Ventura County Community College District closes escrow on new administration center
The Ventura County Community College District closed escrow on its new district administrative center at 761 E. Daily Drive in Camarillo, which VCCCD purchased for $7 million. “Moving the administration building to the center of the district will benefit everyone,” Chancellor Bernard Luskin said in a news release issued on Nov. 16. “In addition, the new Read More →
Oxnard apartment complex sells for $30.7 million
A 168-unit multifamily development in Oxnard was purchased for $30.7 million. Los Angeles-based real estate investment firm JRK Property Holdings acquired the property at 2444 Alvarado St. near the open-air shopping center The Collection from a private investor, marking its second multifamily acquisition in Oxnard over the past two years. Rancho Solana borders the RiverPark Read More →
Building more affordable housing difficult for tri-county developers
Building affordable housing can be anything but affordable for developers. Developers often need some sort of subsidy for affordable projects to pencil out, given the fact that they will receive below-market rents. Yet, the arena for federal income tax credits is becoming increasingly competitive. Projects are rated on a point system for the Low-Income Housing Read More →
SOAR passage will stifle Ventura County economy
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SBCC Foundation buys Paul Mitchell site for cosmetology program
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PennyMac beats analyst estimates for third quarter earnings
Moorpark-based PennyMac Financial Services reported a $122.3 million profit on revenue of $291.4 million for the third quarter, exceeding Wall Street expectations on earnings per share and revenue. PennyMac Financial, which was founded by former Countrywide Financial Services executives after that company was acquired by Bank of America, reported earnings of $1.06 cents per diluted Read More →
LTC Properties beat analysts’ revenue estimates
Westlake Village-based LTC Properties beat analyst projections of revenue and matched funds from operations estimates in its third quarter earnings report. The real estate and investment trust reported $33.8 million in revenue, up from $28.5 million in the third quarter of 2015, surpassing analyst projections by $110,000. LTC Properties funds from operations per common share were Read More →
