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A new addition to Santa Barbara’s courthouse corridor

By   /  Monday, October 18th, 2010  /  Columns, Real Estate  /  Comments Off on A new addition to Santa Barbara’s courthouse corridor

As one of the only ground-up buildings to be constructed in Santa Barbara’s downtown core in years, the new law office complex at 1100 Santa Barbara St. is something of an anomaly. Also rare is the $1.3 million price tag and eight-month construction time line — the 6,000-square-foot project was under budget and ahead of Read More →

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Pacific Capital gets delisting warning

By   /  Wednesday, October 13th, 2010  /  Banking & Finance, Banking Industry, Latest news, Tri-County Public Companies  /  Comments Off on Pacific Capital gets delisting warning

Pacific Capital Bancorp said in an Oct. 13 filing with the U.S. Securities and Exchange Commission that the Nasdaq stock market has told it to get its stock price back above $1 before April 6, 2011, or potentially be delisted. The Santa Barbara-based banking firm — the holding company for Santa Barbara Bank & Trust Read More →

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Southwest on South Coast: A LUV story

By   /  Monday, October 11th, 2010  /  Columns, Opinion  /  Comments Off on Southwest on South Coast: A LUV story

At Santa Barbara Municipal Airport these days, construction crews are making progress on a $60  million expansion. When it opens next spring, the airport will get a new, two-story terminal, waiting areas that actually have bathrooms and five gates served by jetways. Thirteen hundred miles away in Dallas, the nation’s most profitable airline is also in Read More →

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Major shareholders file suit against Occam

By   /  Thursday, October 7th, 2010  /  Banking & Finance, Latest news, Technology, Tri-County Public Companies  /  Comments Off on Major shareholders file suit against Occam

A group of shareholders who between them own about 19 percent of Occam Networks filed suit Oct. 6 against Occam’s board of directors to stop the proposed acquisition of the company by Calix. In a news release announcing the suit, the investors — who include legendary hedge fund manager Michael Steinhardt — claim the $171 Read More →

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Colleges of Law’s new era

By   /  Monday, October 4th, 2010  /  Top Stories  /  Comments Off on Colleges of Law’s new era

The Santa Barbara and Ventura Colleges of Law’s agreement with a Chicago-based nonprofit could bring federal student aid, online classes and the option of joint degrees to the campuses. The Colleges of Law said Sept. 21 that it is teaming up with TCS Education System, an organization that owns three professional schools, including the Santa Read More →

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Santa Barbara approves TBID

By   /  Monday, October 4th, 2010  /  Latest news  /  Comments Off on Santa Barbara approves TBID

The Santa Barbara City Council voted Sept. 28 to establish a “tourism business improvement district,” which will collect fees from 88 different hotels and use them to fund a regional marketing campaign. The measure places a surcharge, on top of the existing bed tax, of between 50 cents and $2 per night, depending on the Read More →

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Revisiting a bank acquisition, one year later: Bank of SB hits 54% asset growth

By   /  Monday, October 4th, 2010  /  Banking & Finance, Banking Industry  /  Comments Off on Revisiting a bank acquisition, one year later: Bank of SB hits 54% asset growth

One of the Tri-Counties’ smallest banks has made a sizeable rebound in the 10 months since a team of Santa Barbara investors purchased it from its former Michigan parent. The Bank of Santa Barbara, which came under local ownership in November 2009, has seen deposits jump 80 percent year-over-year as assets climbed more than 54 Read More →

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