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Albertsons & Safeway to sell 168 stores before merger is approved

By   /  Friday, December 19th, 2014  /  Banking & Finance, Latest news, Real Estate, Restaurants, Top Stories, Tri-County Economy  /  1 Comment

The divestiture of the stores is part of another deal to secure FTC clearance for Albertons to acquire Safeway in a $9.2 billion deal. That transaction, which the companies are calling a merger, was announced in March and is expected to close in January.

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LTC Properties raises $24.5M through sale of shares

By   /  Friday, December 19th, 2014  /  Banking & Finance, Latest news, Real Estate, Top Stories, Tri-County Public Companies, West Ventura County  /  Comments Off on LTC Properties raises $24.5M through sale of shares

According to company filings, LTC will use the proceeds of the sale to pay down outstanding debt on its unsecured credit line, fund acquisitions and current development pipeline and for general corporate purposes.

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The Shopping Center Group makes West Coast retail play

By   /  Friday, December 19th, 2014  /  Columns, Latest news, Real Estate, Top Stories  /  Comments Off on The Shopping Center Group makes West Coast retail play

Atlanta-based retail real estate firm The Shopping Center Group recently opened its first West Coast office in Santa Barbara.

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Kimpton sold to UK hotel group in $430M deal, Miramar delayed

By   /  Tuesday, December 16th, 2014  /  Latest news, Real Estate, South Coast, Top Stories, Tourism  /  Comments Off on Kimpton sold to UK hotel group in $430M deal, Miramar delayed

The deal is touted as a move to accelerate growth of the new company’s brands in the U.S., particularly in Europe and Asia, where demand for boutique brands is on the rise.

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Former Raytheon property in Goleta sells for $2.8M

By   /  Monday, December 15th, 2014  /  Latest news, Real Estate, South Coast, Top Stories  /  Comments Off on Former Raytheon property in Goleta sells for $2.8M

Once home to aerospace and defense firm Raytheon, the industrial building at 5756 Thornwood Drive in Goleta has new owners, and improvements are on the way.

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$33M financing approved for Ventura apartment plan

By   /  Friday, December 12th, 2014  /  Columns, Latest news, Real Estate, Top Stories  /  Comments Off on $33M financing approved for Ventura apartment plan

CBRE Capital Markets’ Debt & Structured Finance team announced Dec. 9 that the firm secured a $33.1 million construction loan for Parklands Apartments, a 173-unit, high-end apartment development in Ventura.

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New lease marks turnaround of $17.8M deal

By   /  Friday, December 5th, 2014  /  Central Coast, Latest news, Real Estate, Top Stories, West Ventura County  /  Comments Off on New lease marks turnaround of $17.8M deal

Passing through Camarillo, commuters will soon have another reminder of their post-holiday weight loss goals as Fitness 19, a national health club chain, recently signed a 10-year lease for almost 20,000 square feet in the Camarillo Plaza Shopping Center. The lease also helps cement the turnaround of previously bankrupt retail property. “We are excited to Read More →