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 →
Buena Vista Apartments in Paso Robles sell for $5.8 million
The 142-unit Buena Vista Apartments in Paso Robles sold for more than $5.8 million. The 202,299-square-foot multifamily property at 708-1002 Experimental Station Road is on 12.5 acres adjacent to Highway 46 just east of downtown. MBK Rental Living LLC purchased the property from Arjun Buena Vista Properties LLC, which was represented by Lee & Associate’s Read More →
Housing solution key to strong Central Coast economy
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Thousand Oaks property will become medical clinic
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Owners make big investments in waterfront hotels
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Developments reshaping downtown San Luis Obispo
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