Mortgage slowdown leads to income decline at PennyMac
NOTE: This article was posted May 9 and revised May 10 to correct an error in the headline and first sentence. PennyMac Financial Services reported net profits for the quarter, not a loss as we initially reported, while PennyMac Mortgage Investment Trust reported a loss. Amid a “challenging mortgage market,” Westlake Village-based mortgage lender PennyMac Read More →
Real Estate: Westlake Village office building sells for $35.1M
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Real Estate: Home goods company inks $13.9M lease on industrial building in Simi Valley
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Velocity Financial reports drop in earnings
Velocity Financial, a Westlake Village-based mortgage lender for small multifamily residential and commercial properties, reported a steep decline in earnings for the first quarter of 2022 when compared to a year earlier. In an earnings report released May 5, Velocity reported net income of $3.1 million, or 9 cents per share, down from $8.4 million, Read More →
Jim Copeland, San Luis Obispo business leader and French Hospital supporter, dies at 80
Jim Copeland, a San Luis Obispo entrepreneur, developer and philanthropist who co-founded a national sporting goods retail chain, died April 25 at the age of 80. Copeland was born in Berkeley and his family moved to the Central Coast when he was a child, according to his Legacy.com obituary. He graduated from San Luis Obispo Read More →
Real Estate: $21.5M medical building sells in Agoura Hills
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Real Estate: Former Amgen property sold, slated for residential development
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