The Ryland Group office in Westlake Village will close in 2016 following the company’s merger with Standard Pacific Homes. Homebuilders Ryland and Irvine-based Standard Pacific recently completed a $5.2-billion merger to create CalAtlantic Group, the nation’s fourth largest residential home developer. Larry Nicholson, former CEO of Ryland, will serve as CEO of the new Read More →
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By pacbiztimes / Friday, October 9th, 2015 / Columns, Latest news, Real Estate / Comments Off on Goleta building changes hands as tech company moves to Thousand Oaks
Goleta is losing one of its longtime tech firms to Thousand Oaks but accommodating an expanding homegrown company. Goleta-based BEI Sensors, which creates speed and position sensors for the defense, industrial and aerospace markets, consolidated its workforce to its 1461 Lawrence Drive headquarters in Thousand Oaks. The move made way for Goleta-based Integrated Procurement Read More →
Garden tool seller and repair business A-OK Power Equipment is expanding into Old Town Goleta. The Santa Barbara-based company recently signed a lease at a 5,562-square-foot space at 5777 Hollister Ave. Owner Jim Gally, who also owns Carpinteria Valley Lumber and Cantwell’s Markets, is expanding into his fifth location. A-OK Power Equipment is taking over Read More →
The Goodland Hotel in Goleta was sold to KHP Capital Partners for $40.9 million in September, property records show. The 158-room lodge was developed by Makar Properties, a privately owned real estate development company based in Newport Beach. Makar acquired the former Holiday Inn in June 2013 for $24 million and opened as The Goodland in Read More →
Ventura County’s economy is lagging. Its businesses are downsizing or defecting while the state’s economy is growing. A lack of new housing, new companies or existing business growth has translated to fewer jobs, high industrial vacancy, and rising home prices and apartment rental rates. Strict development regulations may continue to stifle the region’s growth. Those Read More →