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Carpinteria office campus sale largest deal this year

By   /  Wednesday, June 24th, 2015  /  Latest news, Real Estate, South Coast, Top Stories  /  Comments Off on Carpinteria office campus sale largest deal this year

Santa Monica-based Montana Avenue Capital Partners purchased the 118,394-square-foot oceanfront office campus at 6303-6309 Carpinteria Ave. in Carpinteria in a record setting deal, according to brokers who worked on the deal. The sale price was not disclosed, although the property was listed for $32.5 million. Francois DeJohn and Steve Hayes of Hayes Commercial Group represented Read More →

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Santa Barbara-based Ontraport named great place for millennials to work

By   /  Wednesday, June 24th, 2015  /  Latest news, Small Business, Top Stories  /  Comments Off on Santa Barbara-based Ontraport named great place for millennials to work

Ontraport, a Santa Barbara-based small businesses management and marketing company, made the Fortune Magazine and Great Places to Work “100 Best Companies for Millennials” list. Ontraport is ranked No. 81 on the list, which looks at what millennials value most when finding a workplace. Respondents to Fortune’s survey said they desire open communication, collaboration, and Read More →

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Goleta-based Transphorm gets $70M investment

By   /  Tuesday, June 23rd, 2015  /  Banking & Finance, Latest news, Technology, Top Stories  /  Comments Off on Goleta-based Transphorm gets $70M investment

Goleta-based Transphorm has received a $70 million investment. Transphorm, an early stage semi-conductor company focused on creating ways to convert electricity more efficiently, announced the investment Monday, which was led by global investment firm KKR. Transphorm will use the money to fund product innovation and expansion projects. “By merging the technological leadership of Transphorm with Read More →

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Reality sets in for San Luis Obispo’s MindBody

By   /  Monday, June 22nd, 2015  /  Banking & Finance, Central Coast, Latest news, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Reality sets in for San Luis Obispo’s MindBody

For San Luis Obispo’s MindBody, reality has set in. The party is over. After early excitement about its initial public offering Friday, reality set in when shares plummeted about 17.4 percent by the end of the day. MindBody shares were rebounding slightly Monday morning. MindBody raised $101 million by selling 7.2 million shares at $14 Read More →

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Westlake Village’s Cynvenio Biosystems raises $25.5 million in equity financing

By   /  Friday, June 19th, 2015  /  Banking & Finance, Latest news, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Westlake Village’s Cynvenio Biosystems raises $25.5 million in equity financing

Westlake Village-based Cynvenio Biosystems raised $25.5 million in Series B equity financing Wednesday. Cynvenio’s LiquidBiopsy technology allows doctors to access populations of rare cancer cells in whole blood. At the same time, it allows doctors to analyze complex characteristics of cancers in a single blood sample. The investment was led by Livzon Pharmaceutical Group, which Read More →

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San Luis Obispo’s REC Solar acquires Stellar Energy

By   /  Friday, June 19th, 2015  /  Central Coast, Latest news, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on San Luis Obispo’s REC Solar acquires Stellar Energy

REC Solar acquired Stellar Energy from Stellar’s parent company Soligent Holdings on Wednesday in an asset purchase agreement. San Luis Obispo-based REC Solar will add 62 current solar projects and 60 megawatts to its portfolio with the acquisition of Stellar Energy, the leading solar provider in the West. “We are excited about the breadth of Read More →

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MindBody IPO raises $101 million

By   /  Friday, June 19th, 2015  /  Banking & Finance, Central Coast, Latest news, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on MindBody IPO raises $101 million

    San Luis Obispo’s first initial public offering in years for a non-bank company went off without a hitch on June 19 when MindBody raised slightly more than $101 million. MindBody, which develops software and provides merchant processing for yoga studios and fitness clubs, sold 7.2 million shares of stock at $14 per share Read More →

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