Solar3D leaves sunny S.B. for Roseville to save money
Solar3D recently uprooted its corporate headquarters from Santa Barbara to Roseville, the home of its Sunworks subsidiary. While the move only relocates a handful of employees, the symbolism is significant. Solar3D is a publicly held solar-cell technology developer that had three to four employees at its 26 W. Mission St. office. It made sense from Read More →
State’s housing prices too high for middle-income residents
A housing shortage is driving the middle class out of California. Several reports from Next 10 and Beacon Economics illustrated the state’s growing housing to jobs imbalance. Housing prices will continue to climb unless cities and counties increase residential densities and streamline the permitting process, according to the reports. More people are leaving the state Read More →
Green bonds aid Santa Clara River flood control
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Real estate tech firms target Montecito, Santa Barbara
The tri-county real estate tech scene is surging. A number of web-based brokerage firms are flooding the region, targeting the affluent neighborhoods of Montecito and Santa Barbara. They aim to disrupt the established order of the real estate market through features such as streamlined online platforms, lower commission rates and live video walkthroughs. Open Listings Read More →
Caruso’s Miramar hotel revival gets OK to begin construction
The controversial multimillion-dollar revival of the Miramar Hotel and Resort in Montecito is moving forward after the Montecito Water District allowed developer Rick Caruso to increase the size of the project’s water meters. The MWD initially denied the newest iteration of the long-debated Miramar project because of the district’s severe water shortage. The issue at Read More →
Santa Barbara County to regulate short-term rentals
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LTC Properties beats analyst projections
Westlake Village-based LTC Properties beat analyst projections of rental revenue and funds from operations per share in its fourth quarter earnings report. LTC is a real estate investment trust that buys facilities such as nursing homes. Investors in such companies often use funds from operations as a substitute for earnings per share because it takes depreciation Read More →
