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Big firms check in to Santa Barbara hotel boom

By   /  Friday, March 14th, 2014  /  Real Estate, South Coast, Top Stories, Tourism, Tri-County Economy  /  Comments Off on Big firms check in to Santa Barbara hotel boom

The 122-room Hotel Oceana on Santa Barbara’s waterfront has been purchased for $41.7 million by a Philadelphia investment trust that wants to expand on the West Coast. (Alex Drysdale / Business Times photo)

A Philadelphia company’s $41.7 million purchase of Hotel Oceana in Santa Barbara signals that large out-of-town investors are betting on a major boom in South Coast tourism.

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Angling for change: Bren School startup serves up new model for sustainable seafood

By   /  Friday, March 14th, 2014  /  Agribusiness, Green Coast, Small Business, South Coast, Top Stories, Women Inc.  /  1 Comment

Norah Eddy, left, and Laura Johnson are founders of Salty Girl Seafood. The startup, spun out of the UC Santa Barbara Bren School of Environmental Science and Management, aims to make it easier for restaurants to source seafood directly from fishermen. (Alex Drysdale / Business Times photo)

A team of UCSB graduate students has created an online marketplace where restaurants and fishermen can connect directly to buy sustainable, traceable seafood.

Latest

QAD profits slip despite record revenue

By   /  Thursday, March 13th, 2014  /  Banking & Finance, South Coast, Technology, Tri-County Economy, Tri-County Public Companies  /  Comments Off on QAD profits slip despite record revenue

Summerland-based QAD’s profits in its most recent fiscal year dipped 3.8 percent to $6.4 million, or 41 cents per Class A share and 34 cents per Class B share.

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Santa Maria chamber CEO Bob Hatch to retire

By   /  Tuesday, March 11th, 2014  /  Central Coast, Top Stories, Tri-County Economy  /  Comments Off on Santa Maria chamber CEO Bob Hatch to retire

Bob Hatch is retiring after 20 years as president and CEO of the Santa Maria Valley Chamber of Commerce, the largest business group in North Santa Barbara County.

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Clean Diesel shares soar on Acura contract

By   /  Tuesday, March 11th, 2014  /  Banking & Finance, Banking Industry, Technology, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on Clean Diesel shares soar on Acura contract

Clean Diesel said it has begun production of a new series of catalytic-emissions reduction products for the 2015 version of Honda’s gasoline-powered Acura TLX models. The announcement sent the Ventura-based firm’s shares soaring 74 percent higher in trading on March 11.

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Investor snaps up Sonos R&D facility in largest deal in 7 years

By   /  Friday, March 7th, 2014  /  Real Estate, South Coast, Top Stories, Tri-County Economy  /  Comments Off on Investor snaps up Sonos R&D facility in largest deal in 7 years

A 47,000-square-foot property in Santa Barbara that music equipment maker Sonos leases for its world research and development headquarters has been sold for a reported $17.2 million after being listed for $21.5 million.

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South Coast golfers trod parched courses amid drought

By   /  Friday, March 7th, 2014  /  Agribusiness, Central Coast, East Ventura County, Features, Green Coast, South Coast, Top Stories, Tourism, Tri-County Economy, West Ventura County  /  Comments Off on South Coast golfers trod parched courses amid drought

Rancho San Marcos, a par 71 course in the Santa Ynez Valley, said dry conditions are affecting business. The course’s general manager told the Business Times that the number of rounds played at the course is at 10 percent of normal. (Alex Drysdale / Business Times photo)

Some of the greens on the South Coast are starting to look a little brown as regional golf courses cut back on watering amid California’s worsening three-year drought.