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  1. Bacara Resort & Spa in Goleta put up for saleRead the original story w/Photo

    Wednesday Feb 8 | Pacific Business Times

    The Pacific Hospitality Group listed the Bacara Resort & Spa in Goleta for sale for an undisclosed amount, PHG Chief Investment Officer Kory Kramer said. The Irvine-based company has invested more than $25 million in upgrades and renovations since it purchased the resort in 2013 for an estimated $150 million to $180 million.


  2. American Riviera Bank's net income soared in 2016Read the original story w/Photo

    Tuesday Jan 31 | Pacific Business Times

    Santa Barbara-based American Riviera Bank reported net income of $4.1 million in 2016, or 94 cents per share, up from $1.3 million in 2015, or 48 cents per share, as the acquisition of The Bank of Santa Barbara has paid dividends, the company said. The all-stock transaction, completed in January 2016, created a combined institution with more than $400 million in assets and three branches in downtown Santa Barbara, Montecito and Goleta.


  3. UCSB forecast predicts 'new normal' for water conservationRead the original story

    Friday Jan 27 | Pacific Business Times

    A mid-year forecast by the UC Santa Barbara Economic Forecast Project illustrated a "new normal" for water conservation measures but uncertainty for the economy in the wake of the election. Demand has fallen below 10,000 acre feet of water for the Goleta Water District after mandated conservation requirements.


  4. InTouch Health to celebrate opening of Goleta headquartersRead the original story w/Photo

    Friday Jan 27 | Pacific Business Times

    Telehealth developer InTouch Health will celebrate the grand opening of its new corporate headquarters at 7402 Hollister Ave. in Goleta on Jan. 31. The new facility includes an advanced technology "innovation center" that showcases medical care delivery solutions via robotics and cloud-based networks. InTouch created the world's first robotic telehealth system shortly after its founding in 2004.


  5. America's Tire to be built on $3.25 million Goleta parcelRead the original story

    Friday Jan 27 | Pacific Business Times

    A 35,000-square-foot vacant parcel at 151 S. Fairview Ave. in Goleta was sold for $3.25 million with plans to build an America's Tire. It is one of the few parcels of vacant, developable land in Goleta where a variety of hotels and housing and commercial projects are in the works.


  6. Montecito Bank & Trust reports income drop but strong loan and deposit growthRead the original story w/Photo

    Wednesday Jan 25 | Pacific Business Times

    Santa Barbara-based Montecito Bank & Trust reported an 8.5 percent drop in net income in 2016 to $14.6 million but saw strong loan and deposit growth. The bank reported loan growth of 22 percent year over year, ending 2016 at $868.7 million.


  7. Dubroff: 2017 editorial calendar for PCBT shaping up nicelyRead the original story w/Photo

    Jan 6, 2017 | Pacific Business Times

    With a new year just getting under way, I thought I would exercise my editor's privilege and introduce some of our new editorial calendar concepts for 2017. After a fine start in 2016, we're bringing back the Central Coast Innovation Awards with its "Startup Village" of university and community entrepreneurs.


  8. Magazine names Yardi Systems among top 10 fastest growing in its industryRead the original story w/Photo

    Dec 28, 2016 | Pacific Business Times

    Goleta property management software company Yardi Systems was named among the top 10 fastest growing companies in its industry, following its placement on the inaugural Forbes 2016 Cloud 100 list. Insights Success, a magazine that tracks emerging and quickly growing companies, said it included Yardi for its applications of technology "to enhance both the consumer and professional experience with real estate management," and highlighted the leadership of founder and President Anant Yardi.


  9. MOXI molded with tri-county technological innovationsRead the original story w/Photo

    Dec 23, 2016 | Pacific Business Times

    During a recent walk through the nearly completed museum it also became obvious that President and CEO Steve Hinkley and his staff have been forging strong ties to companies at the core of our innovation culture on the Central Coast. First, a bit of history.


  10. Soraa LED lamps exceed state certification standardsRead the original story w/Photo

    Dec 22, 2016 | Pacific Business Times

    Goleta-based LED technology company Soraa announced Dec. 22 that its products exceeded the certification needed for California's Title 24 lighting standard, making it the first company with a complete line of LED lamps to do so. Soraa's LEDs had both a color rendering index and a deep red rendering index of 95, greater than the 90 and 50 needed, respectively, to achieve the JA8-2016-E certification.


