State Street property leased for downtown housing
The old Staples and Reid’s Appliance buildings in downtown Santa Barbara have been leased with plans to add 84 units of housing to the property. The new tenant has a 99-year ground lease for the property on lower State Street, Radius Commercial Real Estate announced Oct. 8. The city has given preliminary approvals to build Read More →
Read More →Paul Glenn, Montecito investor and philanthropist, dies at 89
Paul F. Glenn, a successful commodities trader whose foundation invested more than $100 million into research related to aging and longevity, has died in Montecito at age 89. He was a native of Pennsylvania who attended Princeton and Harvard Law School before embarking on a career as a commodities trader. Much of his success came Read More →
Read More →Resonant reports earnings bump
Resonant, the Goleta-based maker of components for wireless devices, reported a sharp increase in sales and a reduced cash burn for its third quarter ended Sept. 30. The company said revenue jumped to $1.4 million, compared to $79,000 in the same quarter a year ago and $600,000 in the second quarter, as it received a Read More →
Read More →SLO County names interim airports chief
San Luis Obispo County has found a new airports director in its own deputy director. Courtney Johnson, who has been the county’s airports deputy director since January 2019, will serve in an interim role leading the agency after current director Kevin Bumen steps down on Oct. 10 to take a job at San Francisco International Read More →
Read More →Ventura County moves into reopening stage that allows gyms, restaurants indoors
Ventura County moved into the second tier of California’s COVID-19 reopening process on Oct. 6, putting all three Central Coast counties in that category. Under the rules for red counties, Ventura County gyms, personal care services, museums, zoos, places of worship, movie theaters and restaurants will be able to reopen indoor operations in a limited Read More →
Read More →Figueroa Mountain Brewing announces Chapter 11 bankruptcy filing
Buellton-based craft brewer Figueroa Mountain Brewing Co. filed for Chapter 11 bankruptcy reorganization on Oct. 5, as the region’s second largest craft brewer announced plans to restructure its debts and bring in a new financial partner. “While it is a difficult decision to go down this path, we believe this will be the best direction Read More →
Read More →It’s “Mission accomplished” for avocado distributor’s IPO
Mission Produce is going on the offensive in the booming global avocado market, with $75 million in new capital from its Oct. 1 initial public offering. The Oxnard-based global avocado packer and distributor went public at $12 per share, a step down from its initial target of $15-$17 per share. The deal netted $75 million Read More →
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