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Developers back out of deal to buy Santa Maria parcels from Limoneira

By   /  Friday, March 7th, 2014  /  Banking & Finance, Central Coast, Real Estate, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Developers back out of deal to buy Santa Maria parcels from Limoneira

Two housing developments in Santa Maria are back on the market after a potential buyer backed out of an $8.3 million deal with Limoneira Co.

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Hotel Oceana sells to Philadelphia firm for $41.7M

By   /  Thursday, March 6th, 2014  /  Real Estate, Top Stories, Tourism  /  Comments Off on Hotel Oceana sells to Philadelphia firm for $41.7M

Hersha Hospitality Trust said it purchased the 122-room Santa Barbara hotel as part of a strategy to get into one of the “highest-demand gateway markets in the United States.”

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Sonos headquarters sold after listing for $21.5M

By   /  Monday, March 3rd, 2014  /  Real Estate, South Coast, Top Stories, Tri-County Economy  /  Comments Off on Sonos headquarters sold after listing for $21.5M

The 47,000-square-foot building at 25 E. Mason St. in Santa Barbara’s Funk Zone has been sold to an unnamed investor for an undisclosed amount. The property was listed for $21.5 million.

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Yardi acquires self-storage management platform

By   /  Monday, March 3rd, 2014  /  Latest news, Real Estate, Technology  /  Comments Off on Yardi acquires self-storage management platform

Goleta-based real estate software firm Yardi Systems has acquired Centershift, maker of a cloud-based platform for self-storage facilities. Terms of the deal were not disclosed.

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Crossroads Center developer sues Best Buy over growth plans

By   /  Friday, February 28th, 2014  /  Central Coast, Law, Real Estate, Tri-County Economy  /  Comments Off on Crossroads Center developer sues Best Buy over growth plans

In a suit filed last month in Santa Barbara County Superior Court, developer Santa Maria Associates 101 is suing Best Buy Stores and asking a court to affirm its rights to develop new pads in the center, which is located at Highway 101 and East Betteravia Road.

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Latest

LTC earnings jump 14.7%

By   /  Friday, February 21st, 2014  /  Banking & Finance, Earnings, Latest news, Real Estate  /  Comments Off on LTC earnings jump 14.7%

LTC Properties’ fourth-quarter profits jumped 14.7 percent to $13.7 million, or 40 cents per diluted share, it said on Feb. 20.

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Nipomo oil refinery fight bubbles over

By   /  Friday, February 21st, 2014  /  Central Coast, Real Estate, Top Stories, Tri-County Economy  /  Comments Off on Nipomo oil refinery fight bubbles over

A fight over expansion at an oil refinery near Nipomo has taken shape, with the source of new oil and a potential clash between federal and county regulation of railroads emerging as key issues.

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