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Hotel Oceana sells to Philadelphia firm for $41.7M

By   /  Thursday, March 6th, 2014  /  Real Estate, Top Stories, Tourism  /  Comments Off on Hotel Oceana sells to Philadelphia firm for $41.7M

Hersha Hospitality Trust said it purchased the 122-room Santa Barbara hotel as part of a strategy to get into one of the “highest-demand gateway markets in the United States.”

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Sonos headquarters sold after listing for $21.5M

By   /  Monday, March 3rd, 2014  /  Real Estate, South Coast, Top Stories, Tri-County Economy  /  Comments Off on Sonos headquarters sold after listing for $21.5M

The 47,000-square-foot building at 25 E. Mason St. in Santa Barbara’s Funk Zone has been sold to an unnamed investor for an undisclosed amount. The property was listed for $21.5 million.

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Yardi acquires self-storage management platform

By   /  Monday, March 3rd, 2014  /  Latest news, Real Estate, Technology  /  Comments Off on Yardi acquires self-storage management platform

Goleta-based real estate software firm Yardi Systems has acquired Centershift, maker of a cloud-based platform for self-storage facilities. Terms of the deal were not disclosed.

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Crossroads Center developer sues Best Buy over growth plans

By   /  Friday, February 28th, 2014  /  Central Coast, Law & Goverment, Real Estate, Tri-County Economy  /  Comments Off on Crossroads Center developer sues Best Buy over growth plans

In a suit filed last month in Santa Barbara County Superior Court, developer Santa Maria Associates 101 is suing Best Buy Stores and asking a court to affirm its rights to develop new pads in the center, which is located at Highway 101 and East Betteravia Road.

Latest

LTC earnings jump 14.7%

By   /  Friday, February 21st, 2014  /  Banking & Finance, Earnings, Latest news, Real Estate  /  Comments Off on LTC earnings jump 14.7%

LTC Properties’ fourth-quarter profits jumped 14.7 percent to $13.7 million, or 40 cents per diluted share, it said on Feb. 20.

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Nipomo oil refinery fight bubbles over

By   /  Friday, February 21st, 2014  /  Central Coast, Real Estate, Top Stories, Tri-County Economy  /  Comments Off on Nipomo oil refinery fight bubbles over

A fight over expansion at an oil refinery near Nipomo has taken shape, with the source of new oil and a potential clash between federal and county regulation of railroads emerging as key issues.

Latest

Wells Fargo wealth managers move into new LEED offices

By   /  Friday, February 21st, 2014  /  Columns, Real Estate  /  Comments Off on Wells Fargo wealth managers move into new LEED offices

The Private Bank at Wells Fargo has moved into 10,000 square feet of shiny new digs at 118 Carrillo St. in Santa Barbara.