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Governor pays tribute to Towbes at memorial service

By   /  Tuesday, May 23rd, 2017  /  Banking Industry, Latest news, Real Estate, South Coast  /  Comments Off on Governor pays tribute to Towbes at memorial service

Gov. Jerry Brown made a rare appearance in Santa Barbara on May 23, paying a brief but personal tribute to tri-county businessman Michael Towbes. Towbes died April 11 after a battle with pancreatic cancer. He was 87. Speaking at a memorial service that filled the Granada Theatre, Brown described Towbes as “a helluva guy.” Towbes, Read More →

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Housing conference calls for new supply, development

By   /  Friday, May 19th, 2017  /  East Ventura County, Latest news, Real Estate, South Coast, Tri-County Economy, West Ventura County  /  Comments Off on Housing conference calls for new supply, development

Some of the region’s most prominent housing experts converged in downtown Santa Barbara on May 19 for an all-day conference hosted by the Coastal Housing Coalition. In the morning’s keynote speech, Matthew Fienup, executive director of the Center for Economic Research and Forecasting at California Lutheran University in Thousand Oaks, said the high cost of housing Read More →

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Goleta flourishes but city officials remaining prudent

By   /  Friday, May 19th, 2017  /  left, Real Estate, South Coast, Tourism  /  Comments Off on Goleta flourishes but city officials remaining prudent

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Isla Vista apartment projects sell for a combined $51.8M

By   /  Friday, May 19th, 2017  /  Columns, Latest news, Real Estate  /  Comments Off on Isla Vista apartment projects sell for a combined $51.8M

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Sales tax increase could backfire

By   /  Friday, May 12th, 2017  /  Real Estate, right, Small Business, South Coast, Tourism, Tri-County Economy  /  Comments Off on Sales tax increase could backfire

New managers of the Paseo Nuevo mall in downtown Santa Barbara plan to add new tenants and make renovations. (Alex Kacik)

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Investor-owners can get more out of retail property leases

By   /  Friday, May 12th, 2017  /  Columns, Latest news, Real Estate  /  Comments Off on Investor-owners can get more out of retail property leases

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First quarter profit up at LTC Properties

By   /  Monday, May 8th, 2017  /  Earnings, Latest news, Real Estate, Tri-County Public Companies  /  Comments Off on First quarter profit up at LTC Properties

Westlake Village-based LTC Properties on May 8 reported $21.4 million in profit for the first quarter of 2017, or 54 cents per diluted share, up from $19.8 million, or 53 cents per diluted share, during the first quarter of 2016. LTC Properties is a real estate investment trust that buys facilities such as nursing homes. Read More →

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