Hotel could change hands
UncategorizedThe 135-room Country Inn & Suites in Port Hueneme might change hands soon as its owners face foreclosure on $53.2 million in debt. The loan dispute is between two obscure partnerships that ultimately lead to the Royal Bank of Scotland and Credit Suisse, two of the largest investment banks in the world. It also represents Read More →
$10M State Street Borders deal is a bright spot in a dull market
ColumnsThe $10 million sale of 900 State St. in Santa Barbara makes for the largest retail real estate deal in the city in more than two years, but the outlook for the South Coast’s commercial real estate market remains shaky. The 38,000-square-foot retail space where Borders bookstore is housed was sold on April 5 to Read More →
Tri-county tech stocks make market moves
UncategorizedVentura County tech companies inked big sales, swung back to profits and traded at heavy volumes in early April. Oxnard-based CalAmp Corp., a communications gear firm, signed contracts for $15.2 million in new wireless networks sales, sending shares up. After paring itself down to basics and tightening its manufacturing to deal with heavy losses, Camarillo-based Read More →
Another LAX flight
UncategorizedUnited Airlines added a sixth flight from San Luis Obispo Regional Airport to Los Angeles. The flight will be in a 30-seat Embraer 120 turboprop similar to those currently used to service LAX and San Francisco, the airport said. It will be operated by United’s regional partner SkyWest Airlines and will depart at 2:23 p.m. Read More →
