$2.6M deal marks record for Summerland CRE market
The recent sale of a high-profile mixed-use property on Lillie Avenue in Summerland marks the highest price per square foot for a commercial property larger that 2,000 square feet in the coastal town. The property, located at 2330 Lillie Ave. and home to Summerland Winery’s tasting room and Bonita Boutique, sold for more than Read More →
Tank Farm rolls ahead: EIR approved for 332-acre Chevron project in SLO
Chevron and commercial real estate leaders says the project, which includes a business park at full build-out, will act as a catalyst for private-sector development in that portion of San Luis Obispo.
Engineering a deal: Stantec buys Penfield & Smith
Since coming out of the recession, Penfield & Smith had been growing between 5 percent and 10 percent annually but that the company wasn’t hitting its full potential, CEO Hady Izadpanah told the Business Times.
Chevron gets SLO City Council approval for Tank Farm project
Chevron’s massive Tank Farm Road remediation and commercial project in San Luis Obispo took a big step forward on Sept. 2 as the City Council unanimously approved the final environmental impact report for the 332-acre site. The City Council also approved several amendments to the airport area specific plan. The approvals pave the way for Read More →
29-acre home development in Fillmore gets council go-ahead
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Stantec to buy tri-county engineering firm Penfield & Smith
Stantec, a large publicly traded design and consulting company, is acquiring Santa Barbara-based engineering firm Penfield & Smith. Terms of the deal, expected to close in October, were not disclosed. Penfield & Smith has regional offices in Santa Barbara, Camarillo and Santa Maria. The company had revenue of $16 million last year, according to Business Read More →
HG Data signs up for space in Funk Zone
HG Data, a business intelligence firm, recently signed a 3.5-year lease for 9,000 square feet in a former dance studio at 1 N. Calle Cesar Chavez on Santa Barbara’s east side. The deal is yet another sign that young and growing tech companies favor Santa Barbara over cheaper, more easily-equipped spaces in Goleta or Read More →
