Munger pledges $200M for UCSB student housing
A Montecito-based philanthropist pledged at least $200 million to build new student housing on the UC Santa Barbara campus and possibly create a new model for the entire UC system. Charles Munger, the 92-year-old vice chairman of Berkshire Hathaway, presented his plan at a recent UC Board of Regents meeting to replace existing dorms on Read More →
Industrial park project OK’d for Santa Barbara Airport
The future of the Santa Barbara Airport and its surrounding acreage — once a World War II Marine base and now a business hub — just got a little clearer. The Santa Barbara Architectural Board of Review recently gave a green light to a proposal to build a 50,046-square-foot light industrial park on 14 acres Read More →
$40 million apartment complex being built on upper State Street
Construction on a $40 million apartment development has begun on upper State Street, according to Los Angeles-based real estate investment company The Kor Group. The 89-unit complex at 3885 State St. will include one-, two- and three-bedroom residences ranging from 613 to 990 square feet. The Marc will feature onsite retail on the ground floor Read More →
Oxnard restaurateur can finally buy Heritage Square property
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Solar3D leaves sunny S.B. for Roseville to save money
Solar3D recently uprooted its corporate headquarters from Santa Barbara to Roseville, the home of its Sunworks subsidiary. While the move only relocates a handful of employees, the symbolism is significant. Solar3D is a publicly held solar-cell technology developer that had three to four employees at its 26 W. Mission St. office. It made sense from Read More →
State’s housing prices too high for middle-income residents
A housing shortage is driving the middle class out of California. Several reports from Next 10 and Beacon Economics illustrated the state’s growing housing to jobs imbalance. Housing prices will continue to climb unless cities and counties increase residential densities and streamline the permitting process, according to the reports. More people are leaving the state Read More →
Green bonds aid Santa Clara River flood control
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