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East Coast in focus as Somera Capital reaches $2B mark

By   /  Friday, December 12th, 2014  /  Banking & Finance, Latest news, Personal Finance, South Coast, Subscriber content, Top Stories  /  Comments Off on East Coast in focus as Somera Capital reaches $2B mark

With a core portfolio of assets from Palo Alto to Los Angeles, the company has started fishing for deals in the Seattle market and putting even more focus on East Coast markets from Washington, D.C. to Savannah, Georgia.

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$33M financing approved for Ventura apartment plan

By   /  Friday, December 12th, 2014  /  Columns, Latest news, Real Estate, Top Stories  /  Comments Off on $33M financing approved for Ventura apartment plan

CBRE Capital Markets’ Debt & Structured Finance team announced Dec. 9 that the firm secured a $33.1 million construction loan for Parklands Apartments, a 173-unit, high-end apartment development in Ventura.

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Worth the weight: State Street venue features 250 million-year-old salt rocks

By   /  Friday, December 12th, 2014  /  Latest news, Small Business, Subscriber content, Top Stories  /  Comments Off on Worth the weight: State Street venue features 250 million-year-old salt rocks

To build the one-of-a-kind structure, McCaskey imported 47 tons of pink Himalayan salt from Pakistan, regarded as the purest salt on Earth.

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Wells Fargo to open new Santa Barbara location

By   /  Thursday, December 11th, 2014  /  Banking & Finance, Banking Industry, Latest news, South Coast, Top Stories  /  Comments Off on Wells Fargo to open new Santa Barbara location

San Francisco-based Wells Fargo, one the largest employers in the Tri-Counties, is slated to open its fourth banking branch in Santa Barbara on Dec. 15. The new location is at 101 N. Milpas St. and will serve retail, mortgage and business banking customers. Wells Fargo signed the lease for the 2,600-square-foot former Blockbuster location in Read More →

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Sonos sticks to strategy after $130M financing

By   /  Friday, December 5th, 2014  /  Latest news, Technology, Top Stories  /  Comments Off on Sonos sticks to strategy after $130M financing

The company preserved its autonomy while maintaining its status as an attractive acquisition with the sale of $130 million in secondary equity, giving eight early shareholders a chance to cash out.

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The dish on surviving a recession

By   /  Friday, November 28th, 2014  /  Latest news, Restaurants, Small Business, Top Stories  /  Comments Off on The dish on surviving a recession

After opening at the peak of the 2008 recession, downtown Santa Barbara restaurant Julienne has since managed to woo the likes of Anthony Bourdain and the Los Angeles Times.

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Edison taps area company to add storage

By   /  Friday, November 21st, 2014  /  Green Coast, Latest news, Subscriber content, Technology, Top Stories  /  Comments Off on Edison taps area company to add storage

Five companies received 260-megawatts’ worth of energy storage deals, with the other 2000-megawatts worth of contracts allocated toward energy efficiency, demand response, behind-the-meter renewables and gas-fired generation, with natural being the biggest winner.