Pacifica buys another Cambria hotel
Pacifica Hotels has added to its Central Coast portfolio of independent hotels with its acquisition of San Simeon Pines Seaside Resort in Cambria, the company announced on Feb. 25. Pacifica has been on a hotel buying spree throughout the Central Coast. It now has six properties in Cambria and a total of 34 along the Read More →
Read More →Live streaming of Phillips 66 crude-by-rail meeting crashes
More people have participated in the San Luis Obispo County Planning Commission discussion on Phillips 66 crude-by-rail expansion project than any tri-county topic in recent memory. So many that they crashed the county website Feb. 25. Viewers near and far were unable to tune in to the county’s live stream of the morning meeting, which Read More →
Read More →Ceres fires KPMG over financial report
Ceres Inc. fired its accounting firm Feb. 23 during a disagreement over a “going concern” statement in Ceres’ 2015 annual report. Ceres, a Thousand Oaks-based ag-biotech company, made the announcement in a filing with the Securities and Exchange Commission. The filing says Ceres hired Los Angeles-based Marcum as its new independent accountant and dismissed its Read More →
Read More →Amgen selling $708 million in bonds to Swiss
Thousand Oaks-based biotech giant Amgen said Feb. 23 it will sell about $700 million in bonds on the Swiss market. Amgen said it would sell 700 million Swiss Francs worth of bonds. That equals about $708 million. Amgen submitted the bonds to the Swiss market for pricing Feb. 23 and said it expected to sell Read More →
Read More →Oxnard expected to OK deal with Rams for spring practices
The Oxnard City Council is expected to approve a contract with the Los Angeles Rams at a meeting Feb. 23. The Rams would hold spring practices at the River Ridge Fields, near River Ridge Golf Course, from April 18 through June 17. The city expects to net about $75,000. According to the contract between the Read More →
Read More →AppFolio revenue up in 2015 but so were losses
AppFolio had another strong year but losses nearly doubled as the company expanded in 2015. Goleta-based AppFolio, which makes property management software for small- to medium-sized businesses, released fourth quarter earnings and 2015 earnings results after markets closed Feb. 22. Yearly revenue increased 57 percent in 2015 to about $75 million. Fourth quarter revenues also Read More →
Read More →LTC Properties beats analyst projections
Westlake Village-based LTC Properties beat analyst projections of rental revenue and funds from operations per share in its fourth quarter earnings report. LTC is a real estate investment trust that buys facilities such as nursing homes. Investors in such companies often use funds from operations as a substitute for earnings per share because it takes depreciation Read More →
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