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Santa Maria, remixed: City looks for winning formula

By   /  Friday, July 18th, 2014  /  Central Coast, Real Estate, Top Stories, Tri-County Economy  /  Comments Off on Santa Maria, remixed: City looks for winning formula

A year after Santa Maria got a new theater complex and a Fallas Discount Store moved into the space formerly occupied by a Mervyn’s department store, city leaders are still scratching their heads over how best to revitalize its struggling retail core.

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Mixed-use project planned for midtown Santa Barbara corridor

By   /  Friday, July 18th, 2014  /  Real Estate, South Coast, Top Stories, Tri-County Economy  /  Comments Off on Mixed-use project planned for midtown Santa Barbara corridor

A new mixed-use development on upper De La Vina Street in Santa Barbara is the latest in a series of locally driven projects in the midtown neighborhood in the last few years.

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L.A. developer snaps up Isla Vista complex for $6M

By   /  Friday, July 18th, 2014  /  Columns, Real Estate, South Coast, Tri-County Economy  /  Comments Off on L.A. developer snaps up Isla Vista complex for $6M

Elijah Brumback

Los Angeles investment firm Majestic Asset Management has purchased a 36-unit apartment complex in Isla Vista for about $6 million.

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Pent-up demand drives surge of deals on Chapala Street

By   /  Friday, July 11th, 2014  /  Real Estate, South Coast, Tri-County Economy  /  Comments Off on Pent-up demand drives surge of deals on Chapala Street

With highly coveted square footage virtually unavailable on State Street in downtown Santa Barbara, many companies trying to stay in the market are gobbling up space on the nearby Chapala Street corridor.

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Historic Ventura hotel changes hands

By   /  Wednesday, July 9th, 2014  /  Real Estate, Top Stories, Tri-County Economy, West Ventura County  /  1 Comment

Sandpiper Capital Partners has purchased the 37-room Leewood Hotel in downtown Ventura from its longtime owner and plans to convert it to an apartment complex. The firm purchased the property for just under $2.7 million, Justin Egerer, founder and managing member of Sandpiper Capital Partners, said in an email to the Business Times. The property is Read More →

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Granada Tower fully leased after Peritus deal

By   /  Monday, July 7th, 2014  /  Latest news, Real Estate, South Coast  /  Comments Off on Granada Tower fully leased after Peritus deal

Santa Barbara-based Peritus Asset Management recently signed a long-term lease for the entire fourth floor of the Granada Tower, making the building fully leased.

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Simi Valley hotel dreams take flight with Hummingbird development

By   /  Friday, July 4th, 2014  /  East Ventura County, Real Estate, Top Stories, Tourism, Tri-County Economy  /  1 Comment

  In a bid to attract more tourism dollars from nearby Los Angeles, city officials in Simi Valley are pinning their hopes on the development of a five-star hotel at Hummingbird Nest Ranch. But the developer behind the 126-acre ranch says the largest component of the resort development hinges on how well the early phases Read More →