Velocity Financial reports earnings growth in Q3
Westlake Village-based mortgage lender Velocity Financial reported an increase in net income and net interest margin for the third quarter, compared to the same quarter last year, in an earnings statement released Nov. 3. Velocity reported net income of $8.02 million in the third quarter, or 23 cents per diluted share, compared to $3.5 million, Read More →
UCSB says it’s sticking with Munger’s mega-dorm
Despite drawing national attention and criticism, UC Santa Barbara isn’t backing down from the design of the proposed Munger Hall dormitory on the university’s campus. Charlie Munger, the 97-year-old vice chairman of Warren Buffet’s firm Berkshire Hathaway, has pledged $200 million to UCSB to build the student housing development. The project budget is “in the Read More →
Real Estate: Amazon warehouse in Simi Valley sells for $128M
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LTC properties reports decline in income and assets in Q3
Westlake Village-based LTC Properties saw its net income, total assets and funds from operations drop in the third quarter compared to a year earlier, the company said in its Oct. 28 earnings release. For the three months ended Sept. 30, LTC had net income of $10.9 million, or 28 cents per diluted share, down from Read More →
Real Estate: New CRE firm in region finds national retailer for State Street
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Real Estate: Limoneira closes first phase of Harvest project with 596 homes
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Ventura County leaders discuss housing shortages at conference in Oxnard
In 2021, California lawmakers in Sacramento passed at least 35 measures to address the housing crisis in the state. Local municipalities across California are dealing with a flurry of new housing-related laws and measures that could reshape the state’s housing landscape, and shift the balance of power on housing regulations away from cities and counties Read More →
