High-end hotelier Rosewood will run Caruso’s Miramar resort
With luxury resort operator Rosewood Hotels & Resorts signed on to run the Miramar resort and a large construction loan secured, some of the final pieces of the nearly decade-long puzzle are falling into place. Terms of the agreement weren’t disclosed when the deal was announced on June 3. But talks between the two firms Read More →
Neverland Ranch on market for $100 million
Colony Capital, the Santa Monica-based firm headed by real estate mogul Tom Barrack, is trying to sell late pop star Michael Jackson’s notorious Neverland Ranch for $100 million. Located at 5225 Figueroa Mountain Road in Los Olivos, the property features a 12,500-square-foot, six-bedroom Normandy-style main house, a four-acre lake and waterfall and a pool. Additionally, Read More →
AppFolio files for $100M IPO
Goleta-based AppFolio filed with U.S. regulators May 18 for an initial public offering. The developer of cloud-based property management software listed $100 million as the initial fundraising target, however the size the IPO could change. The company did not stipulate how many shares it plans to sell. The move comes on the heels of Read More →
Bureaucrats move in to locale where winery irked neighbors
The Department of General Services, business manager for the state on the Central Coast, will consolidate a handful of offices into a renovated warehouse just outside of downtown San Luis Obispo. DGS recently signed a $15.4 million, 15-year lease for the former home of The Workshop Urban Wine Collective, a custom crush winery operation at Read More →
