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.
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.
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.
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 →
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.
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 →