Time to bid good riddance to the recession
And then there were four. We’re ringing out what I call the Dismal Decade with no fewer than four economic forecasts for the region and very little agreement among the principals involved. Sung Won Sohn of California State University, Channel Islands, is probably the most optimistic, having said in early December that he expects a Read More →
Forecast: Don
If you’re in real estate, you probably don’t want to reflect too much on 2009. That’s understandable. Rising vacancies and declining sales volumes, paired with foreclosures and disappearing financing, dealt a devastating blow to the real estate sector over the past year — one that might knock the industry off its feet until late 2010. Read More →
Ventura real estate firm sets sights on the Lone Star State
For the first time in eight years, Dick Fausset’s Ventura real estate investment company is buying. Back in the 1990s, Fausset Neely Inc. went on an acquisition spree, buying up more than 2.86 million square feet of commercial property in California, Texas, Louisiana and Alabama. But in 2001, Fausset stopped buying and started selling. “In Read More →
Give small businesses a few tools
It’s bad enough that regulators have basically forced our community banks to redline small businesses and deprive them of capital at a time when it’s most needed. Now comes word that staff have been let go at Small Business Development Centers, which provide technical assistance to operating ventures in Ventura and Santa Barbara centers, which Read More →
Santa Barbara sees shifts, new business on the real estate front
There have been a few notable shifts in the Santa Barbara commercial real estate landscape over the past few weeks. First up, we have a new venture from real estate executive Jim Slaught. His new company, Slaught Real Estate Group, focuses on commercial real estate development, investment, management and brokerage projects. Slaught, a former vice Read More →
Gear up for the launch of our 10th year
I’m very proud to announce that 2010 will mark the 10th anniversary year for the Pacific Coast Business Times. Since March 17, 2000, we’ve been chronicling the fortunes of business and the overall economy in Ventura, Santa Barbara and San Luis Obispo counties. Along the way we’ve covered major stories about innovation and financial meltdowns Read More →
Ventura County veterans
After 16 years of planning, negotiations and compromise, Ventura County is finally getting its veterans’ home on Dec. 4. At 60 beds, the $26.5 million facility near Saticoy is much smaller than the originally proposed 400 beds, but the California Department of Veterans’ Affairs is just glad the project came to fruition at all. The Read More →
