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Invoca garners Salesforce.com investment, rolls out new technology

By   /  Tuesday, April 8th, 2014  /  South Coast, Technology, Top Stories, Tri-County Economy  /  Comments Off on Invoca garners Salesforce.com investment, rolls out new technology

Santa Barbara-based inbound call technology firm Invoca has added Salesforce.com to its investor roster and released a new voice intelligence technology to help its customers decode incoming calls. Invoca’s software lets marketers generate unique phone numbers for campaigns and then route and track the calls and sales that result. The company has raised more than Read More →

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Montecito’s Starbucks center sells for $14.5M

By   /  Monday, April 7th, 2014  /  Real Estate, South Coast, Top Stories, Tri-County Economy  /  Comments Off on Montecito’s Starbucks center sells for $14.5M

The 13,800-square-foot retail center at 1046 Coast Village Road in Montecito has been purchased by a local couple for $14.5 million. (Photo courtesy of Radius Commercial Real Estate & Investments)

  The Starbucks-anchored retail center at 1046 Coast Village Road in Montecito has been sold to a local couple for $14.5 million. Montecito residents Deborah and James Longo purchased the 13,800-square-foot property in an off-market deal, according to Radius Commercial Real Estate & Investments. Along with the coffee shop, the other long-term tenants at the Read More →

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Lynda.com buys coding platform

By   /  Monday, April 7th, 2014  /  Technology, Top Stories  /  Comments Off on Lynda.com buys coding platform

Carpinteria-based online learning company Lynda.com has purchased Compilr, a Canadian firm that runs a cloud-based platform for programmers to write and test code. Terms of the deal were not announced, but TechCrunch said people close to the transaction valued it at around $20 million. Last year, Lynda.com raised $103 million in its first round of Read More →

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Select Staffing to shed debt, relinquish family control in Ch. 11

By   /  Friday, April 4th, 2014  /  Banking & Finance, South Coast, Top Stories, Tri-County Economy  /  Comments Off on Select Staffing to shed debt, relinquish family control in Ch. 11

The reorganization will reduce the ownership stake held by the Sorensen family and ends a years-long search for a solution to the heavy debt load Select Staffing took on at the height of the credit bubble.

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Last indie grocer leaves SLO as Whole Foods buys New Frontiers

By   /  Friday, April 4th, 2014  /  Central Coast, Real Estate, Top Stories, Tri-County Economy  /  Comments Off on Last indie grocer leaves SLO as Whole Foods buys New Frontiers

The sale sets the stage for Whole Foods’ first Central Coast store but also marks the departure of San Luis Obispo’s last independently owned grocery chain.

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Cheers to 100 years: Jordano’s kicks off centennial celebration

By   /  Friday, April 4th, 2014  /  Features, Restaurants, South Coast, Top Stories, Tri-County Economy  /  Comments Off on Cheers to 100 years: Jordano’s kicks off centennial celebration

Pete Jordano, CEO of regional food and beverage distributor Jordano’s. The family-owned company will celebrate its 100th year in 2015. (Stephen Nellis / Business Times photo)

Jordano’s kicked off a year-long run-up to its 100th birthday celebration at its biannual food show.

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Coastal Commission sea-level rules could erode property rights

By   /  Friday, April 4th, 2014  /  Central Coast, East Ventura County, Green Coast, Real Estate, South Coast, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on Coastal Commission sea-level rules could erode property rights

The seas are rising, threatening billions of dollars of California’s coastal real estate. But the question of whether property owners can armor against the waves or must fall back as their holdings wash away is at the heart of an obscure policy document making its way through the California Coastal Commission. The rules would require Read More →

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