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By Pacific Coast Business Times Staff / Monday, April 12th, 2010 / Top Stories / Comments Off on Bank, builder duel again
Santa Barbara contractor David Lack and Bank of Santa Barbara are at it again, and this time the builder has fired the latest round in his ongoing battle with the bank. On March 19, Lack Construction filed a lawsuit in Santa Barbara County Superior Court alleging that Bank of Santa Barbara, the firm’s creditor, had Read More →
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By Pacific Coast Business Times Staff / Monday, April 12th, 2010 / Top Stories / Comments Off on The future of the Valley
The battle lines for the future of the Santa Ynez Valley are drawn. On one side, the Santa Ynez Band of Chumash Indians put a $40 million recorded value on a 1,390-acre ranch it recently bought from the family of the late actor and Santa Barbara County developer Fess Parker. It’s a signal that the Read More →
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By Pacific Coast Business Times Staff / Monday, April 12th, 2010 / Top Stories / Comments Off on Business school battle shapes up in Santa Barbara
A three-way fight is breaking out to offer evening master’s of business administration classes in Santa Barbara. The latest entrant is Pepperdine University, which struck a sponsorship deal April 8 with the University of California, Santa Barbara, Alumni Association to tap the association’s events and e-mails to advertise the school’s nighttime MBA program in Westlake Read More →
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By Pacific Coast Business Times Staff / Monday, April 12th, 2010 / Columns / Comments Off on $10M State Street Borders deal is a bright spot in a dull market
The $10 million sale of 900 State St. in Santa Barbara makes for the largest retail real estate deal in the city in more than two years, but the outlook for the South Coast’s commercial real estate market remains shaky. The 38,000-square-foot retail space where Borders bookstore is housed was sold on April 5 to Read More →
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By Pacific Coast Business Times Staff / Monday, April 12th, 2010 / Columns / Comments Off on Novel plan may speed green building
A new way of financing energy efficiency upgrades in buildings is gathering steam across Santa Barbara County and headed for a vote by supervisors on April 13. Called emPowerSBC, the program allows property owners to borrow money from a funding pool set up by the county, install upgrades such as solar and pay off the Read More →
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By Pacific Coast Business Times Staff / Monday, April 12th, 2010 / Uncategorized / Comments Off on Hotel could change hands
The 135-room Country Inn & Suites in Port Hueneme might change hands soon as its owners face foreclosure on $53.2 million in debt. The loan dispute is between two obscure partnerships that ultimately lead to the Royal Bank of Scotland and Credit Suisse, two of the largest investment banks in the world. It also represents Read More →
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By Pacific Coast Business Times Staff / Sunday, April 11th, 2010 / Uncategorized / Comments Off on Wal-Mart revises plans
Wal-Mart has submitted a scaled-down revision for its plans to build a supercenter store in Atascadero, the Tribune reported. The retail giant now proposes a 123,112-square-foot retail and grocery building, including a pharmacy, although it will no longer be a drive-through, and a 6,448-square-foot outdoor garden center, the newspaper reported. A tire and lube express Read More →
