Tri-county commercial real estate activity likely to grow in 2017
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Hotels going up across Tri-Counties to meet demand
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Macy’s closings in Tri-Counties sign of shopping shift
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Australian firm using Yardi Systems software
Melbourne, Australia-based property investment and management firm DBR Property Services has adopted the Yardi Voyager property management software developed by Goleta-based Yardi Systems, Yardi announced on Jan. 4. DBR, which manages and advises high net worth families in Australia, will also implement Yardi’s Advanced Budgeting and Forecasting software that is integrated with Yardi Voyager’s tenant Read More →
Oak Park Shopping Center in Thousand Oaks sells for $28.3 million
The Oak Park Shopping Center in Thousand Oaks was sold for $28.3 million, CBRE Group announced on Jan. 5. New Oak Park LLC, represented by CBRE’s Alex Kozakov, Patrick Wade, Larry Tanji and Scott Siegel, sold the 74,300-square-foot center to a private investor, who was represented by Paley Commercial Real Estate. The center on Lindero Read More →
Macy’s closing stores in Simi Valley, Santa Barbara
Macy’s will close its Paseo Nuevo store in downtown Santa Barbara in early spring and a Simi Valley Town Center location mid-year, Macy’s announced on Jan. 4. The two tri-county locations are among 68 stores that will shutter in 2017 as part of a planned 100-store downsizing. The women’s store, one of two Macy’s Read More →
Avila Ranch housing project moves forward
The 720-home Avila Ranch project cleared a hurdle with the approval of the San Luis Obispo County Airport Land Use Commission on Dec. 22. With a 6-1 vote, the commission agreed with a county staff report that the project would not have a negative impact on the economic vitality or efficient operation of the airport. Read More →
