Small-business sales make tentative recovery in region
By Marlize van Romburgh / Friday, December 14th, 2012 / Small Business, Top Stories, Tri-County Economy / Comments Off on Small-business sales make tentative recovery in region
The number of small businesses in the Tri-Counties that have changed hands so far this year is up 4.2 percent compared to the first 10 months of 2011, but the recovery varies widely by county. Statistics from BizBen.com, a clearinghouse that connects buyers, sellers and brokers of small businesses and franchises, show that in Ventura Read More →
Utilities chief touts renewables over nuclear
By Stephen Nellis / Monday, December 10th, 2012 / Green Coast, Latest news, Technology / Comments Off on Utilities chief touts renewables over nuclear
In order for California to meet its ambitious goals for carbon emissions reductions, environmental reviews might need to be loosened slightly for renewable energy projects, according to the state’s top utilities regulator. Michael Peevey, the president of the California Public Utilities Commission, gave a wide ranging talk at the Hank Lacayo Institute at CSU Channel Read More →
Amid job cuts, Union Bank rolls out plan
By Marlize van Romburgh / Friday, December 7th, 2012 / Banking & Finance, Banking Industry, Top Stories, Tri-County Economy, Tri-County Public Companies / Comments Off on Amid job cuts, Union Bank rolls out plan
Union Bank sent shockwaves through the region with the announcement that it will cut almost 500 Santa Barbara Bank & Trust jobs as it completes a $1.5 billion acquisition. But the rollout of the San Francisco-based lender’s vastly increased footprint in the region also creates new opportunities for middle-market companies to get debt financing, experts Read More →

Two tri-county hospitals get top safety grades
By Dana Olsen / Friday, December 7th, 2012 / Health Care & Life Science, Top Stories, Tri-County Economy / Comments Off on Two tri-county hospitals get top safety grades
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Union Bank to slash almost half of SBB&T work force
By Marlize van Romburgh / Friday, November 30th, 2012 / Banking & Finance, Banking Industry, Latest news, Tri-County Economy / Comments Off on Union Bank to slash almost half of SBB&T work force
Union Bank will lay off almost 500 Santa Barbara Bank & Trust employees, or nearly half the bank’s work force, the San Francisco-based lender announced on the eve of its acquisition of Pacific Capital Bancorp. A spokesperson for Union Bank told the Business Times that 468 SBB&T positions will be eliminated over the next year. Read More →

SLO County oil fight tests property rights
By Stephen Nellis / Friday, November 30th, 2012 / Law & Goverment, Real Estate, Top Stories, Tri-County Economy / Comments Off on SLO County oil fight tests property rights
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Rosenfeld places his chips on a waterfront revival in Santa Barbara
By Marlize van Romburgh / Friday, November 30th, 2012 / Real Estate, Top Stories, Tri-County Economy / Comments Off on Rosenfeld places his chips on a waterfront revival in Santa Barbara
With the purchase of the storied Chapala One luxury condominiums in downtown Santa Barbara, Los Angeles developer Michael Rosenfeld has placed a bet of an estimated $30 million on the future of the city’s waterfront neighborhood. Rosenfeld’s Los Angeles-based Woodridge Capital Partners purchased the mixed-use condo project at the corner of Chapala and Gutierrez streets in Read More →