Economist in SLO: ‘odd recovery,’ but economy ‘on fire’
Central Coast, Latest news, middle, Top Stories, Tri-County EconomyHistory shows that natural disasters have had “little” long-term economic impact, according Chris Thornberg, an economist who spoke at the annual Central Coast Economic Forecast on Nov. 5 in San Luis Obispo. In spring 2020, the United States economy abruptly came to a sudden halt as public health officials issued restrictions, such as stay-at-home orders Read More →
PennyMac Financial reports profit while investment trust records loss in Q3
Banking & Finance, Banking Industry, Earnings, East Ventura County, Latest news, Real Estate, Tri-County Economy, Tri-County Public CompaniesWestlake Village-based PennyMac Financial Services saw its net income drop in the third quarter compared to the year before, but officials reported “exceptional financial performance” in other areas in earnings released Nov. 4. The mortgage lender and loan servicer reported net income of $249.3 million in the third quarter, or $3.80 per share on a Read More →
Boating companies see rough waters ahead in proposed air quality rules
Latest news, South Coast, Subscriber content, Top Stories, Top Story, Tourism, Tri-County Economy, West Ventura CountyThis article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.
Real Estate: Temporary home in the cards for Players Casino in Ventura
Columns, Latest news, Real Estate, right, South Coast, Subscriber content, Top Stories, Tri-County EconomyThis article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.
New owners have plans to transform Nordstrom building in downtown Santa Barbara
Latest news, Real Estate, South Coast, Top Stories, Top Story, Tri-County EconomyThree out-of-area firms have acquired the now-vacant building formerly occupied by Nordstrom in downtown Santa Barbara, the companies announced Nov. 4. Shopoff Realty Investments and Praelium Commercial Real Estate, both based in Orange County, bought the property in partnership with an affiliate of New York City-based Dune Real Estate Partners. Shopoff Realty Investments representatives declined Read More →
Velocity Financial reports earnings growth in Q3
Banking & Finance, Banking Industry, Earnings, East Ventura County, Latest news, Real Estate, Tri-County Economy, Tri-County Public CompaniesWestlake Village-based mortgage lender Velocity Financial reported an increase in net income and net interest margin for the third quarter, compared to the same quarter last year, in an earnings statement released Nov. 3. Velocity reported net income of $8.02 million in the third quarter, or 23 cents per diluted share, compared to $3.5 million, Read More →
UCSB says it’s sticking with Munger’s mega-dorm
Higher Education, Latest news, Real Estate, South Coast, Top Stories, Top Story, Tri-County EconomyDespite drawing national attention and criticism, UC Santa Barbara isn’t backing down from the design of the proposed Munger Hall dormitory on the university’s campus. Charlie Munger, the 97-year-old vice chairman of Warren Buffet’s firm Berkshire Hathaway, has pledged $200 million to UCSB to build the student housing development. The project budget is “in the Read More →