  11. Presidential election creates Central Coast winners and losersRead the original story w/Photo

    Nov 18, 2016 | Pacific Business Times

    The stock market rally that accompanied the election of Donald J. Trump as the nation's 45th president has flattened out amid the reality that governing is complex and so is the economy. With Trump's election, the slow growth predictability of the Obama years has been replaced with something new.


  12. Merger pays off for American Riviera BankRead the original story w/Photo

    Oct 27, 2016 | Pacific Business Times

    American Riviera Bank reported sharply higher profits and deposits for the third quarter as the benefits of its merger with the Bank of Santa Barbara late last year are becoming evident. American Riviera said Oct. 25 that net income was $1.4 million for the quarter ended Sept.


  13. Channel Technologies files for bankruptcy protectionRead the original story w/Photo

    Oct 20, 2016 | Pacific Business Times

    Channel Technologies, a Santa Barbara-area ceramic components maker that built products used in the Navy's sonar gear for decades, has filed for bankruptcy protection amid losses on long-term contracts. The company was expected to lose $11.6 million this year on around $30 million in revenue as it struggled to meet the terms of contracts it bid on earlier.


  14. Montecito Bank & Trust net income down but loan, deposit growth strongRead the original story w/Photo

    Oct 18, 2016 | Pacific Business Times

    Santa Barbara-based Montecito Bank & Trust reported $10.9 million of net income in the third quarter, down from $12.2 million over the same period last year, but had strong loan and deposit growth. In 2016, MB&T discontinued reversals of excess loan loss reserves to support loan growth, which is reflected in the reduced year-to-date net income.


  15. SLO County formulating plan to encourage affordable housingRead the original story w/Photo

    Oct 7, 2016 | Pacific Business Times

    The San Luis Obispo County Board of Supervisors is moving forward with a plan that aims to facilitate more affordable housing development. Policy recommendations included streamlining the permitting process, expanding multifamily residential zoning, reducing fees for affordable housing developments and scaling them to unit sizes rather than number of units, allowing secondary dwelling units in more zones, and easing farmworker housing limitations.


  16. MIT discusses pros, cons of AIRead the original story w/Photo

    Sep 21, 2016 | Pacific Business Times

    Regional business leaders explored artificial intelligence and its possible impacts on society and businesses at the latest event held by the MIT Enterprise Forum of the Central Coast Regional business leaders said that while machines are decades or centuries away from developing consciousness machines have the power to refine education, car driving and other things that humans are not good at. Luke Nosek, co-founder of PayPal said articulate intelligence levels are still nowhere near they of humans.


  17. Venoco offers early end to offshore oil production if it can draw more soonerRead the original story

    Sep 15, 2016 | Pacific Business Times

    Venoco has proposed to bring an early end to its offshore oil and gas production if the company's Lease Line Adjustment Project is approved. Denver-based Venoco, which has significant operations in Santa Barbara County, proposed on Sept.


  18. Net income down but Montecitio Bank & Trust's loans and deposits growRead the original story w/Photo

    Aug 25, 2016 | Pacific Business Times

    Santa Barbara-based Montecito Bank & Trust reported net income of $7.2 million in the second quarter, down $800,000 from the same period last year. The bank reported 13.6 percent year-over-year loan growth, ending the quarter at $752 million.


  19. Dubroff: Sientra goes for gold by partnering with LubrizolRead the original story w/Photo

    Aug 12, 2016 | Pacific Business Times

    News from breast implant maker Sientra that it had secured a contract with a unit of lubricants maker Lubrizol to have its silicone breast implants produced in the U.S. sent the stock soaring on Aug. 9. In an ironic twist on the Rio Olympics, Sientra has been running away from Brazilian manufacturer Silimed after European health officials raised concerns about quality control and a fire destroyed the plant producing Sientra products. With Lubrizol LifeSciences coming on board, Sientra gains one of the most formidable partners anywhere on the planet - the Ohio-based company is a unit of Warren Buffet's legendary investment company, Berkshire Hathaway.


  20. Companies Pitch at GEM Demo DayRead the original story w/Photo

    Aug 10, 2016 | Pacific Business Times

    Six companies presented to investors, colleagues and friends Aug. 9 as the Goleta Entrepreneurial Magnet held a demo day for for regional companies. The Goleta Entrepreneurial Magnet held the event for six teams that finished its seven week G2 Summer Accelerator at the Bacara Resort & Spa Aug.n9 Among the teams that presented was Vibe; which is developing a glove designed to help blind people see the world better and replace a walking cane for them.


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