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 →
These execs could shape region
Do individuals really make a difference?Or is our fate—in business and in life — determined by trends that are largely out of our control? This is a debate that goes on in my head constantly as I try to understand how the Great Recession is playing out in our small corner of the global economy. Read More →
Santa Barbara weighs the meaning of high-rise
It’s the 40th anniversary of Woodstock, and all across the city of Santa Barbara, aging baby boomers are debating a serious question: How high can we get in this city? We’re not talking about the strength of the marijuana at the local dispensary or the true meaning of Sly and the Family Stone lyrics. We’re Read More →
Ventura County vacancies low in first half, despite recession
The struggling rental market is sometimes forgotten in all the housing market hoopla, but that’s exactly what NAI Capital’s mid-year report explores. The Los Angeles-based firm said downward pressure in the single-family residence market has created a small boom in the rental market, effectively stalling the rise in vacancies. “Although we have seen little Read More →
