Investors plan to boost apartment portfolios despite GSE cutback
Even as the Obama administration reins in the massive government-sponsored entities Fannie Mae and Freddie Mac, tri-county real estate investors say the shift will likely have a nominal effect on the region’s robust apartment investment market.
Led by Parker inn, hotels to make headway in 2014
After several false starts over the years, the Fess Parker family is moving forward with revised plans for its second waterfront hotel in Santa Barbara, one of a few hotel developments in the city that could see progress in the New Year.
SLO Spencer’s to close, be replaced by Grocery Outlet
Spencer’s Fresh Markets in the Laguna Village Shopping Center in San Luis Obispo is closing at the end of January and will be replaced by two new stores, according to the business and mall management.
In the Zone: Investors cash out on redevelopment projects
Three recent commercial property sales totaling $20 million cap several years of investment and a burst of development in Santa Barbara’s Funk Zone area.
