Avis Rent a Car property in Funk Zone purchased for $2.5 million
The Avis Rent A Car location in Santa Barbara’s Funk Zone was purchased in a sale-leaseback transaction for more than $2.5 million, Lee & Associates announced on Oct. 11. The transaction of the 1,350-square-foot property at 34 E. Montecito St. marked a record-setting price per square foot at $1,866, said Lee & Associates’ Rob Adams, Read More →
Lure Fish House property in Westlake Village sold
Story updated Oct. 13 at 10 p.m.: The Lure Fish House property in Westlake Village was sold for $6 million to private investor Lucrit LLC, Westcord Commercial Group announced on Oct. 10. The 7,470-square-foot property sits on a 1.76-acre parcel at 30970 Russell Ranch Road. Tony Principe of Westcord and Kamal Banki represented the buyer Read More →
Lloyd Properties donates 860 acres on Ventura hillsides to conservation trust
Owners of the Lloyd Ranch in Ventura donated 860 acres of agricultural and open space to the Rancho San Buenaventura Conservation Trust. Gary Brummett, president of Lloyd Properties, said he is proud to partner with the conservation trust to preserve part of the Ventura hillsides, an area that has been eyed by developers for many Read More →
Caruso breaks ground on Miramar resort
What a difference a decade makes. After 10 years of community wrangling and delays obtaining financing, Los Angeles developer Rick Caruso turned a ceremonial shovelful of dirt on Oct. 10 to launch construction of the Rosewood Miramar Beach Montecito. Under a blue sky broken by a few puffy white clouds, Caruso, Rosewood CEO Radha Read More →
Vandenberg satellite launch delayed again
DigitalGlobe, which owns the WorldView-4 earth imaging satellite sitting atop an Atlas V rocket at Vandenberg Air Force Base, said launch of the satellite will now probably take place sometime in late October and early November. Originally scheduled for Sept. 16, the launch was initially delayed at the last minute because of a minor leak Read More →
Ventura’s tax measure not good for business
By Bob Alviani The business community plays a unique role in a community’s economy. If there is any sector in the economic machinery that understands what it takes to run a city, it is business. Businesses provide jobs and support families. Businesses know what it takes to earn a dollar. When it comes to city Read More →
Charities limited when it comes to election campaigns
By Mike Schley With the election looming, many charities sincerely believe that a President Clinton or Trump (as the case may be) would be the enemy of fundamental goals the charity promotes. This is America, and free speech is a fundamental right, so charities can weigh in with their own unique perspective on the campaign Read More →
