Sale of State St. building second-largest this year
Santa Barbara’s State Street saw its second largest retail sale this year as the former home of Left at Albuquerque was sold. Although the terms of the sale were not disclosed, the 5,753-square-foot building at 700 State St. was listed for $4.1 million. Broker Michael Chenoweth of Radius Group represented the owner and Mike Heisheima Read More →
Brand guru pitches "Oxnard Shores," the international city
The consultant hired to develop a new brand for Oxnard recommends building an “international city” theme, centering the downtown area around a “public market,” and changing the city’s name to “Oxnard Shores.” Those were the highlights of a July 22 presentation by Roger Brooks of Destination Development International, the “destination branding” firm hired by the Read More →
Cal Poly delays launch of Santa Barbara MBA program
Cal Poly San Luis Obispo will continue to recruit students for its master’s of business administration program in Santa Barbara but the launch date has been delayed. Officials at the Orfalea College of Business said they had been asked by the office of the Chancellor of the California State system to delay the launch. "We Read More →
South Coast leaders vow to seek new San Jose airline service
Santa Barbara Municipal Airport will offer incentives to lure a new carrier to offer routes to and from San Jose, but service isn’t likely to return soon. That was the message from airport director Karen Ramsdell at a July 21 meeting of 50 business and community leaders, hosted by Citrix Online in Goleta. Business leaders Read More →
Mall on the market: Simi Town Center owner looks to reduce its debt
With the Simi Valley Town Center on the market, investors have the chance to buy one of the region’s largest and newest shopping malls at a discount from its $166 million construction cost. A real estate marketing firm announced in late June that the center was up for sale, just five years after it was Read More →
TMC Communications acquired
Santa Barbara-based TMC Communications announced July 7 that it had agreed to an acquisition offer by Globalinx, a telecommunications company in Rochester, N.Y. The deal is expected to close in 90 days. Terms were not disclosed. Globalinx will keep TMC’s Santa Barbara office but will re-brand it under its own name. TMC employees will stay Read More →
Editorial: A tasty billion as CKE goes private
It’s always hard to swallow the loss of a publicly traded company. But that’s what happened on July 12, when CKE Restaurants went private after tossing in the napkin and agreeing to be gobbled up by an affiliate of Wall Street financier Leon Black’s Apollo Management empire. We’ll take a minute to wish CEO Andy Read More →
