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Ryland beats Street on higher home sales

By   /  Thursday, January 29th, 2015  /  Earnings, Latest news, Real Estate, South Coast, Top Stories, Tri-County Public Companies  /  Comments Off on Ryland beats Street on higher home sales

Shares of the The Ryland Group finished trading up more than 8 percent Thursday after the company released fourth-quarter earnings with revenues up 24.7 percent, trumping analysts expectations.

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Carrillo Plaza flipped to investor for $12.2M

By   /  Monday, January 26th, 2015  /  Latest news, Real Estate, South Coast, Top Stories  /  Comments Off on Carrillo Plaza flipped to investor for $12.2M

Carrillo Plaza is located at 210 W. Carrillo Blvd. and was sold by Carrillo Holdings, a Santa Barbara-based real estate company. It has shed six Santa Barbara properties over the last 18 months.

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Tesla Motors takes charge on South Coast

By   /  Friday, January 23rd, 2015  /  Latest news, Real Estate, Top Stories  /  Comments Off on Tesla Motors takes charge on South Coast

The store will feature interactive touchscreens, design centers and other tools for buying and customizing made-to-order vehicles directly from the Palo Alto-based manufacturer.

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Pacifica Hotels makes bet on future of East Beach property

By   /  Friday, January 23rd, 2015  /  Latest news, Real Estate, Top Stories, Tourism  /  Comments Off on Pacifica Hotels makes bet on future of East Beach property

The proposal includes demolishing an existing 12,000-square-foot building to construct a 55,000-square-foot, 45-foot tall hotel at 926 Indio Muerto St.

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Jordano’s makes $10.6M real estate buy

By   /  Friday, January 23rd, 2015  /  Latest news, Real Estate, Top Stories  /  Comments Off on Jordano’s makes $10.6M real estate buy

On the drawing board is a new 102,000-square-foot regional distribution center on the property.

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Miramar green-lighted, but Caruso not happy with restrictions

By   /  Thursday, January 22nd, 2015  /  Latest news, Real Estate, South Coast, Top Stories, Tourism  /  Comments Off on Miramar green-lighted, but Caruso not happy with restrictions

At a Jan. 21 Montecito Planning Commission meeting that lasted well into the evening, developer Rick Caruso was ultimately given the OK for his redesigned Miramar project. However, the commission attached a few conditions to the approval, which didn’t sit well with the founder of one of the largest privately held real estate companies in Read More →

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Santa Barbara’s shortage of housing takes center stage

By   /  Friday, January 16th, 2015  /  Columns, Latest news, Real Estate, Top Stories  /  Comments Off on Santa Barbara’s shortage of housing takes center stage

According to the National Association of Home Builders, Santa Barbara County is the one of the least affordable housing markets in the nation.