By pacbiztimes / Thursday, September 24th, 2015 / Latest news, Top Stories / Comments Off on Grocer Haggen looks to close all 20 stores in Tri-Counties
Haggen announced on Sept. 24 that it asked a Delaware bankruptcy court for permission to close its grocery stores in the Tri-Counties, along with the entire Pacific Southwest. The massive grocery chain, with roots in Bellingham, Wash., plans to close 100 stores, including all 20 in the tri-county region, to refocus on its core locations in Washington Read More →
A new Central Coast tech venture capital fund will give entrepreneurs in the Highway 101 corridor another avenue for funding. Santa Barbara Technology Ventures seeks to invest primarily in tech startups by having a close affiliation with companies coming out of UC Santa Barbara and Cal Poly San Luis Obispo, according to a Sept. 1 Read More →
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By Staff Report / Thursday, September 10th, 2015 / Latest news / Comments Off on Grocer Haggen files for Chapter 11 bankruptcy
Washington-based Haggen, the West Coast regional grocer, announced late Sept. 8 that it filed for Chapter 11 bankruptcy in an effort to reorganize. The company received $215 million in debtor-in-possession financing from its lenders to maintain its existing operations, according to a news release. “After careful consideration of all alternatives, the company concluded that a Read More →
By Staff Report / Tuesday, September 1st, 2015 / Latest news, Top Stories / Comments Off on Tri-county grocer Haggen suing Albertsons for $1 billion
Regional grocer Haggen filed a lawsuit against Albertsons that seeks $1 billion in damages, the company announced Sept. 1. Haggen, the chain based in Bellingham, Wash., that recently expanded into the Tri-Counties, alleged that Idaho-based Albertsons hamstrung its expansion by using confidential scheduling information to sabotage grand openings through aggressive marketing campaigns, misleading the company Read More →
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By pacbiztimes / Friday, August 28th, 2015 / Columns, Real Estate / Comments Off on Buellton hotel project secures funding to begin construction
A Buellton hotel project recently secured $14 million to start construction. The Los Angeles-based real estate investment company Lowe Enterprises Investors gave a $13.99 million construction loan to Ocean Park Hotels, a hotel construction company in Monterey, to fund building a Hampton Inn and Suites at 600 McMurray Road. The three-story, 99-unit property that will Read More →
