South Coast needs a path for recovery
Up until the crash in the global financial markets last September, it looked like the South Coast region of the Tri-Counties would escape the recession largely unscathed. That turns out not to have been the case. And now the stretch of coast from Carpinteria to Goleta is in danger of losing its status as Read More →
Shaking up Montecito
For the past few years, hedge fund managers were quietly filling in the gaps of their classic car collections, while the headlines oozing from around Montecito’s stone walls were largely celebrity dustups. Revelation of actor Rob Lowe’s already public address sparked major upheaval at the Santa Barbara News-Press. Julia Louis-Dreyfus took her best shots at Read More →
September conferences forecast Ventura Co. real estate market
You won’t have to wait long to get the scoop on Ventura County’s housing market. September’s conferences will fill in all the gaps. • First up is the 2009 Ventura County Economic Outlook Conference, slated for Sept. 10 at the Westlake Hyatt. Economist Mark Schniepp will have a forecast for not only the housing market Read More →
Conejo leads SoCal into new decade
Would the last person in Dos Vientos please turn out the lights? That’s what some residents of the toney subdivision in Thousand Oaks were wondering not so very long ago as the Conejo Valley underwent a series of economic tremors. First, struggling mortgage giant Countrywide Financial Corp. was sold at near fire-sale prices to Bank Read More →
Moorpark industrial building sold in lease-to-own deal
A family trust has acquired a 32,233-square-foot industrial building that its family business, Pindler & Pindler Inc., had been occupying for the past two and a half years with an option to purchase. “These types of lease-to-own arrangements have become a lot more popular as the leasing market has slowed,” said Mike Tingus, president of Read More →
SLO puts economic plan on fast track
For much of the past year, San Luis Obispo County has looked like the basket case of the regional economy. Its government-heavy employment base has been shattered by the California budget crisis. City and county bureaucracies are being trimmed back, Cal Poly employees are facing furlough days and job growth has ground to a Read More →
Coast Village Shopping Center will become country-style market
In one of the largest retail deals in California this year, an investment group led by J.S. Rosenfield & Company has purchased the 30-year ground lease from Pacific Capital Bancorp on the Coast Village Shopping Center in Montecito. The Santa Monica-based real estate company plans to convert the 45-year-old center into a country mart, said Read More →
