L.A. developer snaps up Isla Vista complex for $6M
Los Angeles investment firm Majestic Asset Management has purchased a 36-unit apartment complex in Isla Vista for about $6 million.
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.
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.
Simi Valley hotel dreams take flight with Hummingbird development
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 →
Developers squabble over $8M RiverPark theater fund
As a new mixed-used housing project in downtown Oxnard lands on the table, the partners behind the development hope they can unlock a long-disputed $8 million that was once tied to the city’s redevelopment agency.
$8M Carpinteria office building changes hands
One of Carpinteria’s more notable office buildings is back in the hands of its previous owner. The 52,000-square-foot Class A property at 5464 Carpinteria Ave. was recently bought back from the entity that the previous investor sold it to. Transaction terms weren’t disclosed, but the brokerage firm behind the deal said the property was Read More →
