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PennyMac’s quarter to remember

By   /  Thursday, August 6th, 2020  /  Banking & Finance, Banking Industry, Earnings, East Ventura County, Real Estate, Top Stories, Top Story, Tri-County Economy, Tri-County Public Companies  /  No Comments

With mortgage rates at record lows and the homebuying and refinancing markets booming, PennyMac Financial Services, a Westlake Village mortgage lender, and its real estate investment trust both reported strong financial results on Aug. 6. PennyMac Financial Services announced a net income of $352.7 million for the second quarter of 2020, or $4.39 per share, Read More →

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Hair: Procore campus, listed at $48M, sells for undisclosed amount

By   /  Friday, July 31st, 2020  /  Latest news, Real Estate  /  No Comments

Carpinteria-based Procore Technologies moved up from No. 880 last year to No. 697 this year. (Nik Blaskovich)

Procore’s Carpinteria campus, which also houses a couple of other buildings, was recently sold to an out-of-town investor. The 9.3-acre shorefront campus at 6303-6309 Carpinteria Ave., once the headquarters of CKE Restaurants, was sold by an investment group, which Hayes Commercial Group partners Francois DeJohn and Steve Hayes represented in the sale. The three-building campus Read More →

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LTC sees big revenue drop after rent losses

By   /  Friday, July 31st, 2020  /  Banking & Finance, Earnings, East Ventura County, Latest news, Real Estate, Tri-County Public Companies  /  No Comments

LTC Properties’ net income dropped more than 90 percent from the second quarter of 2019 to the second quarter of 2020, as the Westlake Village-based senior-housing property investment trust wrote off $17.7 million in rent. LTC’s stock dropped after the July 31 earnings announcement. It opened at $38.38 on Aug. 1 and was at $36.78 Read More →

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Hair: State budget sets aside $8.3 million for housing in the face of pandemic

By   /  Friday, July 17th, 2020  /  Latest news, Real Estate  /  No Comments

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Simi Valley industrial building leased to undisclosed investor

By   /  Friday, July 10th, 2020  /  Latest news, Real Estate  /  No Comments

The industrial and office sectors of Ventura’s commercial real estate market continue to see action, even during a pandemic. A new industrial building in Simi Valley is already off the market. Newmark Knight Frank announced the lease of a 211,715-square-foot building in Simi Valley at 1757 Tapo Canyon Road. The Class A industrial building sits Read More →

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Developer plans to add 1,270 homes to the Nipomo region

By   /  Friday, July 3rd, 2020  /  Central Coast, Columns, Latest news, Real Estate  /  Comments Off on Developer plans to add 1,270 homes to the Nipomo region

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Hair: Ventura office building will be upgraded after $4.25M sale

By   /  Friday, June 26th, 2020  /  Columns, Latest news, Real Estate  /  Comments Off on Hair: Ventura office building will be upgraded after $4.25M sale

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