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By Pacific Coast Business Times Staff / Monday, October 11th, 2010 / Columns, Nonprofits, Real Estate / Comments Off on Nonprofit seizes opportunity to turn hassle into new facility
Question: The city wants to extend a road through your property, right through a corner where several key buildings are located. What do you do? (a) Put up a fight. (b) Sell the city the land, and use the proceeds as seed money to build a new facility on your remaining property. Santa Maria-based VTC Read More →
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By Pacific Coast Business Times Staff / Monday, October 4th, 2010 / Latest news / Comments Off on Santa Barbara approves TBID
The Santa Barbara City Council voted Sept. 28 to establish a “tourism business improvement district,” which will collect fees from 88 different hotels and use them to fund a regional marketing campaign. The measure places a surcharge, on top of the existing bed tax, of between 50 cents and $2 per night, depending on the Read More →
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By Pacific Coast Business Times Staff / Monday, September 27th, 2010 / Top Stories / Comments Off on Congressional crush: Wineries fight direct shipping restrictions
It’s the week before wine crush and Tablas Creek Vineyard General Manager Jason Haas is worried. Not about the grape harvest, or this year’s vintage, but about a looming piece of congressional legislation. HR 5034, the Comprehensive Alcohol Regulatory Effectiveness Act of 2010, or CARE, is a bill that would cede control of wine shipping Read More →
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By Pacific Coast Business Times Staff / Monday, September 27th, 2010 / Top Stories / Comments Off on Occam to stay in Goleta after merger
The Northern California company set to buy Goleta-based Occam Networks in a $171 million deal says it will keep the company’s engineering staff on the South Coast and in Fremont largely intact after the merger. “We will continue to have an operation and engineering in Santa Barbara,” said Geoff Burke, marketing director for the buyer, Read More →
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By Pacific Coast Business Times Staff / Monday, September 27th, 2010 / Columns / Comments Off on Apartments a bright spot in South Coast real estate market
The South Coast apartment market has seen more than $77 million in property sales this year, according to commercial real estate brokers at Radius Group’s Santa Barbara County Real Estate and Economic Outlook on Sept. 16. The largest sale was the $37.4 million purchase of the Fontainebleu apartments in Isla Vista. Chicago-based Blue Vista Capital Read More →
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By Pacific Coast Business Times Staff / Monday, September 27th, 2010 / Columns / Comments Off on Power-One shows California lacks spark
It’s hard to find a better turnaround story than Power-One. The Camarillo-based company took a secondary product line from an Italian company it had purchased and bet the farm on a new line of business — producing devices called inverters that are crucial to regulating the power output of wind turbines and solar panel arrays. Read More →
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By Pacific Coast Business Times Staff / Monday, September 27th, 2010 / Uncategorized / Comments Off on Kavli sues former employee of real estate firm
International science icon and real estate mogul Fred Kavli is suing a much smaller competitor. In a lawsuit filed in Ventura County Superior Court in late August, Kavli alleges that a former employee of his Oxnard-based real estate firm Sunbelt Enterprises misappropriated trade secrets, breached fiduciary duties and is unfairly competing with him. Defendant David Read More →
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