Kimpton’s Canary names new GM
Kimpton’s Canary Hotel in Santa Barbara has welcomed Caroline Dyal as its new general manager. Dyal comes to Canary, a 98-room boutique hotel in downtown Santa Barbara, from Kimpton’s Hotel La Jolla. She replaces Laura McIver, who in August took on the top job at El Encanto, the historic Santa Barbara resort that’s set to Read More →
Melchiori files for Ch. 7 bankruptcy
Santa Barbara-based Melchiori Construction Co. has filed for Chapter 7 bankruptcy protection amid a flurry of creditor lawsuits. The general contractor filed bankruptcy documents at 9:02 a.m. on Tuesday and listed assets of $50,000 or less and debts between $1 million and $10 million. In a Chapter 7 bankruptcy, a debtor seeks to liquidate its Read More →
Madonna Road apartments sell for $10.5M
A 120-unit affordable housing apartment complex in San Luis Obispo has changed hands for $10.5 million. Seattle-based Vitus Group, an affordable housing developer, purchased the property at 1550 Madonna Road, which is on the west side of San Luis Obispo off Tank Farm Road. The seller was a local affiliate of the United Brotherhood of Read More →
Move buys Relocation.com for $11.5M
Online real estate company Move has purchased Relocation.com, a marketplace for homebuyers, renters and moving and storage professionals, for $11.5 million in cash. Move, which also operates Realtor.com and Move.com, said the deal represents another step towards its ultimate goal of creating a one-stop online shop for home buyers and renters. “Our goal is to Read More →
Oxnard Residence Inn by Marriott sold for $23.6M
Capping a spree of hotel real estate deals in Ventura County, the Residence Inn by Marriott in Oxnard has changed hands for $23.6 million. Pasadena-based investment company Cavort Properties bought the Residence Inn on Vineyard Avenue next to the River Ridge golf course in a deal that closed on Oct. 1. The hotel, along with Read More →
So. Cal gas spike hammers independent stations
Independent gas stations in Southern California may experience price spikes and even shortages this weekend as problems at several Golden State refineries culminate to produce a supply pinch. “My wholesale prices went from $3.98 a gallon to $5.08 a gallon, and we are now selling at $4.39 a gallon,” Sam Seng, owner of Fred’s Gas Read More →
