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Updated: Parkers submit scaled-down plans for second waterfront hotel

By   /  Wednesday, December 18th, 2013  /  Real Estate, South Coast, Top Stories, Tourism, Tri-County Economy  /  Comments Off on Updated: Parkers submit scaled-down plans for second waterfront hotel

The family of late actor and developer Fess Parker has submitted initial concept drawings to the Historic Landmarks Commission for the property on Cabrillo Boulevard. The Parkers told the Business Times that they are moving forward with plans for an upmarket, boutique inn, which would be located next to the 360-room Fess Parker DoubleTree Resort.

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In the Zone: Investors cash out on redevelopment projects

By   /  Monday, December 16th, 2013  /  Real Estate, Restaurants, South Coast, Tri-County Economy  /  Comments Off on In the Zone: Investors cash out on redevelopment projects

Three recent commercial property sales totaling $20 million cap several years of investment and a burst of development in Santa Barbara’s Funk Zone area.

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Outside funds fuel county’s energy boom

By   /  Friday, December 13th, 2013  /  Central Coast, South Coast, Top Stories, Tri-County Economy  /  Comments Off on Outside funds fuel county’s energy boom

Santa Maria Energy’s deal to go public and bring its total funds raised to date to an estimated $90 million caps a flurry of renewed investment and activity in Santa Barbara County’s oil fields, both onshore and offshore. In addition to 136 wells that Santa Maria Energy has planned, Denver-based Venoco has proposals before regulators Read More →

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Rivals team up on Paso Robles water as lawsuit threat looms

By   /  Friday, December 13th, 2013  /  Agribusiness, Central Coast, Top Stories, Tri-County Economy, Wine & Viticulture  /  Comments Off on Rivals team up on Paso Robles water as lawsuit threat looms

An agreement reached by two of the groups jockeying to shape the future of a water district in Paso Robles wine country won’t stop two lawsuits that could lead to years in court and millions of dollars in legal fees to sort out the water basin’s woes.

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Salem buys Twitchy.com from Michelle Malkin

By   /  Tuesday, December 10th, 2013  /  Banking & Finance, East Ventura County, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Salem buys Twitchy.com from Michelle Malkin

Salem Communications said Dec. 10 that it has purchased startup Twitter curation website Twitchy.com from conservative political columnist Michelle Malkin for an undisclosed sum. Camarillo-based Salem runs dozens of Christian and conservative radio stations and websites including HotAir.com. It also publishes magazines and books under those themes.

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Lucas to retire from UCSB after 36 years

By   /  Tuesday, December 10th, 2013  /  Latest news, South Coast, Tri-County Economy  /  Comments Off on Lucas to retire from UCSB after 36 years

Gene Lucas, longtime executive vice chancellor of US Santa Barbara and a fixture on campus for more than three decades, will retire at the end of the year, the university said Dec. 10.

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Santa Maria Energy to raise $40M, go public

By   /  Thursday, December 5th, 2013  /  Central Coast, Top Stories, Tri-County Economy  /  Comments Off on Santa Maria Energy to raise $40M, go public

Santa Maria Energy is going public and raising at least $40 million in new capital — and possibly much more – which could put the firm’s total funds raised at an estimated $90 million.

Santa Maria Energy’s contentious project to drill 136 new oil wells in North Santa Barbara County received approval from the Santa Barbara County Board of Supervisors last month. The Supervisors imposed strict limits on the project’s carbon emissions, essentially implementing a 10,000-ton-per-year cap and requiring the company to buy carbon credits if it goes over that limit.