CRE: Santa Maria’s La Vista Apartments sell for record $116M

By Staff Report La Vista Apartments, a 460-unit multifamily property in Santa Maria, sold for $116 million, according to Institutional Property Advisors, a division of Marcus & Millichap, who brokered the sale on Dec. 30. The $116 million sales price equates to $252,174 per unit. According to a press release, the sale also became the Read More →

Strong avocado sales drive revenue growth for ag companies

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Portfolio watch
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Teledyne completes $58M takeover of Micropac

Thousand Oaks-based Teledyne Technologies completed its acquisition of Micropac Industries on Dec. 30. The all-cash transaction valued Micropac at approximately $57.3 million, taking into account Micropac’s net debt as of Aug. 24. Under the merger agreement’s terms, Micropac stockholders received $20 per share in cash. “We are delighted to welcome Micropac and its employees to Read More →
Tri-County unemployment rate remains unchanged in November

For the second straight month, the unemployment rate along the Central Coast didn’t see much change, according to the latest data from the California Employment Development Department. Released Dec. 20, the unemployment rate of the tri-counties was at 4.36% for the month of November, the same unemployment rate the Central Coast saw in October and up slightly Read More →