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 →
Venoco founder closes deal to take firm private
With $471 million in financing, Venoco founder Tim Marquez is taking the oil and gas company he founded private more than a year after his bid to buy up the 49 percent of the company he doesn’t already own. Venoco, which is based in Denver but has significant operations on the South Coast, announced the Read More →
Congressional candidates joust over taxes, housing
[EDITOR’S NOTE: Correction appended below.] Assemblymember Julia Brownley and state Sen. Tony Strickland clashed over fiscal policy, housing and education at an Oct. 2 debate in Thousand Oaks as their campaigns for the 26th U.S. Congressional district remained a close contest. Held at California Lutheran University, the debate turned especially heated when Brownley accused Strickland of voting against California’s Homeowners Bill of Read More →
Heritage Oaks to buy Morro Bay branch from Coast National
Paso Robles-based Heritage Oaks Bank is buying the Morro Bay branch and assets of San Luis Obispo-based Coast National Bank. The acquisition, announced Oct. 1, will include about $30 million in deposit accounts. It will also include the branch building. Heritage Oaks said it will pay “market value” for the building at 898 Morro Bay Read More →
Cole speaks out after resigning as city manager
Rick Cole, who left his post as the longtime city manager of Ventura Sept. 15 after losing the support of a majority of the City Council, talked about his departure Friday in a public question and answer session after his address at the fall Speaker Series hosted by the Martin V. Smith School of Business Read More →
