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Lineage Logistics unveils new cold-storage facility in Santa Maria

By   /  Monday, September 29th, 2014  /  Agribusiness, Central Coast, Real Estate, Tri-County Economy  /  Comments Off on Lineage Logistics unveils new cold-storage facility in Santa Maria

Lineage Logistics, owned and managed by Bay Grove Capital, has officially opened the doors of its new 216,000-square-foot cold storage and food-processing facility in Santa Maria. The company declined to share a dollar figure for the project, which is Leadership in Energy and Environmental Design-certified. The company has not provided a dollar figure associated with Read More →

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Upper State Street retail center sells for $3.1M

By   /  Monday, September 29th, 2014  /  Real Estate, South Coast, Tri-County Economy  /  Comments Off on Upper State Street retail center sells for $3.1M

Ontare Plaza, a small retail center at 3601-3607 State St. in Santa Barbara, has been sold for $3.1 million. Leisure & Carpenter Properties purchased the 4,855-square-foot property in a 1031 exchange, a Lee & Associates spokesperson told the Business Times. Clarice Clark and Stephen Leider of Lee & Associates negotiated the deal for the seller, Read More →

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Chumash award $112M hotel contract, eye October groundbreaking

By   /  Monday, September 29th, 2014  /  Central Coast, Real Estate, Top Stories, Tourism, Tri-County Economy  /  1 Comment

  Tutor Perini Corp. has been selected to head up construction of the Santa Ynez Band of Chumash Indians’ controversial hotel expansion project. The building contract for the property at 3400 E. Highway 246 in Santa Ynez is valued at $112 million, Sylmar-based Tutor Perini said in a statement. It’s the first time a dollar Read More →

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T.O. Boulevard revamp hinges on key project

By   /  Friday, September 26th, 2014  /  East Ventura County, Real Estate, Tri-County Economy  /  Comments Off on T.O. Boulevard revamp hinges on key project

Champions of the Thousand Oaks Boulevard Specific Plan are feverishly optimistic in their expectations for the future of the three-mile-long, mostly commercial corridor. But some remaining constraints are putting all eyes on the fate of one particular project — developer Rick Principe’s 53-unit mixed-use concept at 1850 Thousand Oaks Blvd.

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PB Cos. sets sights on building out SLO’s Marsh Street corridor

By   /  Friday, September 26th, 2014  /  Central Coast, Real Estate, Tri-County Economy  /  Comments Off on PB Cos. sets sights on building out SLO’s Marsh Street corridor

PB Companies is not slowing down in its quest to bring new residential and commercial development to San Luis Obispo.

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Schaff buys Goleta offices from Towbes for $26.4M

By   /  Monday, September 22nd, 2014  /  Real Estate, South Coast, Top Stories, Tri-County Economy  /  Comments Off on Schaff buys Goleta offices from Towbes for $26.4M

  South Coast real estate investor Victor Schaff has purchased a 120,000-square-foot-property in Goleta for $26.4 million. The property, which includes two 60,000-square-foot office buildings on a 10-acre parcel at 75 Coromar Drive in the Raytheon Business Park, was sold by Santa Barbara-based Towbes Capital Partners, the private-equity real estate affiliate of The Towbes Group. Read More →

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Haas Automation plots expansion in California after deal with state

By   /  Friday, September 19th, 2014  /  East Ventura County, Real Estate, Technology, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on Haas Automation plots expansion in California after deal with state

Oxnard-based Haas Automation has struck a deal with state tax officials that could secure another machine-tool factory and thousands of high-end manufacturing jobs for Ventura County, according to people familiar with the company’s expansion plans.