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Entitlements done, Investec finds $10M exit from Carpinteria property

By   /  Monday, November 8th, 2010  /  Columns, Real Estate  /  Comments Off on Entitlements done, Investec finds $10M exit from Carpinteria property

The 12-acre residential portion of Carpinteria’s Lagunitas mixed-use project recently sold for $10 million, a move the seller says frees it up to focus on what it does best. “I am not as enamored with building as I am with entitling and getting things approved,” Ken Slaught, president of Investec Real Estate Companies, told the Read More →

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It’s a slow recovery all over the region in commercial real estate

By   /  Monday, November 1st, 2010  /  Columns, Real Estate  /  Comments Off on It’s a slow recovery all over the region in commercial real estate

Commercial real estate firms are also rolling out their third-quarter market reports.

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Investec sells $10M property

By   /  Monday, November 1st, 2010  /  Real Estate  /  Comments Off on Investec sells $10M property

Investec Real Estate Companies announced Oct. 27 that it has sold a 12-acre residential property in Carpinteria to a developer who plans to build 73 homes there next year. The property, which is part of the Lagunitas mixed-use development, sold for $10 million, Investec said. Investec will keep the 13-acre office portion of Lagunitas. The Read More →

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Hertel partner files $128M bankruptcy

By   /  Friday, October 29th, 2010  /  Real Estate, Top Stories  /  Comments Off on Hertel partner files $128M bankruptcy

Almost two years after Ventura-based developer R.W. Hertel & Sons was forced into bankruptcy by its creditors, one partner is left holding the bag. Bob Fowler filed one of the largest personal bankruptcies in tri-county history on Sept. 26, listing $127.6 million in debts. Of those liabilities, $105.6 million are personal guarantees Fowler made on Read More →

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Foreclosure freeze won

By   /  Monday, October 25th, 2010  /  Real Estate, Top Stories, Tri-County Economy  /  Comments Off on Foreclosure freeze won

As the nation’s largest home lenders continue their self-imposed foreclosure freezes, economists in the tri-county region say the residential real estate market’s search for the bottom is being delayed. The Tri-Counties had more than 1,200 homes in foreclosure at the end of the second quarter, according to information from research firm DataQuick. That’s up more Read More →

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SBA-backed deals are propping up commercial real estate market

By   /  Monday, October 25th, 2010  /  Columns, Real Estate, Small Business  /  Comments Off on SBA-backed deals are propping up commercial real estate market

Small businesses are starting to look like the heroes in the commercial real estate market’s turnaround tale. Businesses buying property for their own use, also known as owner-users, have fueled a number of deals in the Tri-Counties recently, many of them aided by financing through U.S. Small Business Administration lending programs. In Oxnard, Industrial Park Read More →

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Downtown’s starring role: Atascadero will get new movie theater, retail center

By   /  Monday, October 18th, 2010  /  Features, Real Estate, Tri-County Economy  /  Comments Off on Downtown’s starring role: Atascadero will get new movie theater, retail center

Atascadero’s small-town days may be numbered. The city of 28,000 people has several large developments in the pipeline, including its $13 million Colony Square project, which would bring 14,000 square feet of retail space and 10 movie screens to the currently theater-less city. Plans for a 130,000-square-foot Wal-Mart are about halfway through the environmental review Read More →

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