Better times at the inn: Thousand Oaks Marriotts signal hotel turnaround
Two Marriott hotels in Thousand Oaks that faced foreclosure on a $25 million construction loan have negotiated to extend the terms of the loan and the action has been dismissed, the head of the San Luis Obispo-based firm that owns the properties said.
Read More →Why developers are building new homes in the region again
A few homebuilders are cautiously tiptoeing off the sidelines and putting new single-family inventory on the market.
Read More →Beyond biologics: Amgen bets new drugs will pay dividend
Amgen executives believe the biotech giant will grow substantially in the next decade, pursuing drugs that treat major melanoma and bone loss.
Read More →Strength in numbers: Thousand Oaks firm taps crowds
Invested.in helps individuals and organizations tap their social networks for funding.
Read More →Teledyne regroups in face of defense cuts
Thousand Oaks-based Teledyne Technologies, a $1.6 billion military-industrial conglomerate, is rearranging itself to bolster its commercial camera sensor lines and shift toward the defense spending that’s farthest from the chopping block.
Read More →Cal Oaks merger closes
Encino-based California United Bank completed its $17.2 million acquisition of Thousand Oaks-based California Oaks State Bank on Dec. 31. Cal Oaks shareholders will receive compensation of $11.35 per share, half in cash and half in shares of California United common stock, the banks announced Jan. 3.
Read More →Orfalea sues cousin and development partner
Paul Orfalea, the founder of Kinko’s and a major presence on the South Coast business and philanthropic scenes, is suing his cousin over $27.8 million in allegedly unpaid loans to a development company the two co-founded. Orfalea and cousin Gary Safady founded Beverly Hills-based O&S Holdings in 1992. Its projects in the Tri-Counties include Zodo’s Bowling Read More →
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