Vital signs: The number of million-dollar homes is increasing in California
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The changed landscape for buyers and sellers of tenant-occupied residential real estate
By Jessica Mullinix Spring of 2022 saw owners of residential real properties scrambling to sell in order to capitalize on high prices with buyers engaged in frenzied bidding to lock in lower interest rates before they increased. Tenant-occupied residential properties were no exception. Yet sellers and buyers of tenant-occupied residential properties considering evicting the tenants Read More →
Affordable housing will be key for economic recovery in Ventura County
While Ventura County is facing a slow post-pandemic economic recovery, there‘s reason to be more optimistic about the long term, according to the Center for Economic Research and Forecasting at Cal Lutheran. “There’s a fundamental change in attitudes (by cities) about growth – that we can achieve balance between jobs, housing and the environment to Read More →
Procore aims for lower net loss, continued high growth in 2023
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LTC Properties posts fourth-quarter earnings
LTC Properties, the real estate investment trust based in Westlake Village that chiefly invests in senior living and health care properties, announced its fourth-quarter results for the period ending December 31. Net income increased by 39.9%, from $12.7 million to $17.8 million or in terms of diluted earnings per common share, from 32 cents to Read More →
Dubroff: Black leaders are beginning to shape the Central Coast
The Central Coast poses a unique challenge when it comes to writing about Black History Month. Less than 2% of the population is Black. That’s a very low number that, in part, reflects the impossibly high cost of housing in the region. And yet, the region’s small group of Black executives has a high impact, Read More →
Amgen’s $150 million investment aims to scale, diversify middle-market business
By Mark Alfred Special to the Business Times Thousand Oaks-based Amgen, one of the largest biotechnology companies in the world, invested $150 million into Project Black: an Ariel Investments fund intended to transform middle-market companies into certified minority-owned business enterprises. The fund, managed by Ariel’s private equity subsidiary Ariel Alternatives, is based in Chicago. It Read More →
