The Santa Ynez Band of Chumash Indians intends to break ground on its proposed $112 million hotel and casino expansion in October, just six months after the massive project was first announced.
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 →
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.
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 →
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 →
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 →
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.