Ontare Plaza, a small retail center at 3601-3607 State St. in Santa Barbara, has been sold for $3.1 million. Leisure & Carpenter Properties purchased the 4,855-square-foot property in a 1031 exchange, a Lee & Associates spokesperson told the Business Times. Clarice Clark and Stephen Leider of Lee & Associates negotiated the deal for the seller, Read More →
The Port of Hueneme in Ventura County posted its best-ever year for international trade and its second-highest year on record for domestic and global trade combined, it said Sept. 22. Auto exports, up 30 percent year-over-year, led the surge during the port’s 2013-14 fiscal year. Total tonnage moving through the port during the year was Read More →
Tutor Perini Corp. has been selected to head up construction of the Santa Ynez Band of Chumash Indians’ controversial hotel expansion project. The building contract for the property at 3400 E. Highway 246 in Santa Ynez is valued at $112 million, Sylmar-based Tutor Perini said in a statement. It’s the first time a dollar Read More →
The Golden State has been outpacing the U.S. in job creation over the last three years, but all is not well. Skyrocketing housing costs mean that with a few exceptions clustered around the tech boom, California’s coastal counties are retirement havens, not entrepreneurship hubs. That’s the view from Bill Watkins, director of the California Economic Read More →
With Santa Barbara-based breast implant maker Sientra’s Sept. 19 announcement that it plans to raise up to $86.2 million, the IPO has returned to the Tri-Counties in a big way. Sientra’s filing is the fourth initial public offering announced in the region this year, joining completed deals at Goleta-based Inogen and Santa Barbara-based Resonant for Read More →
Champions of the Thousand Oaks Boulevard Specific Plan are feverishly optimistic in their expectations for the future of the three-mile-long, mostly commercial corridor. But some remaining constraints are putting all eyes on the fate of one particular project — developer Rick Principe’s 53-unit mixed-use concept at 1850 Thousand Oaks Blvd.