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Industrial portfolio in Camarillo sells for $23.4M

By   /  Wednesday, October 1st, 2014  /  Latest news, Real Estate, West Ventura County  /  Comments Off on Industrial portfolio in Camarillo sells for $23.4M

A large industrial portfolio in Camarillo recently changed hands to the tune of $23.4 million. Marcus Adams Properties recently acquired six multi-tenant and two single-tenant industrial buildings totaling 205,669 square feet, all located in the Flynn Road Industrial Park of Camarillo. At the time of sale, the properties were 96 percent leased with 28 different Read More →

Latest

News Corp. to buy Move for $950M

By   /  Tuesday, September 30th, 2014  /  Real Estate, Technology, Top Stories  /  Comments Off on News Corp. to buy Move for $950M

News Corp., the global media conglomerate controlled by Rupert Murdoch, plans to buy Move Inc. for $950 million in an all-cash deal. Move is based in Silicon Valley, but its largest facilities and most of its operations are in Westlake Village.

Latest

Lineage Logistics unveils new cold-storage facility in Santa Maria

By   /  Monday, September 29th, 2014  /  Agribusiness, Central Coast, Real Estate, Tri-County Economy  /  Comments Off on Lineage Logistics unveils new cold-storage facility in Santa Maria

Lineage Logistics, owned and managed by Bay Grove Capital, has officially opened the doors of its new 216,000-square-foot cold storage and food-processing facility in Santa Maria. The company declined to share a dollar figure for the project, which is Leadership in Energy and Environmental Design-certified. The company has not provided a dollar figure associated with Read More →

Latest

Upper State Street retail center sells for $3.1M

By   /  Monday, September 29th, 2014  /  Real Estate, South Coast, Tri-County Economy  /  Comments Off on Upper State Street retail center sells for $3.1M

Ontare Plaza, a small retail center at 3601-3607 State St. in Santa Barbara, has been sold for $3.1 million. Leisure & Carpenter Properties purchased the 4,855-square-foot property in a 1031 exchange, a Lee & Associates spokesperson told the Business Times. Clarice Clark and Stephen Leider of Lee & Associates negotiated the deal for the seller, Read More →

Latest

Chumash award $112M hotel contract, eye October groundbreaking

By   /  Monday, September 29th, 2014  /  Central Coast, Real Estate, Top Stories, Tourism, Tri-County Economy  /  1 Comment

  Tutor Perini Corp. has been selected to head up construction of the Santa Ynez Band of Chumash Indians’ controversial hotel expansion project. The building contract for the property at 3400 E. Highway 246 in Santa Ynez is valued at $112 million, Sylmar-based Tutor Perini said in a statement. It’s the first time a dollar Read More →

Latest

T.O. Boulevard revamp hinges on key project

By   /  Friday, September 26th, 2014  /  East Ventura County, Real Estate, Tri-County Economy  /  Comments Off on T.O. Boulevard revamp hinges on key project

Champions of the Thousand Oaks Boulevard Specific Plan are feverishly optimistic in their expectations for the future of the three-mile-long, mostly commercial corridor. But some remaining constraints are putting all eyes on the fate of one particular project — developer Rick Principe’s 53-unit mixed-use concept at 1850 Thousand Oaks Blvd.

Latest

PB Cos. sets sights on building out SLO’s Marsh Street corridor

By   /  Friday, September 26th, 2014  /  Central Coast, Real Estate, Tri-County Economy  /  Comments Off on PB Cos. sets sights on building out SLO’s Marsh Street corridor

PB Companies is not slowing down in its quest to bring new residential and commercial development to San Luis Obispo.