Noozhawk: Go Red For Women Event Gets to Heart of Cardiac Disease

Santa Barbara, California – Published 2/7/2018
By Donna Romani for the American Heart Association

The American Heart Association wants women on the Central Coast to know that mothers, daughters, sisters and friends are at risk. Heart disease and stroke kill about one woman every 80 seconds — more than all cancers combined, the association reports.

The good news is, 80 percent of cardiac events may be prevented with education and lifestyle changes, the Heart Association said.

Community members can be part of the change to end heart disease at the 22nd annual Go Red For Women Luncheon.

For more than a decade, Go Red For Women has fought for equal health opportunities for women, the Heart Association said.

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Noozhawk: Santa Barbara City Council Moves Forward With New Rental-Protection Ordinance: Measure would require landlords to give tenants written lease agreements, and tenant-displacement assistance for mass evictions

Santa Barbara, California – Published 1/30/2018
By Joshua Molina

Santa Barbara is moving forward with an ordinance that would provide some rental protections for tenants, although some advocates want even more changes.

The council voted 6-0 to create an ordinance that requires landlords to give tenants written lease agreements because “written rental agreements provide clarity and certainty about the contractual agreement and should be mandatory and promoted through an ordinance or resolution,” according to a city staff report.

The city also agreed to tenant-displacement and relocation assistance for mass evictions.

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Pacific Coast Business Times: Tri-county commercial real estate brokers optimistic

Santa Barbara, California – Published 1/5/2018
By Robert Shutt

Commercial real estate in the Tri-Counties will face a long list of challenges in retail, housing and the development of smart industrial space with multiple stories and integrated computing technology but the region’s top commercial brokers are optimistic about 2018 opportunities.

Traditional brick-and-mortar retail has been taking hit after hit from online outlets like Amazon and has consequently seen a general downturn in profits. However, shopping centers that are anchored by service-oriented retailers like grocery stores and restaurants should be OK, experts said.

“Retailers will be even more conservative with their expansion plans in 2018, looking to increase their online capacity with more store closures and fewer physical openings,” said J.C. Casillas, director of research and public relations at NAI Capital. “There is no new construction in the pipeline, so expect slightly higher vacancies and softer rental rates by the end of the year.”

Another common theme in 2018 will be the conversion of retail space into office space. Four companies in Santa Barbara are currently using downtown retail as office space.

“The trend toward an open, collaborative office environment lends itself nicely to retail spaces,” said Gene Deering, senior vice president at Radius Commercial Group. “Prior to the change in retail landscape, retail lease rates far exceeded office rents — causing all retail spaces to remain retail. Look for this trend to continue.”

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Pacific Coast Business Times: Housing issues dominate Central Coast economic outlook

Santa Barbara, California – Published 1/5/2018
By Robert Shutt

As the national economy continues to accelerate, California is turning in a sub-par performance with the faltering tri-county economy lagging further behind.

With the declining economic performance facing more headwinds from the biggest wildfire in California history, the Central Coast will have to radically transform its approach to housing to grow significantly in 2018.

Those two factors — fires and faltering economics — are sure to combine in a way that will be quite challenging, especially for housing in Ventura County in 2018.

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Noozhawk: Saks OFF Fifth Stays

Santa Barbara, California – Published 12/7/2017
By Joshua Molina

Real estate sources have confirmed that Saks OFF Fifth has extended its lease for one year, beginning in February. The company was widely rumored to be giving notice about a departure from the 1001 State St. building, before officially giving notice in October.

The store stays for now. The property is managed by Radius Group.

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