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Last indie grocer leaves SLO as Whole Foods buys New Frontiers

By   /  Friday, April 4th, 2014  /  Central Coast, Real Estate, Top Stories, Tri-County Economy  /  No Comments

Austin-based natural grocer Whole Foods Market has purchased the New Frontiers store in San Luis Obispo for its first Central Coast location. (Whole Foods media photo)

The sale sets the stage for Whole Foods’ first Central Coast store but also marks the departure of San Luis Obispo’s last independently owned grocery chain.

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Region presses ‘play’ on $60M film production industry

By   /  Friday, March 28th, 2014  /  Central Coast, East Ventura County, South Coast, Top Stories, Tourism, Tri-County Economy, West Ventura County  /  No Comments

Paul Giamatti, left, and Thomas Haden Church portrayed two friends on a roadtrip through Santa Barbara County wine country in the 2004 Oscar-winning film "Sideways."

Film and television production reels in an estimated $60 million for the region each year, and the industry’s impact on the Tri-Counties is likely to rise as tourism groups in each of the three counties ramp up their outreach to Hollywood.

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Santa Barbara firms team up to buy Avila Beach hotel project

By   /  Friday, March 28th, 2014  /  Central Coast, Real Estate, Top Stories, Tourism, Tri-County Economy  /  No Comments

Santa Barbara-based Somera Capital Management and Postcard Properties purchased a 23-acre undeveloped waterfront parcel in Avila Beach. The property has long been planned as a hotel development. (photo courtesy of Richardson Properties)

The project, which has not yet started to wind its way through what will likely be a lengthy entitlement process, is the second investment by Somera Management and Postcard Properties in south SLO County.

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Deckers takes Apple-store strategy with Goleta shops

By   /  Friday, March 28th, 2014  /  Real Estate, South Coast, Tri-County Economy  /  No Comments

Deckers Outdoor Corp. has opened retail stores for its footwear brands at its new campus headquarters in Goleta. The Ugg boot parent's stock spiraled on Feb. 28, after the company predicted a first-quarter loss stemming from costs to build out company-owned Ugg stores around the world. (courtesy photo)

The flagship store features Deckers’ footwear brands and highlights its recent efforts to build out its own retail infrastructure worldwide. It also shows off Deckers’ so-called “omnichannel” strategy, whereby shoppers can, for example, try shoes on in the store and complete their orders online.

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Developer’s vision for upscale Shoppes at Westlake takes hold

By   /  Friday, March 21st, 2014  /  Columns, East Ventura County, Real Estate, Tri-County Economy  /  No Comments

Total Woman Gym has signed up for 15,000 square feet in the new Shoppes at Westlake Village development, which will also include a number of regionally owned restaurants.

The 243,500-square-foot Shoppes at Westlake Village center is now 75 percent pre-leased, four months ahead of a ribbon-cutting.

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Cashing out: Bank of America consolidates Simi operations

By   /  Friday, March 21st, 2014  /  Banking & Finance, Banking Industry, Real Estate, Top Stories  /  No Comments

Bank of America has shed a 1 million-square-foot portfolio of former Countrywide Financial Corp. office buildings for $200 million and plans to consolidate its Simi Valley campus.

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Oxnard sues ex-officials over retirement perk

By   /  Wednesday, March 19th, 2014  /  Law, Top Stories, Tri-County Economy, West Ventura County  /  No Comments

Oxnard’s city attorney is trying to claw back $101,400 from seven city officials who benefited from an allegedly illegal retirement perk set up by Ed Sotelo, the former city manager at the heart of a corruption probe that began in 2010.

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