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Embracing new possibilities: Ventura tourism sees X Games boost, SB and SLO counties see positive trends

The X Games brought $2 million worth of economic impact in 2019 to Minneapolis. Ventura expects an even bigger impact. (courtesy photo) Summer is a time of great expectations for the tri-counties. As people look to venture out and do things near the beach, near the mountains and anything else in between, the Central Coast
Julie Madsen Chris Cline Trevor Lynch Kathy Janega Luis Obispo Marlyss Auster

Portfolio watch | Pacific Coast Business Times

City National Rochdale writes that there is a “high probability” that the Fed may be done with interest rate hikes for the current business cycle. It tells investors that the central bank “is in a ‘fine-tuning’ phase of monetary policy, and policy changes will be dependent upon incoming data.” That’s a contrast to recent behavior
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CRE: Luxury apartments see more demand after mortgage rate hikes | Pacific Coast Business Times

By Staff Report High-end apartments have proven to be more resilient and resistant to economic pressures than houses and other types of apartments this year, according to a report from Institutional Property Advisors. Housing prices and mortgage rates have continued to go up, leading to demand for high-end apartments to increase. Vacancy rates at Class
Staff Report High End Institutional Property Latest News Real Estate Subscriber Content

Connected TV, retail media bolster Trade Desk's solid quarter | Pacific Coast Business Times

The Trade Desk headquarters in downtown Ventura (file photo) Ventura-based The Trade Desk beat Wall Street’s expectations for its second-quarter performance thanks to boosts in revenue from the rise of connected TV and the increased use of retail data. That has not helped the company’s stock, however, which has dipped more than 10% since announcing
Trade Desk Ventura Based The Trade Desk Wall Street Latest News Subscriber Content Tri County Public Companies

CRE: High interest rates hinder South Coast sales activity, report finds

The building that includes The Palms restaurant in Carpinteria sold earlier this year. (courtesy photo) By Staff Report Sales in the South Coast have been hampered due to higher interest rates, the Hayes Commercial Group’s midyear 2023 report found. The report, published on Aug. 4, found that commercial dollar volume sales, excluding hotels, were down
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Amgen gives confidence to investors on pending purchase | Pacific Coast Business Times

Thousand Oaks-based Amgen beat analysts’ expectations when it reported its earnings for the second quarter on Aug. 3, but more importantly, the company reaffirmed its position that it can close the pending acquisition of Horizon Therapeutics before the end of the year. The biotech giant reported net income grew 4.5% year over year from $1.32
Thousand Oaks Based Amgen Horizon Therapeutics Health Care Amp Life Science Latest News Subscriber Content Tri County Economy

Street smarts: VCCU gives out $24K scholarship to Santa Paula High senior

The Ventura County Credit Union has awarded its inaugural First in Family Scholarship, the firm announced on July 26. The Credit Union, which is the largest credit union headquartered in Ventura County with eight offices, awarded the scholarship to Rayleen Meza, a Santa Paula High School senior who will be attending California State University Channel
Santa Paula United States Ventura County Rayleen Meza Santa Paula High School Credit Union

MannKind excites investors, analysts after huge bump in sales | Pacific Coast Business Times

MannKind shares rose nearly 20% on Aug. 8, one day after the company highlighted its earnings results for the second quarter of 2022. MannKind, a biotechnology company that develops treatments for diabetes and pulmonary arterial hypertension, delivered revenue worth $49.6 million in the second quarter of 2023, up 157% from the same quarter a year
Health Care Amp Life Science Latest News Subscriber Content Tri County Economy Tri County Public Companies

Vital signs: Apartment prices remain stingy across Central Coast | Pacific Coast Business Times

A report published on Aug. 8 by Dwellsy, the largest home rental listing platform in the country, found that apartment prices are dwindling slightly, except for the majority of the tri-counties. The July report showed that year-over-year rent has fallen 1.9%, or $25, for a one-bedroom apartment while two-bedroom apartments have remained flat. Similarly, from
Banking Amp Finance Latest News Personal Finance Subscriber Content

Dubroff: Philanthropy season returns as giving back remains a priority for the Central Coast

When I looked at my LinkedIn feed the other day, there was a photo of VNA Health CEO Kieran Shah at an Alzheimer’s fundraiser with actor Jane Seymour. In my email inbox, the other day was an invite to a fundraiser on the Channel Cat, a request to support SEEAG, a nationally acclaimed farm education
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