Flat population, more competition spells trouble for restaurants
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Former El Torito property on waterfront sells for $7.2 million
The former El Torito property on the Santa Barbara waterfront was sold for $7.2 million, Lee & Associates announced on Feb. 2. The owners are planning to re-tenant the space with a new undisclosed restaurant, the commercial real estate company said. The 9,500-square-foot space at 29 E. Cabrillo Boulevard has a 12,000-square-foot beachfront and sits Read More →
MOXI science museum to open doors Feb. 25
MOXI, The Wolf Museum of Exploration + Innovation announced it would open Saturday, Feb. 25 at its new 17,000-square-foot space located at 125 State St. in Santa Barbara. Twenty-five years in the making, the museum will offer hands-on science and technology exhibits and expects to attract more than 100,000 guests in its first year. “The entire Read More →
CompuVision, Sagewood announce consolidation
IT services company CompuVision announced a partnership with health care technology services company Sagewood Systems, both based in Santa Barbara, on Jan. 31. The move will consolidate the companies’ technology, management and communications offerings under the CompuVision brand, it said in a news release, including consulting, enterprise applications and a “hyperconverged infrastructure” system that combines Read More →
American Riviera Bank’s net income soared in 2016
Santa Barbara-based American Riviera Bank reported net income of $4.1 million in 2016, or 94 cents per share, up from $1.3 million in 2015, or 48 cents per share, as the acquisition of The Bank of Santa Barbara has paid dividends, the company said. The all-stock transaction, completed in January 2016, created a combined institution Read More →
Motion to change venue of Plains All American Pipeline criminal case denied
Santa Barbara County Superior Court Judge Jean Dandona denied Plains All American Pipeline’s request to move its criminal case to Kern County. Plains was indicted on 46 felony counts for the May 2015 oil spill that soiled the Gaviota Coast. Plains did not prepare nor maintain its pipelines properly and did not notify the proper Read More →
Santa Barbara attorney Renee Fairbanks opens new law firm
Santa Barbara attorney Renee Fairbanks recently opened a new law firm, the Law Office of Renee Fairbanks, at 226 E. Canon Perdido St., Ste. F. Fairbanks was formerly a principal of Ehlers & Fairbanks who represents clients in divorce, custody, support and domestic partnerships proceedings on the Central Coast. Fairbanks is on the State Bar Read More →
