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Developers forecast a long cycle for hotel investments

By   /  Friday, October 31st, 2014  /  Latest news, Real Estate, Subscriber content, Top Stories, Tourism  /  Comments Off on Developers forecast a long cycle for hotel investments

Tourism activity in wine country and an influx of foreign visitors are driving the interest of developers from inside and outside the Tri-Counties.

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Caruso pushes forward with scaled-back Miramar plans

By   /  Thursday, July 31st, 2014  /  Real Estate, South Coast, Top Stories, Tourism, Tri-County Economy  /  1 Comment

  Los Angeles real estate magnate Rick Caruso is amending his plans for the multimillion-dollar revival of Miramar Beach Resort & Bungalows in Montecito to include a little more shrinkage. Caruso Affiliated received approval for the hotel in March 2011 after a years-long hearing process in which Seinfeld actress Julia Louis-Dreyfus, a neighbor of the Read More →

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Caruso, county hit sticking point in Miramar rebate talks

By   /  Friday, March 8th, 2013  /  Columns, Law & Goverment, Real Estate  /  Comments Off on Caruso, county hit sticking point in Miramar rebate talks

Talks over the Miramar Hotel project in Montecito are stalled for not fiscal but legal reasons, and it doesn’t look like either side is ready to budge.

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Caruso, county resume talks over Miramar wages

By   /  Wednesday, January 23rd, 2013  /  Latest news, Tourism  /  Comments Off on Caruso, county resume talks over Miramar wages

Los Angeles developer Rick Caruso said Jan. 23 that he has resumed talks with Santa Barbara County officials to implement a hotel incentive program to kickstart work on the Miramar Hotel. First District Supervisor Salud Carbajal and Montecito Association President Richard Nordlund joined Caruso at the recently demolished Miramar site in Montecito to discuss the Read More →

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The bulldozers are coming: Derelict Miramar cottages to be leveled in December

By   /  Friday, November 30th, 2012  /  Features, Real Estate, Tourism  /  Comments Off on The bulldozers are coming: Derelict Miramar cottages to be leveled in December

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Editorial: Moving dirt on Miramar should be top priority

By   /  Friday, June 29th, 2012  /  Editorials, Opinion  /  Comments Off on Editorial: Moving dirt on Miramar should be top priority

Santa Barbara County’s Board of Supervisors has narrowly approved a new tax rebate for hotel mega-projects. Now it will be up to Los Angeles developer Rick Caruso to walk the walk and start moving dirt at the much debated, long-delayed Miramar Hotel and Cottages in Montecito. And it will be up to the Board of Read More →

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$15M tax break might jump start Miramar

By   /  Friday, March 9th, 2012  /  Top Stories  /  2 Comments

Los Angeles-based Caruso Affiliated is one step closer to breaking ground on Miramar Beach Resort & Bungalows in Montecito after the Santa Barbara County Board of Supervisors voted to move forward on an ordinance that would give hotel developers a 10-year tourism tax break. Rick Caruso’s development company, which is at the helm of the Read More →