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Santa Maria chamber CEO Bob Hatch to retire

By   /  Tuesday, March 11th, 2014  /  Central Coast, Top Stories, Tri-County Economy  /  Comments Off on Santa Maria chamber CEO Bob Hatch to retire

Bob Hatch is retiring after 20 years as president and CEO of the Santa Maria Valley Chamber of Commerce, the largest business group in North Santa Barbara County.

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Clean Diesel shares soar on Acura contract

By   /  Tuesday, March 11th, 2014  /  Banking & Finance, Banking Industry, Technology, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on Clean Diesel shares soar on Acura contract

Clean Diesel said it has begun production of a new series of catalytic-emissions reduction products for the 2015 version of Honda’s gasoline-powered Acura TLX models. The announcement sent the Ventura-based firm’s shares soaring 74 percent higher in trading on March 11.

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Santa Barbara apartments break record with $33M sale

By   /  Monday, March 10th, 2014  /  Real Estate, Top Stories  /  Comments Off on Santa Barbara apartments break record with $33M sale

The Harbor Heights Manor at 801 Cliff Drive in Santa Barbara has been sold for $33 million, a record price for the city. (photo courtesy of Radius Commercial Real Estate & Investments)

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.

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Deckers’ global push takes toll on stock price

By   /  Friday, March 7th, 2014  /  Banking & Finance, Top Stories, Tri-County Public Companies  /  Comments Off on Deckers’ global push takes toll on stock price

Deckers Outdoor Corp. has opened retail stores for its footwear brands at its new campus headquarters in Goleta. The Ugg boot parent's stock spiraled on Feb. 28, after the company predicted a first-quarter loss stemming from costs to build out company-owned Ugg stores around the world. (courtesy photo)

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.

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Quantifying success: New fund to invest in data companies

By   /  Friday, March 7th, 2014  /  Technology, Top Stories  /  Comments Off on Quantifying success: New fund to invest in data companies

From left, Fund Manager Herb Tews, DJ Wetmore of Self Echo, Fund Director Jacques Habra and lead investor and adviser Patrick Steele of the Noospheric Quantified Fund. The fund hopes to raise up to $50 million to invest in niche data companies. (Stephen Nellis / Business Times photo)

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.

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Investor snaps up Sonos R&D facility in largest deal in 7 years

By   /  Friday, March 7th, 2014  /  Real Estate, South Coast, Top Stories, Tri-County Economy  /  Comments Off on 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.

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South Coast golfers trod parched courses amid drought

By   /  Friday, March 7th, 2014  /  Agribusiness, Central Coast, East Ventura County, Features, Green Coast, South Coast, Top Stories, Tourism, Tri-County Economy, West Ventura County  /  Comments Off on South Coast golfers trod parched courses amid drought

Rancho San Marcos, a par 71 course in the Santa Ynez Valley, said dry conditions are affecting business. The course’s general manager told the Business Times that the number of rounds played at the course is at 10 percent of normal. (Alex Drysdale / Business Times photo)

Some of the greens on the South Coast are starting to look a little brown as regional golf courses cut back on watering amid California’s worsening three-year drought.