QAD profits slip despite record revenue
By Staff Report / Thursday, March 13th, 2014 / Banking & Finance, South Coast, Technology, Tri-County Economy, Tri-County Public Companies / Comments Off on QAD profits slip despite record revenue
Summerland-based QAD’s profits in its most recent fiscal year dipped 3.8 percent to $6.4 million, or 41 cents per Class A share and 34 cents per Class B share.
Read More →Investor snaps up Sonos R&D facility in largest deal in 7 years
By Marlize van Romburgh / Friday, March 7th, 2014 / Real Estate, South Coast, Top Stories, Tri-County Economy / Comments Off on Investor snaps up Sonos R&D facility in largest deal in 7 years
A 47,000-square-foot property in Santa Barbara that music equipment maker Sonos leases for its world research and development headquarters has been sold for a reported $17.2 million after being listed for $21.5 million.
Read More →South Coast golfers trod parched courses amid drought
By Christine De La Cruz / Friday, March 7th, 2014 / Agribusiness, Central Coast, East Ventura County, Features, Green Coast, South Coast, Top Stories, Tourism, Tri-County Economy, West Ventura County / Comments Off on South Coast golfers trod parched courses amid drought
Some of the greens on the South Coast are starting to look a little brown as regional golf courses cut back on watering amid California’s worsening three-year drought.
Read More →UCSB to build $74.3M bioengineering center
By Staff Report / Tuesday, March 4th, 2014 / Restaurants, South Coast, Technology, Top Stories, Tri-County Economy / Comments Off on UCSB to build $74.3M bioengineering center
With the state’s fiscal picture improving, UC Santa Barbara is set to break ground on a $74.3 million bioengineering center this summer.
Read More →Sonos headquarters sold after listing for $21.5M
By Staff Report / 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.
Read More →Deckers shares plunge with predicted Q1 loss
By Staff Report / Thursday, February 27th, 2014 / Banking & Finance, South Coast, Top Stories / Comments Off on Deckers shares plunge with predicted Q1 loss
Shares of Deckers Outdoor Corp. were down sharply in after-hours trading Feb. 27 as the company predicted a loss for this year’s first quarter of 16 cents per share compared to a 10-cent-per-share profit expected by Wall Street.
Read More →American Airlines to stop flying to LAX from SBA
By Staff Report / Thursday, February 27th, 2014 / South Coast, Tourism, Tri-County Economy / Comments Off on American Airlines to stop flying to LAX from SBA
American Airlines will no longer offer service to Los Angeles from the Santa Barbara Airport starting April 1. The change is due to a nationwide restructuring of the airline’s routes, according to a Feb. 26 announcement.
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