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UCSB to build $74.3M bioengineering center

By   /  Tuesday, March 4th, 2014  /  Restaurants, South Coast, Technology, Top Stories, Tri-County Economy  /  Comments Off on UCSB to build $74.3M bioengineering center

With the state’s fiscal picture improving, UC Santa Barbara is set to break ground on a $74.3 million bioengineering center this summer.

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Sonos headquarters sold after listing for $21.5M

By   /  Monday, March 3rd, 2014  /  Real Estate, South Coast, Top Stories, Tri-County Economy  /  Comments Off on Sonos headquarters sold after listing for $21.5M

The 47,000-square-foot building at 25 E. Mason St. in Santa Barbara’s Funk Zone has been sold to an unnamed investor for an undisclosed amount. The property was listed for $21.5 million.

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Deckers shares plunge with predicted Q1 loss

By   /  Thursday, February 27th, 2014  /  Banking & Finance, South Coast, Top Stories  /  Comments Off on Deckers shares plunge with predicted Q1 loss

Shares of Ugg boot parent Deckers Outdoor Corp. were down almost 14 percent in after-hours trading on Feb. 27 (Deckers media photo)

Shares of Deckers Outdoor Corp. were down sharply in after-hours trading Feb. 27 as the company predicted a loss for this year’s first quarter of 16 cents per share compared to a 10-cent-per-share profit expected by Wall Street.

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American Airlines to stop flying to LAX from SBA

By   /  Thursday, February 27th, 2014  /  South Coast, Tourism, Tri-County Economy  /  Comments Off on American Airlines to stop flying to LAX from SBA

American Airlines will no longer offer service to Los Angeles from the Santa Barbara Airport starting April 1. The change is due to a nationwide restructuring of the airline’s routes, according to a Feb. 26 announcement.

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Venture capital raises at Goleta firms Transphorm and Tyrian top $23M

By   /  Friday, February 21st, 2014  /  Green Coast, South Coast, Technology, Top Stories, Tri-County Economy  /  Comments Off on Venture capital raises at Goleta firms Transphorm and Tyrian top $23M

Transphorm, a maker of energy-efficient electronic components, has raised $15 million in additional capital related to its recent partnership with Fujitsu Ltd. of Japan. Tyrian Systems, a firm founded by a pair of longtime infrared sensor entrepreneurs to commercialize thermal vision technology, has raised an $8.3 million Series B investment.

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Santa Barbara summit seeks to draw businesses to region’s homeless issue

By   /  Friday, February 21st, 2014  /  East Ventura County, Green Coast, South Coast, Top Stories, Tri-County Economy, West Ventura County  /  2 Comments

The event will host several national speakers on the topic, but the organizers say the goal is to encourage data-driven methods of addressing homelessness that have measurable goals and a clear plan for achieving them.

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Sanford, free of debt, looks to future at Alma Rosa Winery

By   /  Friday, February 21st, 2014  /  Central Coast, South Coast, Top Stories, Tourism, Tri-County Economy, Wine & Viticulture  /  Comments Off on Sanford, free of debt, looks to future at Alma Rosa Winery

Richard Sanford, free of a crushing debt burden, says he is excited about the future of Alma Rosa Winery and Vineyards and his role there, even though he has lost ownership.

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