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1,000 area jobs in peril

By   /  Friday, September 9th, 2011  /  Banking & Finance, Banking Industry, Technology, Top Stories, Tri-County Economy  /  3 Comments

By Stephen Nellis and Marlize van Romburgh on September 9, 2011 Nearly 1,000 jobs are either at risk or being cut in the Tri-Counties in manufacturing, medical device research and finance. On Sept. 1, Bank of America said it planned to sell or shutter its correspondent lending arm, imperiling as many as 700 jobs in Read More →

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Brothers ready to move their wine country staple around the corner

By   /  Friday, September 2nd, 2011  /  Columns, Restaurants, Small Business  /  Comments Off on Brothers ready to move their wine country staple around the corner

Brothers Restaurant at Mattei’s Tavern will leave the historic stagecoach stop on Highway 154 and move down the road.

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MD2 Communities plans 177 new homes in San Luis Obispo

By   /  Friday, September 2nd, 2011  /  Columns, Real Estate  /  Comments Off on MD2 Communities plans 177 new homes in San Luis Obispo

San Luis Obispo has its first new housing development in years with the proposed 177-home Serra Meadows community in the Margarita Plan area off Prado Road.

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Venoco sued over CEO’s offer

By   /  Friday, September 2nd, 2011  /  Banking & Finance, Law, Top Stories, Tri-County Public Companies  /  Comments Off on Venoco sued over CEO’s offer

A shareholder of Venoco has filed a lawsuit to block a proposal by the CEO of the oil and gas company to buy the half of the company he doesn’t already own, alleging that the proposed buyback undervalues the firm. Tim Marquez, the CEO and president of Venoco, has offered $12.50 per share to buy Read More →

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Fired up in Edna Valley: Ray’s Own Brand expands

By   /  Friday, September 2nd, 2011  /  Features, Small Business  /  Comments Off on Fired up in Edna Valley: Ray’s Own Brand expands

San Luis Obispo-based sausage maker Ray’s Own Brand recently signed a deal with national food distributor McClane.

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700 BofA jobs at stake in Ventura County

By   /  Thursday, September 1st, 2011  /  Banking & Finance, Banking Industry, Latest news, Tri-County Economy  /  Comments Off on 700 BofA jobs at stake in Ventura County

About 700 jobs in Thousand Oaks and Westlake Village are in peril as Bank of America prepares to sell or shutter the correspondent-lending arm of its mortgage business. “We intend to sell the correspondent mortgage lending division or, if a suitable deal is not identified, we will consider other options, including winding down the correspondent Read More →

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Large spaces finally seeing action again in Ventura County market

By   /  Friday, August 26th, 2011  /  Columns, Real Estate  /  Comments Off on Large spaces finally seeing action again in Ventura County market

Ventura County’s industrial space market is in flux.

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