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Oriental rug store may be razed for 4-story mixed-use project

By   /  Friday, July 31st, 2015  /  Columns, Real Estate  /  Comments Off on Oriental rug store may be razed for 4-story mixed-use project

The owners of Aga John Oriental Rugs want to demolish the company’s Santa Barbara retail store to make way for a new four-story mixed-use development. Located at 15 S. Hope St., just across from the La Cumbre Mall, the property was purchase by Aga John in 2005 from Wye Road Properties for $4.1 million. The Read More →

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Minus a plus for South Coast organization advocating workforce housing

By   /  Friday, July 24th, 2015  /  Columns, Latest news, Real Estate, South Coast  /  Comments Off on Minus a plus for South Coast organization advocating workforce housing

Craig Minus was recently elected president of the Coastal Housing Coalition Board of Directors as the organization marks a decade of advocating and creating opportunities to increase workforce housing on the South Coast. The appointment comes at a critical juncture as the supply of workforce housing has significantly decreased in the past several years, according Read More →

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SB real estate firm goes on $74M deal-making spree

By   /  Friday, July 17th, 2015  /  Columns, Real Estate  /  Comments Off on SB real estate firm goes on $74M deal-making spree

The Paskin Group, a Santa Barbara-based real estate outfit, announced recently that it closed its fourth deal in 12 months, acquiring a total of $74 million in assets during the period. Paskin’s portfolio, which consists of both commercial and multifamily residential properties, has expanded to 1.5 million square feet as a result of the deals. Read More →

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640 Santa Barbara City College students will get the boot from Isla Vista

By   /  Friday, July 17th, 2015  /  Latest news, Real Estate, Top Stories  /  Comments Off on 640 Santa Barbara City College students will get the boot from Isla Vista

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UCSB buys up apartment complexes for student housing

By   /  Tuesday, July 14th, 2015  /  Latest news, Real Estate, Top Stories  /  Comments Off on UCSB buys up apartment complexes for student housing

The University of California just dropped a huge chunk of change on a portfolio of student housing properties in Isla Vista. UC Santa Barbara today announced the acquisition of Tropicana Gardens, Tropicana Del Norte and the Tropicana Villas. Terms of the deals weren’t disclosed, but according to Business Times research all three properties were purchased Read More →

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Ventura land sale to homebuilder gives UC money for ag project

By   /  Friday, July 10th, 2015  /  Agribusiness, Columns, Latest news, Real Estate, Top Stories, West Ventura County  /  Comments Off on Ventura land sale to homebuilder gives UC money for ag project

A Santa Clarita-based homebuilder and developer has purchased a large chunk of agricultural land in the city of Ventura for $13.1 million. The roughly 36-acre parcel located at the southeast corner of Saticoy Avenue and Telegraph Road was sold to Williams Homes — the top bidder for the land — and comes with entitlements to Read More →

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UC sells ag land in Ventura to South Coast homebuilder, proceeds could help fund new research center

By   /  Thursday, July 2nd, 2015  /  Agribusiness, Latest news, Real Estate, South Coast, Top Stories  /  Comments Off on UC sells ag land in Ventura to South Coast homebuilder, proceeds could help fund new research center

The roughly 36-acre parcel located at the southeast corner of Saticoy Avenue and Telegraph road was sold to Williams Homes — the top bidder for the land — and comes with entitlements to build a new residential neighborhood.