Ventura real estate investor is thinking big in Texas market
Dick Fausset is partying in Texas like it’s 1999. The California real estate investor and his Ventura-based firm, Fausset Neely, recently sold a 104,500-square-foot shopping center in Amarillo, Texas, for $4.4 million — twice as much as they paid for the property in 1998. The sale follows a year of scooping up more than 300,000 Read More →
Receiver in control of Moorpark office building as case hits court
Condor Corporate Center, a 130,000-square-foot office building in Moorpark, is at the center of a lawsuit alleging the owner is in default on a $16 million loan. A Ventura County Superior Court judge appointed a temporary receiver to take charge of the property in December and will consider appointing a permanent receiver later this month. Read More →
From the ashes of the market, a sober look at avoiding disaster
The founder of a Westlake Villag mortgage lending company recently penned a book on the real estate collapse – and how to profit going forward
Orfalea sues cousin and development partner
Paul Orfalea, the founder of Kinko’s and a major presence on the South Coast business and philanthropic scenes, is suing his cousin over $27.8 million in allegedly unpaid loans to a development company the two co-founded. Orfalea and cousin Gary Safady founded Beverly Hills-based O&S Holdings in 1992. Its projects in the Tri-Counties include Zodo’s Bowling Read More →
Carriage Square in Oxnard improves its future with Lowe
Oxnard’s Carriage Square’s developers secured $17.2 million in financing and said a Lowe’s and several smaller retailers will open at the project
