Special report: 20 Growth Companies to Watch in 2014
Look for 2014 to be the year of life sciences, the cloud and services for consumers.
Apollo cashes in on CKE with $1.6B sale
CKE will join Roark affiliated companies, which include Arby’s, Cinnabon, Carvel, Wingstop, Corner Bakery and a number of others. “The cultural match is very positive, and we look forward to taking full advantage of their experience and expertise in the restaurant segment,” CKE chief executive Andy Puzder told the Business Times.
CKE Restaurants sold to Atlanta private equity firm
CKE Restaurants, the Carpinteria-based parent of Carls Jr. and Hardees, has been sold to an Atlanta private equity firm specializing in restaurant chains.
The price was not disclosed and the sale to an affiliate of Roark Capital Group comes five months after Apollo Global Management hired Goldman Sachs to explore a sale or spinoff of the company it purchased in 2010.
Nusil and Lynda.com are the king and queen of Carpinteria
During one very short year, the small, coastal city of Carpinteria has gone from an also-ran to the hottest market around when it comes to new job growth and filling commercial space. Research by the Business Times and Mark Schniepp’s California Economic Forecast shows that just two companies — Nusil and Lynda.com are mainly responsible for gobbling up thousands of square feet in Carp, which now is just about as fully leased up as at anytime since the dot-com era.
First coffee, then the world: Teeccino breaks into breakfast market
After spending the past 18 years growing the leading coffee alternative product in the country, Carpinteria-based Teeccino is expanding into the fast-growing health foods market.
Allen Associates draws attention for focus on high-end green homes
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Real estate investor buys $16.5M Venoco HQ in Carpinteria
A South Coast investor has purchased Venoco’s 50,955-square-foot headquarters building in Carpinteria. The property at 6267 Carpinteria Ave. was purchased by real estate investor Victor Schaff for an undisclosed amount. The property was listed by Hayes Commercial Group for $16.5 million. Denver-based oil and gas company Venoco has leased the glass-and-steel building, which sits on Read More →
