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By Marlize van Romburgh / 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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By Marlize van Romburgh / Friday, March 28th, 2014 / Real Estate, South Coast, Tri-County Economy / Comments Off on Deckers takes Apple-store strategy with Goleta shops
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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By Staff Report / 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 →
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By Marlize van Romburgh / Friday, March 21st, 2014 / Banking & Finance, Banking Industry, Real Estate, Top Stories / Comments Off on Cashing out: Bank of America consolidates Simi operations
Bank of America has shed a 1 million-square-foot portfolio of former Countrywide Financial Corp. office buildings for $200 million and plans to consolidate its Simi Valley campus.
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By Staff Report / Tuesday, March 18th, 2014 / Banking & Finance, Law & Goverment, Real Estate, Technology, Top Stories, Tri-County Public Companies / Comments Off on Move sues after Realtor.com chief leaves for rival Zillow
Move Inc., operator of Realtor.com, has sued a former employee and much-larger competitor Zillow, alleging theft of trade secrets.
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By Staff Report / Monday, March 17th, 2014 / Nonprofits, Real Estate, Tourism / Comments Off on Michael and Anne Towbes give $5M to Granada Theatre group
Developer and banker Michael Towbes and his wife, Anne, have made a $5 million gift to the Santa Barbara Center for the Performing Arts. The gift is irrevocable, the organization said in a March 17 announcement, and is in addition to the $15 million the couple has previously given to SBCPA.
