last year, according to Business Read More →
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By Staff Report / Wednesday, August 6th, 2014 / Banking & Finance, Technology, Tri-County Economy, Tri-County Public Companies, West Ventura County / Comments Off on Vitesse loss narrows as new product sales overtake legacy offerings
Vitesse Semiconductor Corp. continued its fight back to profitability in the third quarter, with new product revenues driving higher sales and its net loss narrowing to 7 cents per share. In the same quarter a year earlier, the Camarillo-based firm had recorded a net loss of 17 cents per share. Third-quarter revenue increased 3 percent Read More →
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By Austen Hufford / Friday, June 20th, 2014 / Banking & Finance, Technology, Top Stories, Tri-County Public Companies / Comments Off on Investors affirm Vitesse turnaround strategy in sold-out $26.7M offering
In a little over a year, investors have twice shown confidence in the turnaround of Vitesse Semiconductor Corp. On June 17, the company netted proceeds of $26.7 million by selling 8.6 million shares of common stock.
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By Austen Hufford / Thursday, June 12th, 2014 / Banking & Finance, Technology, Top Stories, Tri-County Public Companies / Comments Off on Vitesse plans $23.2M stock offering
Shares of Vitesse Semiconductor Corp. plummeted 11.3 percent on Thursday after the company revealed plans to raise $23.2 million by selling common stock. The Camarillo-based chip design company said Thursday that the proceeds of the offering, a planned sale of 7.5 million shares at $3.35 each, would be used for working capital and general corporate Read More →
