February 27, 2024
Loading...
You are here:  Home  >  Real Estate  -  Page 170
Latest

Ryland’s Q3 profits jump 415% on higher home sales

By   /  Tuesday, October 29th, 2013  /  Banking & Finance, Earnings, Latest news, Real Estate, Tri-County Public Companies  /  Comments Off on Ryland’s Q3 profits jump 415% on higher home sales

Westlake Village-based Ryland Group made a roaring comeback in the third quarter, with profits up 415 percent to $53.6 million. The parent company of national homebuilder Ryland Homes said revenue rose 60.7 percent to $576.4 million on higher sales as the housing market continued to rebound.

Latest

Montecito investor gets sentencing date as ex-wife seeks bankruptcy

By   /  Friday, October 25th, 2013  /  Banking & Finance, Law & Goverment, Real Estate, Top Stories  /  Comments Off on Montecito investor gets sentencing date as ex-wife seeks bankruptcy

David Prenatt, the Montecito real estate investor who took in $18 million from more than a dozen people and then used the cash to support what a bankruptcy trustee called “lavish spending habits,” is headed for a sentencing in federal criminal court on Dec. 9.

Prenatt struck a deal with federal prosecutors this summer and pleaded guilty to giving false loan application information to Lompoc-based CoastHills Federal Credit Union. Prenatt’s creditors forced him into an involuntary bankruptcy proceeding in 2009. Earlier this fall, his former wife Maria Prenatt filed for personal bankruptcy claiming $27.1 million in debts.

Latest

Santa Barbara tourist hostel sells as developers eye lower State St.

By   /  Friday, October 25th, 2013  /  Columns, Real Estate, South Coast, Tourism  /  Comments Off on Santa Barbara tourist hostel sells as developers eye lower State St.

“We were drawn [to the property] by the proximity to the Amtrak station and lower State Street, but really the hostel is in its own class for budget-savvy kinds of travelers and international students,” said Jared Filippone, a vice president with Capitoline Properties, which recently purchased the hostel.

Latest

Massive retail and apartment project in Goleta is under way

By   /  Friday, October 18th, 2013  /  Columns, Real Estate, South Coast, Tri-County Economy  /  Comments Off on Massive retail and apartment project in Goleta is under way

Developer Westar Associates has broken ground on Hollister Village, a mixed-use project in Goleta that will include 266 apartments and a shopping center.

After years in the planning process that included fierce opposition from some neighborhood activists, Costa Mesa-based Westar secured approvals for the project at Hollister Avenue and Glen Annie Road in October 2012.

Latest

Banking on downtown SLO: Heritage Oaks buys former Union Bank building

By   /  Friday, October 18th, 2013  /  Banking & Finance, Banking Industry, Central Coast, Real Estate, Tri-County Economy  /  Comments Off on Banking on downtown SLO: Heritage Oaks buys former Union Bank building

The multimillion-dollar sale of a prime property in the heart of the Central Coast’s busiest downtown comes amid a flurry of building activity that had some developers bidding on the lot in hopes of developing the bank building’s adjacent parking lot, which faces the corner of Marsh and Osos streets. But the timing was too good for Heritage Oaks to pass the location up, said Simone Lagomarsino, the bank’s CEO.

Latest

Ventura apartments sell for $82M

By   /  Thursday, October 17th, 2013  /  Latest news, Real Estate  /  Comments Off on Ventura apartments sell for $82M

A 316-unit apartment complex in Ventura has changed hands for $82 million, one of the largest such deals in recent years. San Mateo-based private real estate investment management firm JB Matteson purchased the luxury Vanoni Ranch Apartments at 10676 Veronica Lane in Ventura. The seller was undisclosed. The apartment complex consists of 27 two-story buildings Read More →

Latest

Santa Barbara firm investing millions in out-of-state projects

By   /  Friday, October 11th, 2013  /  Columns, Real Estate  /  Comments Off on Santa Barbara firm investing millions in out-of-state projects

This article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.