Thanks to a four-year renovation, new tenants and a Starbucks coffee anchor, owners of a downtown Santa Barbara property were able to flip the Carrillo Street asset for $12.2 million.
Overlooked in some media reports is the fact that with the former Dain Rauscher brokerage firm as part of its existing U.S. footprint, RBC has a strong presence, particularly in the West and Midwest.
The Goleta-based footwear maker and distributor reported a softer-than-expected holiday shopping season and poor performance in its roll out to asian markets, prompting the company to dial back its fiscal fourth quarter guidance.
Shares of the The Ryland Group finished trading up more than 8 percent Thursday after the company released fourth-quarter earnings with revenues up 24.7 percent, trumping analysts expectations.
Teledyne Technologies share were trading up slightly Thursday morning after the company released fourth-quarter earnings with net sales up 4.3 percent, beating Street expectations.
Carrillo Plaza is located at 210 W. Carrillo Blvd. and was sold by Carrillo Holdings, a Santa Barbara-based real estate company. It has shed six Santa Barbara properties over the last 18 months.
