Big firms check in to Santa Barbara hotel boom
A Philadelphia company’s $41.7 million purchase of Hotel Oceana in Santa Barbara signals that large out-of-town investors are betting on a major boom in South Coast tourism.
Sonos discloses $535M in revenue
In a rare financial disclosure, Santa Barbara audio firm Sonos has disclosed that its 2013 revenue was $535 million and that total sales doubled during the past year.
Santa Barbara apartments break record with $33M sale
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.
Quantifying success: New fund to invest in data companies
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.
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.
