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Building more affordable housing difficult for tri-county developers

By   /  Friday, November 11th, 2016  /  Columns, Latest news, Real Estate  /  Comments Off on Building more affordable housing difficult for tri-county developers

Building affordable housing can be anything but affordable for developers. Developers often need some sort of subsidy for affordable projects to pencil out, given the fact that they will receive below-market rents. Yet, the arena for federal income tax credits is becoming increasingly competitive. Projects are rated on a point system for the Low-Income Housing Read More →

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Ventura County economy faces challenges

By   /  Friday, November 11th, 2016  /  Agribusiness, East Ventura County, Latest news, Tri-County Economy, West Ventura County  /  Comments Off on Ventura County economy faces challenges

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Salem misses earnings estimates for third quarter

By   /  Monday, November 7th, 2016  /  Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Salem misses earnings estimates for third quarter

Salem Media Group beat analyst revenue estimates but missed earnings per share estimates, according to third quarter earnings reported Nov. 7. Salem Media Group, a Camarillo-based Christian and conservative radio operator, reported revenues of $71.3 million, up from $67.5 million in 2015, which topped analyst estimates by $2.5 million. Net income rose from $2.1 million Read More →

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Tri-county airports jockey for more daily flights

By   /  Friday, November 4th, 2016  /  Columns, Latest news, Tourism  /  Comments Off on Tri-county airports jockey for more daily flights

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Dignity Health plans merger with Catholic Health Initiatives

By   /  Monday, October 24th, 2016  /  Central Coast Health Watch, Latest news  /  Comments Off on Dignity Health plans merger with Catholic Health Initiatives

San Francisco-based Dignity Health plans to merge with Colorado-based Catholic Health Initiatives in a deal that would combine a couple of the largest nonprofit providers in the country, Dignity announced on Oct. 24. Dignity Health owns five hospitals in the Tri-Counties, including Arroyo Grande Community Hospital, French Hospital Medical Center in San Luis Obispo, St. Read More →

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Return of Gold’s Gym has ex-members pumped

By   /  Friday, October 21st, 2016  /  Columns, Latest news, Real Estate  /  Comments Off on Return of Gold’s Gym has ex-members pumped

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Montecito Bank & Trust net income down but loan, deposit growth strong

By   /  Tuesday, October 18th, 2016  /  Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Montecito Bank & Trust net income down but loan, deposit growth strong

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 Read More →

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