Litigation over the May 19 Plains All American Pipeline spill off the Gaviota Coast gained a powerful combatant on June 24 when former Santa Barbara City Attorney Barry Cappello said he’d filed a class action lawsuit on behalf of 3,000 property owners from Point Conception to the Mexico border. Capello’s lawsuit comes as tar balls Read More →
Santa Monica-based Montana Avenue Capital Partners purchased the 118,394-square-foot oceanfront office campus at 6303-6309 Carpinteria Ave. in Carpinteria in a record setting deal, according to brokers who worked on the deal. The sale price was not disclosed, although the property was listed for $32.5 million. Francois DeJohn and Steve Hayes of Hayes Commercial Group represented Read More →
It was a retail icon, a testament to the 1990s rise of State Street in Santa Barbara as a shopping mecca. The very name oozed luxury and aspiration. Saks Fifth Avenue. And soon it will be gone. The property at the corner of State and Carrillo streets in the 1000 block of the center of Read More →
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Plains All American Pipeline, the company responsible for spilling thousands of gallons of crude oil on the Gaviota Coast, said Friday it has spent more than $60 million on clean up efforts to date. There is no timeline on how long it will take to call the response complete, but the most recent update from Read More →
Goleta-based Community West Bancshares, parent company of Community West Bank, today announced that it has reached a settlement with Residential Funding Company. The June 8 settlement resolves the litigation between the two financial firms concerning residential mortgage loans sold to RFC. Under the settlement, Community West Bank has agreed to pay RFC $7.5 million, which Read More →
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