AppFolio CEO Brian Donahoo retiring
Updated at 2:45 p.m.: AppFolio reported an increase in its net income and the retirement of its president and CEO Brian Donahoo effective Aug. 8. Donahoo, 53, will be replaced by Jason Randall, who has served as senior vice president for both the company’s Property Manager and MyCase divisions and held leadership and product development Read More →
Montecito Bank & Trust reports growth in deposits, loans and net income
Montecito Bank & Trust grew its assets 5.7 percent over the last 12 months and reported net income of $8.1 million for the first six months of 2017, up 12.5 percent from the prior year. In the earnings release Aug. 4, the Santa Barbara company said a 20.5 percent increase in loan growth year-over-year and Read More →
Hotel Californian will boost Santa Barbara’s prestige
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Our view: Housing shortage spurs exodus to other states
While California’s housing crisis has begun to trigger a backlash, with some cities hunkering down behind NIMBY walls, the dire shortage of homes is having big impacts on other states. In Colorado, an influx of young, upwardly mobile professionals is fueling a boom in apartment building, driving rents higher and triggering an affordable housing crisis. Read More →
Yardi Systems gains huge client for property software
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TrackR raises $50 million with Series B funding round
Santa Barbara-based TrackR closed a $50 million Series B funding round Aug. 2, led by Steve Murray at Revolution Growth and existing investors like the Amazon Alexa Fund. The funds will help grow the recently launched TrackR Pixel, which incorporated both sound and light into the company’s personal item tracking portfolio of products. TrackR is Read More →
Graphiq sale may give edge to Amazon
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