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Last indie grocer leaves SLO as Whole Foods buys New Frontiers

By   /  Friday, April 4th, 2014  /  Central Coast, Real Estate, Top Stories, Tri-County Economy  /  Comments Off on Last indie grocer leaves SLO as Whole Foods buys New Frontiers

The sale sets the stage for Whole Foods’ first Central Coast store but also marks the departure of San Luis Obispo’s last independently owned grocery chain.

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Coastal Commission sea-level rules could erode property rights

By   /  Friday, April 4th, 2014  /  Central Coast, East Ventura County, Green Coast, Real Estate, South Coast, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on Coastal Commission sea-level rules could erode property rights

The seas are rising, threatening billions of dollars of California’s coastal real estate. But the question of whether property owners can armor against the waves or must fall back as their holdings wash away is at the heart of an obscure policy document making its way through the California Coastal Commission. The rules would require Read More →

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Vandenberg apartments sell in Lompoc area’s largest deal in 3 years

By   /  Monday, March 31st, 2014  /  Central Coast, Latest news, Real Estate, Top Stories, Tri-County Economy  /  1 Comment

  A 122-unit apartment complex near Vandenberg Air Force Base in Lompoc has been sold after listing for $14 million. The sale of the Vandenberg Garden Apartments marks the largest sale of multifamily property in north Santa Barbara County since La Vista in Santa Maria changed hands in 2011 for $42 million, according to Radius Read More →

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Whole Foods buys New Frontiers in SLO for first Central Coast store

By   /  Monday, March 31st, 2014  /  Central Coast, Real Estate, Top Stories, Tri-County Economy  /  Comments Off on Whole Foods buys New Frontiers in SLO for first Central Coast store

  Grocery giant Whole Foods Market has purchased the New Frontiers Natural Marketplace in San Luis Obispo, setting the stage for its first Central Coast store. Austin-based Whole Foods announced on March 31 that it has purchased the New Frontiers stores in San Luis Obispo and in Flagstaff, Prescott and Sedona, Ariz. Terms of the Read More →

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Santa Barbara firms team up to buy Avila Beach hotel project

By   /  Friday, March 28th, 2014  /  Central Coast, Real Estate, Top Stories, Tourism, Tri-County Economy  /  Comments Off on Santa Barbara firms team up to buy Avila Beach hotel project

The project, which has not yet started to wind its way through what will likely be a lengthy entitlement process, is the second investment by Somera Management and Postcard Properties in south SLO County.

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Deckers takes Apple-store strategy with Goleta shops

By   /  Friday, March 28th, 2014  /  Real Estate, South Coast, Tri-County Economy  /  Comments Off on Deckers takes Apple-store strategy with Goleta shops

Deckers Outdoor Corp. has opened retail stores for its footwear brands at its new campus headquarters in Goleta. The Ugg boot parent's stock spiraled on Feb. 28, after the company predicted a first-quarter loss stemming from costs to build out company-owned Ugg stores around the world. (courtesy photo)

The flagship store features Deckers’ footwear brands and highlights its recent efforts to build out its own retail infrastructure worldwide. It also shows off Deckers’ so-called “omnichannel” strategy, whereby shoppers can, for example, try shoes on in the store and complete their orders online.

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La Entrada to restart construction amid tourism tax boom

By   /  Tuesday, March 25th, 2014  /  Real Estate, South Coast, Top Stories, Tourism, Tri-County Economy  /  Comments Off on La Entrada to restart construction amid tourism tax boom

In another sign that the region’s tourism industry is entering boom times again, the city of Santa Barbara experienced double-digit growth in hotel taxes in the first eight months of its fiscal year. During the annual State of the City breakfast on March 24, City Manager Jim Armstrong said that Transient Occupancy Tax, or TOT, Read More →