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Montecito has no cheap fix for drought

By   /  Friday, March 27th, 2015  /  Agribusiness, Latest news, Top Stories  /  Comments Off on Montecito has no cheap fix for drought

Mounting water deficits are forcing smaller communities in the Tri-Counties to take drastic action to cope with the state’s worst drought in decades.

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Conservative commentator trims his Montecito empire

By   /  Friday, February 6th, 2015  /  Columns, Latest news, Real Estate, Top Stories  /  Comments Off on Conservative commentator trims his Montecito empire

Saturday Night Live alum Dennis Miller sold one of his Montecito real estate holdings for $11.5 million.

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Miramar green-lighted, but Caruso not happy with restrictions

By   /  Thursday, January 22nd, 2015  /  Latest news, Real Estate, South Coast, Top Stories, Tourism  /  Comments Off on Miramar green-lighted, but Caruso not happy with restrictions

At a Jan. 21 Montecito Planning Commission meeting that lasted well into the evening, developer Rick Caruso was ultimately given the OK for his redesigned Miramar project. However, the commission attached a few conditions to the approval, which didn’t sit well with the founder of one of the largest privately held real estate companies in Read More →

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Montecito property sells for $13M

By   /  Thursday, October 30th, 2014  /  Latest news, Real Estate, South Coast  /  Comments Off on Montecito property sells for $13M

Montecito’s Coast Village Road continues to be a hot spot for commercial real estate investment as the Coast Village Plaza recently traded hands for $13 million in off-market deal. The property is home to Giovanni’s, UPS Store, Sequel Salon, DaniBoy, The Tennis Shop, Riviera Smiles, Norvell Bass Cleaners, Richie the Barber and Scoops Gelato, among Read More →

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Caruso pushes forward with scaled-back Miramar plans

By   /  Thursday, July 31st, 2014  /  Real Estate, South Coast, Top Stories, Tourism, Tri-County Economy  /  1 Comment

  Los Angeles real estate magnate Rick Caruso is amending his plans for the multimillion-dollar revival of Miramar Beach Resort & Bungalows in Montecito to include a little more shrinkage. Caruso Affiliated received approval for the hotel in March 2011 after a years-long hearing process in which Seinfeld actress Julia Louis-Dreyfus, a neighbor of the Read More →

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Lawsuit alleges Montecito man sold stocks despite FINRA ban

By   /  Saturday, April 19th, 2014  /  Banking & Finance, Personal Finance, South Coast, Top Stories, Tri-County Economy  /  Comments Off on Lawsuit alleges Montecito man sold stocks despite FINRA ban

A Montecito man is facing allegations that he sold money-losing stock to clients and gave them flawed financial advice despite being banned from brokering securities by industry regulators. A lawsuit filed in Santa Barbara County Superior Court on April 3 alleges that Elias Argyropoulos and his Coast Village Road company, Prima Capital Group, assured investor Read More →

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Montecito’s Starbucks center sells for $14.5M

By   /  Monday, April 7th, 2014  /  Real Estate, South Coast, Top Stories, Tri-County Economy  /  Comments Off on Montecito’s Starbucks center sells for $14.5M

The 13,800-square-foot retail center at 1046 Coast Village Road in Montecito has been purchased by a local couple for $14.5 million. (Photo courtesy of Radius Commercial Real Estate & Investments)

  The Starbucks-anchored retail center at 1046 Coast Village Road in Montecito has been sold to a local couple for $14.5 million. Montecito residents Deborah and James Longo purchased the 13,800-square-foot property in an off-market deal, according to Radius Commercial Real Estate & Investments. Along with the coffee shop, the other long-term tenants at the Read More →

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