Albertsons & Safeway to sell 168 stores before merger is approved
By Staff Report / Friday, December 19th, 2014 / Banking & Finance, Latest news, Real Estate, Restaurants, Top Stories, Tri-County Economy / 1 Comment
The divestiture of the stores is part of another deal to secure FTC clearance for Albertons to acquire Safeway in a $9.2 billion deal. That transaction, which the companies are calling a merger, was announced in March and is expected to close in January.
Read More →LTC Properties raises $24.5M through sale of shares
By Staff Report / Friday, December 19th, 2014 / Banking & Finance, Latest news, Real Estate, Top Stories, Tri-County Public Companies, West Ventura County / Comments Off on LTC Properties raises $24.5M through sale of shares
According to company filings, LTC will use the proceeds of the sale to pay down outstanding debt on its unsecured credit line, fund acquisitions and current development pipeline and for general corporate purposes.
Read More →Reporting oversight costs SCE $170,000 in penalties
By Staff Report / Thursday, December 18th, 2014 / East Ventura County, Latest news, Law, Top Stories, West Ventura County / Comments Off on Reporting oversight costs SCE $170,000 in penalties
SCE started notifying authorities of the undisclosed facilities after discovering it had not submitted reports for many of its Ventura County facilities through a self-audit.
Read More →Simi chamber CEO set to retire
By Staff Report / Thursday, December 18th, 2014 / Latest news, Top Stories / Comments Off on Simi chamber CEO set to retire
Following a 30-year career with the chamber, Nixon will be moving to Sumerlin, Nevada, with her husband. The organization’s board of directors will be conducting a search for her replacement over the next five months.
Read More →Kimpton sold to UK hotel group in $430M deal, Miramar delayed
By Staff Report / Tuesday, December 16th, 2014 / Latest news, Real Estate, South Coast, Top Stories, Tourism / Comments Off on Kimpton sold to UK hotel group in $430M deal, Miramar delayed
The deal is touted as a move to accelerate growth of the new company’s brands in the U.S., particularly in Europe and Asia, where demand for boutique brands is on the rise.
Read More →Former Raytheon property in Goleta sells for $2.8M
By Staff Report / Monday, December 15th, 2014 / Latest news, Real Estate, South Coast, Top Stories / Comments Off on Former Raytheon property in Goleta sells for $2.8M
Once home to aerospace and defense firm Raytheon, the industrial building at 5756 Thornwood Drive in Goleta has new owners, and improvements are on the way.
Read More →Wells Fargo to open new Santa Barbara location
By Staff Report / Thursday, December 11th, 2014 / Banking & Finance, Banking Industry, Latest news, South Coast, Top Stories / Comments Off on Wells Fargo to open new Santa Barbara location
San Francisco-based Wells Fargo, one the largest employers in the Tri-Counties, is slated to open its fourth banking branch in Santa Barbara on Dec. 15. The new location is at 101 N. Milpas St. and will serve retail, mortgage and business banking customers. Wells Fargo signed the lease for the 2,600-square-foot former Blockbuster location in Read More →
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