New UC venture fund to pump $250M into spinoffs
There certainly is no shortage of money available for startup companies — total venture investments in 2014 were more than $57 billion, according to Dow Jones VentureSource, and there are signs 2015 could top that by billions. There hasn’t been this much cash flowing, particularly in the tech sector, since the late 1990s dot-com boom. Read More →
Ventura County firefighters do great job with Solimar Fire
Ventura County firefighters are a dedicated bunch. Once again, they made their point, proving over Christmas weekend that their ability to fight fires and protect private property are unmatched on the Central Coast. The so-called Solimar Fire broke out early in the morning of Dec. 26 and quickly jumped Highway 101, threatening beachside enclaves. The Read More →
Santa Barbara’s Saks building sells for $15 million
The Saks OFF 5TH building in downtown Santa Barbara was sold to a private out-of-the-area investor for more than $15 million, Lee & Associates recently announced. The nearly 47,000-square-foot property at the corner of State and Carrillo streets represents a continuing trend of discount retailers snatching up valuable downtown space. Saks Fifth Avenue had been Read More →
SESLOC opening branch in Santa Maria
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Uber Wine tough competition for tour operators
Wine country tour operators in Santa Barbara and San Luis Obispo counties have a formidable new competitor. Since April, Uber has been offering Uber Wine, a ride-sharing service to wineries and tasting rooms in the two counties. Michael Amodeo, a spokesman for Uber, said the company has provided thousands of rides to customers looking for Read More →
Judge orders Highway 101 widening project EIR to be redrafted
A Santa Barbara County Superior Court judge ruled that part of the Highway 101 Widening Project Environmental Impact Report needs to be recalculated, but the decision is not expected to significantly delay the project. The estimated $428 million fourth stage of the undertaking includes adding high occupancy vehicle lanes in both directions through the 10.3-mile Read More →
Plains accused of misleading oil spill victims into signing away rights
Plains All American Pipeline has allegedly been misleading those who seek compensation for losses they incurred following the Refugio oil spill, according to a motion filed in federal court on Dec. 15. The motion asserts that Plains is asking the claimants to forfeit the right to file or take part in any other claim in Read More →
