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Pacifica Hotels, Eastern Real Estate team up on hostel takeover

By   /  Friday, August 22nd, 2014  /  Real Estate, South Coast, Top Stories, Tourism, Tri-County Economy  /  Comments Off on Pacifica Hotels, Eastern Real Estate team up on hostel takeover

Elijah Brumback

Last week, Santa Barbara firms Pacifica Hotels and Eastern Real Estate purchased the hostel from the Parker family.

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Architectural products maker to leave Carpinteria

By   /  Thursday, August 21st, 2014  /  Real Estate, South Coast, Top Stories, Tri-County Economy  /  Comments Off on Architectural products maker to leave Carpinteria

Forms+Surfaces plans to vacate its 65,000-square-foot campus in Carpinteria, a move that will affect 50 jobs as it shifts work to Arizona and other parts of California.

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Ventura County Credit Union purchases former Affinity Group HQ

By   /  Monday, August 18th, 2014  /  Banking & Finance, Banking Industry, East Ventura County, Real Estate, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on Ventura County Credit Union purchases former Affinity Group HQ

Ventura County Credit Union has purchased the 73,000-square-foot office building at 2575 Vista Del Mar Drive in Ventura for its new headquarters. The property was previously the corporate home of Affinity Group. The purchase price was not disclosed. The property previously changed hands for $4.4 million in late 2012, property records show. The credit union Read More →

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Santa Barbara Community Bank to open on Carrillo Street

By   /  Friday, August 15th, 2014  /  Banking & Finance, Banking Industry, Real Estate, South Coast, Tri-County Economy, West Ventura County  /  Comments Off on Santa Barbara Community Bank to open on Carrillo Street

OCB Bancorp has taken over the 1,600-square-foot space at 21 E. Carrillo St. in downtown Santa Barbara for its new Santa Barbara Community Bank division. The location is a new branch for Ojai-based OCB Bancorp, which announced last month that it had tapped veteran banker Eloy Ortega to lead its expansion into the South Coast. Read More →

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Simi Valley gains traction as Tylt expands

By   /  Friday, August 15th, 2014  /  East Ventura County, Real Estate, Technology, Top Stories, Tri-County Economy  /  Comments Off on Simi Valley gains traction as Tylt expands

A Simi Valley consumer electronics accessories firm is opening a new 60,000-square-foot headquarters to boost its staff, launch new brands and push its venture capital arm forward.

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Property owner looks to shed luxury condominium project

By   /  Friday, August 15th, 2014  /  Real Estate, South Coast, Tri-County Economy  /  Comments Off on Property owner looks to shed luxury condominium project

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80-acre home development in Orcutt sells

By   /  Monday, August 11th, 2014  /  Central Coast, Real Estate, Tri-County Economy  /  Comments Off on 80-acre home development in Orcutt sells

An 80-acre residential development in Orcutt has been sold for an undisclosed amount. The project, called Bradley Village, was purchased by an area investment group called Bradley Ventures after listing for $8 million, according to Hayes Commercial Group, which represented the buyer in the deal negotiations. Also known as Key Site 30, the project is Read More →