Demand for office space shifts from big spaces to small spaces
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Read More →Simi Valley gaining more workforce housing stock
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Read More →Amazon puts squeeze on State Street stores
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Read More →4 tri-county companies to get tax credits for adding employees
Four tri-county businesses received tax credits to hire additional employees on the Central Coast as part of the California Competes program through the Governor’s Office of Business and Economic Development. A total of $91.4 million for 114 companies was approved by the tax credit committee. Carpinteria’s Procore Technologies will invest around $4.7 million to bring Read More →
Read More →PacWest Bancorp acquires CU Bancorp in $705 million deal
PacWest Bancorp has acquired CU Bancorp in a transaction valued at approximately $705 million. CU Bancorp, headquartered in Los Angeles, is the parent of California United Bank, which has branches in Thousand Oaks and Simi Valley. The bank has about $3 billion in assets and nine branches in Los Angeles, Orange, Ventura and San Bernardino Read More →
Read More →AeroVironment reports drop in revenues
AeroVironment, a Monrovia-based aircraft systems company with operations in Simi Valley, announced a drop in revenues for its third quarter fiscal 2017, ending in a $2.2 million net loss. Revenues for the quarter fell from $67.6 million the prior year to $53.2 million, mainly from its unmanned aircraft division. Gross margin also decreased 27 percent Read More →
Read More →CLU students apply business lessons to VFW
Simi Valley’s Veterans of Foreign Wars Post 10049 got some free business consulting Feb. 14 from graduate students at California Lutheran University, who advised rebranding and recruitment efforts to stem membership and financial losses. After struggling to stay afloat and drum up funds to maintain its headquarters and museum facilities, the post reached out to Read More →
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