Santa Barbara apartments break record with $33M sale
The Harbor Heights Manor apartment complex at 801 Cliff Drive in Santa Barbara has been sold to an undisclosed investor for $33 million, setting a new price record for the city, according to commercial real estate experts.
Deckers’ global push takes toll on stock price
Deckers warned investors to expect a loss of 16 cents per share — compared to the 10-cent-per-share profit expected by Wall Street analysts — in the first quarter despite projected revenue growth. The company said that the reason was its aggressive build-out of its own branded retail stores around the world.
Quantifying success: New fund to invest in data companies
A group of Santa Barbara entrepreneurs is looking to raise as much as $50 million for an investment fund that would finance dozens of little big-data startups.
Editorial: Ukrainian crisis illustrates power of the free market
The “markets matter” lesson should not be lost on some of the most left-leaning members of the Democratic party, who may find themselves on the wrong side of history when it comes to America’s resurgent energy markets.
Editorial: Housing affordability another issue in pension debate
Part of the drive for higher and higher public benefits stems from the fact that housing affordability in our coastal zones is a chronic problem.
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.
