These execs could shape region
Do individuals really make a difference?Or is our fate—in business and in life — determined by trends that are largely out of our control? This is a debate that goes on in my head constantly as I try to understand how the Great Recession is playing out in our small corner of the global economy. Read More →
Coast Village Shopping Center will become country-style market
In one of the largest retail deals in California this year, an investment group led by J.S. Rosenfield & Company has purchased the 30-year ground lease from Pacific Capital Bancorp on the Coast Village Shopping Center in Montecito. The Santa Monica-based real estate company plans to convert the 45-year-old center into a country mart, said Read More →
Ventura County vacancies low in first half, despite recession
The struggling rental market is sometimes forgotten in all the housing market hoopla, but that’s exactly what NAI Capital’s mid-year report explores. The Los Angeles-based firm said downward pressure in the single-family residence market has created a small boom in the rental market, effectively stalling the rise in vacancies. “Although we have seen little Read More →
Santa Barbara weighs the meaning of high-rise
It’s the 40th anniversary of Woodstock, and all across the city of Santa Barbara, aging baby boomers are debating a serious question: How high can we get in this city? We’re not talking about the strength of the marijuana at the local dispensary or the true meaning of Sly and the Family Stone lyrics. We’re Read More →
Health care: The small business view
Dear President Obama: You recently sent out an e-mail asking small business owners to comment on health care reform. So, here is what I think. When I started the Pacific Coast Business Times 10 years ago, I made a commitment to paying fair wages and providing quality health care for all full-time employees. I have Read More →
Commercial vacancies on rise, but still below U.S. average
In its latest quarter report, Hayes Commercial Group said the overall vacancy rate now exceeds 5 percent in South County. That number stacks up favorably when compared to national rates, but is up 25 percent since the beginning of the year. The report showed that the number of lease transactions is up on an annualized Read More →
Radio Square developer faces foreclosure on Yanonali property
The company facing foreclosure on Radio Square in Santa Barbara is now battling litigation on a second project in the city. Laguna Hills-based DBN Development allegedly failed to repay a $5.5 million loan for the Yanonali Street property it purchased in 2006. The project’s lender, San Francisco-based United Commercial Bank, filed a lawsuit in Read More →
