Stantec to buy tri-county engineering firm Penfield & Smith
By Staff Report / Thursday, August 28th, 2014 / Central Coast, East Ventura County, Real Estate, South Coast, Technology, Top Stories, West Ventura County / Comments Off on Stantec to buy tri-county engineering firm Penfield & Smith
Stantec, a large publicly traded design and consulting company, is acquiring Santa Barbara-based engineering firm Penfield & Smith. Terms of the deal, expected to close in October, were not disclosed. Penfield & Smith has regional offices in Santa Barbara, Camarillo and Santa Maria. The company had revenue of $16 million last year, according to Business Read More →
Read More →50 Fastest-Growing Companies 2014 announced
By Staff Report / Monday, August 25th, 2014 / Central Coast, East Ventura County, Latest news, South Coast, Top Stories, Tri-County Economy, West Ventura County / Comments Off on 50 Fastest-Growing Companies 2014 announced
Learn more about this year’s featured companies and the Sept. 18 awards event.
Read More →Venoco to sell Oxnard oil field for $200M
By Stephen Nellis / Friday, August 22nd, 2014 / Latest news, Top Stories, West Ventura County / 1 Comment
With revenue sagging and pressure mounting to reduce its debt load, Venoco has agreed to sell an oil field near Oxnard for $200 million.
Read More →In their own words: Spirit of Small Business 2014 winners
By Staff Report / Thursday, August 21st, 2014 / Central Coast, East Ventura County, Green Coast, Small Business, South Coast, Top Stories, Tri-County Economy, West Ventura County / 2 Comments
The Pacific Coast Business Times’ 2014 class of Spirit of Small Business winners were honored at an awards luncheon on Aug. 14, 2014 following the publication of a special edition on July 25, 2014. The special section, produced in partership with the U.S. Small Business Administration, highlights entrepreneurship in the Tri-Counties, with profiles on successful Read More →
Read More →Semtech earnings on track after layoffs
By Stephen Nellis / Thursday, August 21st, 2014 / Earnings, Latest news, Technology, Tri-County Public Companies, West Ventura County / Comments Off on Semtech earnings on track after layoffs
Shares of Camarillo-based chipmaker Semtech Corp. were up 4.8 percent after the company announced stronger-than-expected sales and profits. Semtech, which uses a fiscal year that ends in January each year, said Aug. 20 that its second-quarter fiscal 2015 revenues were $145.7 million, up 10 percent from the previous quarter but down 12 percent from the Read More →
Read More →Ventura County Credit Union purchases former Affinity Group HQ
By Staff Report / Monday, August 18th, 2014 / Banking & Finance, Banking Industry, East Ventura County, Real Estate, Top Stories, Tri-County Economy, West Ventura County / Comments Off on Ventura County Credit Union purchases former Affinity Group HQ
Ventura County Credit Union has purchased the 73,000-square-foot office building at 2575 Vista Del Mar Drive in Ventura for its new headquarters. The property was previously the corporate home of Affinity Group. The purchase price was not disclosed. The property previously changed hands for $4.4 million in late 2012, property records show. The credit union Read More →
Read More →Santa Barbara Community Bank to open on Carrillo Street
By Staff Report / Friday, August 15th, 2014 / Banking & Finance, Banking Industry, Real Estate, South Coast, Tri-County Economy, West Ventura County / Comments Off on Santa Barbara Community Bank to open on Carrillo Street
OCB Bancorp has taken over the 1,600-square-foot space at 21 E. Carrillo St. in downtown Santa Barbara for its new Santa Barbara Community Bank division. The location is a new branch for Ojai-based OCB Bancorp, which announced last month that it had tapped veteran banker Eloy Ortega to lead its expansion into the South Coast. Read More →
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