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Santa Barbara’s Saks building sells for $15 million

By   /  Monday, December 21st, 2015  /  Latest news, Real Estate, South Coast, Top Stories  /  Comments Off on Santa Barbara’s Saks building sells for $15 million

The Saks OFF 5TH building in downtown Santa Barbara was sold to a private out-of-the-area investor for more than $15 million, Lee & Associates recently announced. The nearly 47,000-square-foot property at the corner of State and Carrillo streets represents a continuing trend of discount retailers snatching up valuable downtown space. Saks Fifth Avenue had been Read More →

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SESLOC opening branch in Santa Maria

By   /  Friday, December 18th, 2015  /  Banking & Finance, Banking Industry, Central Coast, Latest news  /  Comments Off on SESLOC opening branch in Santa Maria

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Uber Wine tough competition for tour operators

By   /  Friday, December 18th, 2015  /  Central Coast, Columns, Latest news, Wine & Viticulture  /  1 Comment

Wine country tour operators in Santa Barbara and San Luis Obispo counties have a formidable new competitor. Since April, Uber has been offering Uber Wine, a ride-sharing service to wineries and tasting rooms in the two counties. Michael Amodeo, a spokesman for Uber, said the company has provided thousands of rides to customers looking for Read More →

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Judge orders Highway 101 widening project EIR to be redrafted

By   /  Thursday, December 17th, 2015  /  Latest news, Law, Top Stories  /  Comments Off on Judge orders Highway 101 widening project EIR to be redrafted

A Santa Barbara County Superior Court judge ruled that part of the Highway 101 Widening Project Environmental Impact Report needs to be recalculated, but the decision is not expected to significantly delay the project. The estimated $428 million fourth stage of the undertaking includes adding high occupancy vehicle lanes in both directions through the 10.3-mile Read More →

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Plains accused of misleading oil spill victims into signing away rights

By   /  Thursday, December 17th, 2015  /  Energy, Latest news, Top Stories  /  Comments Off on Plains accused of misleading oil spill victims into signing away rights

Plains All American Pipeline has allegedly been misleading those who seek compensation for losses they incurred following the Refugio oil spill, according to a motion filed in federal court on Dec. 15. The motion asserts that Plains is asking the claimants to forfeit the right to file or take part in any other claim in Read More →

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City National bank CEO heralds Fed decision to raise rates

By   /  Thursday, December 17th, 2015  /  Banking & Finance, Banking Industry, Latest news, Top Stories  /  Comments Off on City National bank CEO heralds Fed decision to raise rates

The Federal Reserve’s Dec. 16 decision to begin the long process of normalizing short-term interest rates got a thumbs up from one of Southern California’s most influential bankers. City National Bank CEO Russell Goldsmith heralded the decision to raise the benchmark short-term rate to 25 basis points from zero — the first rate hike in Read More →

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Regulators sued for oil pipeline info

By   /  Friday, December 11th, 2015  /  Energy, Latest news, Top Stories  /  Comments Off on Regulators sued for oil pipeline info

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