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Union Bank will lay off almost 500 Santa Barbara Bank & Trust employees, or nearly half the bank’s work force, the San Francisco-based lender announced on the eve of its acquisition of Pacific Capital Bancorp. A spokesperson for Union Bank told the Business Times that 468 SBB&T positions will be eliminated over the next year. Read More →
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With the purchase of the storied Chapala One luxury condominiums in downtown Santa Barbara, Los Angeles developer Michael Rosenfeld has placed a bet of an estimated $30 million on the future of the city’s waterfront neighborhood. Rosenfeld’s Los Angeles-based Woodridge Capital Partners purchased the mixed-use condo project at the corner of Chapala and Gutierrez streets in Read More →
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An agricultural labor shortage across the Tri-Counties is leaving some farmers wringing their hands and wondering whether a portion of next year’s crops may be left in the ground. Agricultural officials and growers are reporting that for the 2012 harvest season, labor crews were 20 percent to 30 percent smaller than in years past, and Read More →
Clipper Windpower appears ready to implement a plan to eliminate all of its South Coast positions and shutter its Carpinteria headquarters by early next year. Employees learned of impending cuts, which could impact up to 200 workers, at an all-hands meeting on Nov. 7, according to a person who was present. The briefing came from Read More →
