Profits rise at PennyMac firms
Moorpark-based PennyMac Financial Services said profits rose to $51.4 million on revenue of $130.4 million for the second quarter, beating Wall Street expectations for both measures.
LTC beats on revenues, meets on profits
Westlake Village-based LTC Properties beat revenue estimates in the second quarter as its funds from operations were up 17.8 percent to $22.5 million, or 64 cents per common diluted share, meeting Wall Street expectations.
Former Wonder Bread bakery slated for downtown Ventura apartments
A Ventura County investment group has purchased a former Wonder Bread bakery site in downtown Ventura and plans to build a 24-unit luxury apartment complex there. The property at 72 W. Santa Clara St. was sold for just over $1 million, according to Colliers International, which represented both parties in the deal. “City officials Read More →
A deep dive into real estate: Sandpiper slated to close first investment pool
Sandpiper Capital Partners is testing the depth of its investor network as it gets ready to close its first pooled real estate investment fund at the end of July.
Small beachside town seeks developer with the right touch
The Port San Luis Harbor District has released a request for proposals from qualified companies interested in taking on the redevelopment of the 32-acre RV resort and campground known as Harbor Terrace.
Caruso pushes forward with scaled-back Miramar plans
Los Angeles real estate magnate Rick Caruso is amending his plans for the multimillion-dollar revival of Miramar Beach Resort & Bungalows in Montecito to include a little more shrinkage. Caruso Affiliated received approval for the hotel in March 2011 after a years-long hearing process in which Seinfeld actress Julia Louis-Dreyfus, a neighbor of the Read More →
