With Cisco
The recession has sped up the U.S. economy’s ongoing shift from forging iron to moving electrons and ones and zeros. That will become clear June 8, when the Dow Jones Industrial Average kicks out General Motors and replaces it with Internet backbone giant Cisco. Dow Jones announced the move — along with the replacement of Read More →
Crackdown on bank lending has trickle-down effect on property
Today’s economy demands a hard, objective look at cash flow, a company’s debt service and leasehold/rent costs before a business can legitimately qualify for a sale or financing opportunities as outlined by new Small Business Administration guidelines. At least that’s what Randall Barondess says. Barondess, director of the Thousand Oaks-based Business Brokerage Division of Troop Read More →
These cuts will wilt small businesses
With Gov. Arnold Schwarzenegger cutting $5 billion in direct spending to avert insolvency, it is clear that California’s budget crisis will now have a direct and large cost to area businesses. Thousands of retail shops and restaurants across the Tri-Counties will feel an impact from the cuts. Ditto contractors and businesses that provide services to Read More →
Westlake Medical Center 80% pre-leased after $1M renovation
The million-dollar renovation of the Westlake Medical Center has been completed, and 80 percent of the building’s space has been pre-leased. The two-story, 30,000-square-foot Westlake Medical Center is located within an established medical environment on Agoura Road in Westlake Village. Tony Principe, president of Westlake Village-based Westcord Commercial Real Estate Services, marketing agent for owners Read More →
Power play: UCSB seeks green solutions
You don’t always know an energy product when you see it. With those and a few other well-chosen words, University of California, Santa Barbara, College of Engineering Dean Matt Tirrell kicked off one of the most promising technology events on campus in the past decade. That event was the May 20 Santa Barbara Summit of Read More →
Santa Barbara company finds opportunity after smoke clears
At least one Santa Barbara business may get a boost in the wake of the Jesusita Fire’s destruction. Robert Irvine, construction project manager with Santa Barbara-based project consulting firm Process PCS, said home renovation and property redevelopment promises to be one of the bright spots in a year marred by economic turmoil and plummeting home Read More →
Jesusita tests region
Santa Barbara is the kind of place that in normal times wraps visitors in a warm, soft, fuzzy cocoon. Even on the hottest days of summer, there’s a coolness in the air that cuts through the sunshine. But the cocoon that wrapped its arms around the city for 96 hours starting May 5 was not Read More →
