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By Staff Report / Tuesday, June 17th, 2014 / Law, Top Stories, Tri-County Economy, West Ventura County / Comments Off on Oxnard Gold’s Gym operator ordered to pay $6M in penalties
Gold’s Gym Oxnard and its owner, Noel Thompson, have been ordered to pay $6 million in civil penalties and restitution, Ventura County District Attorney Greg Totten said in a June 17 statement. According to the district attorney’s complaint, Thompson’s businesses violated several consumer-protection laws by collecting money on void and illegal contracts, charging gym members’ Read More →
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By Staff Report / Friday, June 13th, 2014 / Nonprofits, Small Business, South Coast / Comments Off on Record crowd as awards honor business leaders, star students
More than 700 business and community members turned out to the 20th annual South Coast Business and Technology Awards dinner on June 12. The attendance was the highest yet for the event, which has helped raise $1.6 million in scholarships to more than 650 students over the past two decades. The event honors leaders from Read More →
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By Staff Report / Friday, June 13th, 2014 / Banking & Finance, Banking Industry, Top Stories / Comments Off on Coast National Bank parent raises $6.8M in private placement
Coast Bancorp has raised $6.8 million through a private placement of debt and equity, a capital infusion that the San Luis Obispo-based banking firm said will be used for future growth as it turns the corner toward profitability. The parent company of Coast National Bank said the raise included 4.8 million shares of common stock Read More →
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By Staff Report / Thursday, June 12th, 2014 / Real Estate, Top Stories / Comments Off on Upper State Street office building sells for $10 million
The building anchored by Citibank at 3757 State St. in Santa Barbara has been sold for just shy of $10 million, marking the largest sale of an office property on upper State Street since 2005, according to brokers behind the deal. The buyer and seller were not disclosed. The 20,000-square-foot building, which retains a long-term Read More →
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