Radius Commercial Real Estate Group recently listed two industrial/office buildings totaling 27,200 square feet at 749 and 759 Ward Drive in Santa Barbara. One 17,200-square-foot building is available for a 58 cent-per-square-foot lease until October 2016 when the owner will begin a $2 million-plus renovation. Both buildings will be ready in early 2017, according to Read More →
By Henry Dubroff / Friday, August 28th, 2015 / Columns / Comments Off on Straight talk from China would calm stock market turbulence
What a difference a week makes. A mid-August meltdown in the Chinese stock market suddenly went global, putting major U.S. averages in meltdown mode. Federal Reserve Bank of New York President Bill Dudley put it bluntly on Aug. 26, suggesting at a news conference that the case for raising interest rates in September is now Read More →
By pacbiztimes / Friday, August 28th, 2015 / Columns, Real Estate / Comments Off on Buellton hotel project secures funding to begin construction
A Buellton hotel project recently secured $14 million to start construction. The Los Angeles-based real estate investment company Lowe Enterprises Investors gave a $13.99 million construction loan to Ocean Park Hotels, a hotel construction company in Monterey, to fund building a Hampton Inn and Suites at 600 McMurray Road. The three-story, 99-unit property that will Read More →
By Staff Report / Friday, August 28th, 2015 / Columns, Nonprofits / Comments Off on 20 nonprofits selected for Fast Pitch SB training program
Social Venture Partners Santa Barbara has announced the group of 20 nonprofits selected to participate in Fast Pitch SB, a communications-training program dubbed by Bill Gates as “a clever way to connect early-stage nonprofits and social entrepreneurs with potential funders.” Organizations that inspire social good will be awarded $45,000 at the final event Oct. 15 Read More →
By Henry Dubroff / Friday, August 21st, 2015 / Columns, Latest news / Comments Off on In memoriam: Former Westmont President David Winter
I got to know David Winter shortly after the Business Times had begun production in the spring of 2000. We had hired a recent Westmont graduate, Laura Polland, who turned out to be a terrific writer and our founding technology editor. And we’d been encouraged to reach out to Westmont by Ed Birch, who was Read More →
By Henry Dubroff / Friday, August 21st, 2015 / Columns / Comments Off on China finds out the hard way that it isn’t easy to knock off No. 1
China’s sudden move to devalue its currency earlier this month has caused a lot of hand-wringing and cost hedge funds a ton of money. But it also teaches a lesson that often is learned painfully — it’s easy to lose your way when you try to be No. 1. That’s why I think the yuan Read More →
By pacbiztimes / Friday, August 21st, 2015 / Columns, Real Estate / Comments Off on High-end grocers consider leasing downtown Santa Barbara space
Several high-end specialty grocers are interested in a 3-acre lot in downtown Santa Barbara. The space at 301 E. Yanonali St., where StoneYard Building Materials currently operates, is available for lease, Pamela Scott told the Business Times. Scott is an agent at the Santa Barbara-based commercial real estate company Lee & Associates. The proposed project Read More →
