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South Coast housing demand drives demolition of State Street hotel

By   /  Friday, June 13th, 2014  /  Real Estate, South Coast, Top Stories, Tri-County Economy  /  Comments Off on South Coast housing demand drives demolition of State Street hotel

Plans to bulldoze a profitable hotel on Upper State Street in Santa Barbara are moving forward as pent-up demand for housing means South Coast developers can price middle-market condos in the $1 million range.

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Upper State Street office building sells for $10 million

By   /  Thursday, June 12th, 2014  /  Real Estate, Top Stories  /  Comments Off on Upper State Street office building sells for $10 million

  The building anchored by Citibank at 3757 State St. in Santa Barbara has been sold for just shy of $10 million, marking the largest sale of an office property on upper State Street since 2005, according to brokers behind the deal. The buyer and seller were not disclosed. The 20,000-square-foot building, which retains a long-term Read More →

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Natural Café banks on new locations for growing chain

By   /  Friday, June 6th, 2014  /  Columns, Real Estate, Restaurants, South Coast, Tourism  /  Comments Off on Natural Café banks on new locations for growing chain

Kelly Brown is the first to admit that he let the success of his restaurant empire cloud his judgement. As a free-spirited young chef, Brown lived on a boat in the Santa Barbara harbor so that he could build equity to start his own business. Twenty-one years ago, he launched Natural Café in Santa Barbara, hoping to offer a laidback sit-down restaurant focused on affordable, unpretentious and health-conscious food.

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Get a move on: StartupWeekend winner taps sharing economy for moving

By   /  Friday, June 6th, 2014  /  Small Business, South Coast, Technology, Top Stories, Tri-County Economy  /  Comments Off on Get a move on: StartupWeekend winner taps sharing economy for moving

Moving is never fun, but a Santa Barbara startup is hoping to make it a little less stressful by connecting people who need to move with nearby truck owners looking to earn extra money. NextMover bills its service, which launched earlier this year, as “your friend with a truck.”

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FindTheBest wins patent battle costs

By   /  Monday, June 2nd, 2014  /  Law, South Coast, Technology, Tri-County Economy  /  Comments Off on FindTheBest wins patent battle costs

Summerland-based FindTheBest has won what a federal judge called a “frivolous” and “objectively unreasonable” patent lawsuit against it and will recoup its costs from its opponent. Last summer, Delaware-based Lumen View Technology sued FindTheBest over a patent on matching user preference data. That patent was invalidated late last year, and Judge Denise Cote ruled on Read More →

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QAD shares soar on narrower Q1 loss

By   /  Friday, May 30th, 2014  /  Banking & Finance, South Coast, Technology, Tri-County Public Companies  /  Comments Off on QAD shares soar on narrower Q1 loss

Shares of software firm QAD shot up almost 7 percent in midday trading on Friday after the company reported a smaller first-quarter loss. Santa Barbara-based QAD posted a quarterly loss of $76,000, or 1 cent per Class A share and break-even for Class B shares, compared to a loss of $1.3 million a year earlier. Read More →

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‘Sideways’ and up: Santa Ynez Valley readies for film’s 10th anniversary

By   /  Friday, May 30th, 2014  /  Central Coast, Small Business, South Coast, Top Stories, Tourism, Tri-County Economy, Wine & Viticulture  /  Comments Off on ‘Sideways’ and up: Santa Ynez Valley readies for film’s 10th anniversary

“I woke up and everything was different,” said Frank Ostini, owner of The Hitching Post II. “Reservation requests at the restaurant literally tripled and we’ve never looked back.”

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