March 1, 2024
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Latest

PennyMac notches another strong earnings report

By   /  Monday, November 9th, 2020  /  Banking & Finance, Banking Industry, Earnings, East Ventura County, Latest news, Real Estate, Tri-County Economy, Tri-County Public Companies  /  Comments Off on PennyMac notches another strong earnings report

PennyMac Financial Services more than tripled its net income over the course of a year when it reported $535.2 million, or $7.03 per share, in its third quarter financial report, up from $121.5 million, or $1.51 per share, in the third quarter of 2019. The Westlake Village-based mortgage lender built on steam from a record Read More →

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CLU economists see opportunity in Ventura County’s struggles

By   /  Thursday, November 5th, 2020  /  East Ventura County, Latest news, Real Estate, Tri-County Economy, West Ventura County  /  Comments Off on CLU economists see opportunity in Ventura County’s struggles

Ventura County was already in an economically vulnerable place when the pandemic hit, according to the latest report from California Lutheran University’s Center for Economic Research and Forecasting. CLU CERF presented its research and findings in a live webcast on Nov. 5, focusing on where the county has been, where it is now and where Read More →

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NAI report describes ‘world of pain’ in CRE

By   /  Monday, November 2nd, 2020  /  Columns, Real Estate  /  Comments Off on NAI report describes ‘world of pain’ in CRE

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LTC earnings drop as pandemic hurts rent income

By   /  Friday, October 30th, 2020  /  Banking & Finance, Earnings, East Ventura County, Health Care & Life Science, Latest news, Real Estate, Tri-County Economy, Tri-County Public Companies  /  Comments Off on LTC earnings drop as pandemic hurts rent income

LTC Properties, a senior housing and health care real estate investment trust, posted another quarter of low net income when it filed its third quarter financial report on Oct. 29. The Westlake Villaged-based company announced a net income of $12.1 million, or 31 cents per diluted share, compared to $27.1 million, or 68 cents per Read More →

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Project Homekey Awards

By   /  Monday, October 26th, 2020  /  Columns, Real Estate  /  Comments Off on Project Homekey Awards

In the fifth round of Project Homekey awards, Gov. Gavin Newsom announced the city of San Luis Obispo will get more than $15 million to purchase the Motel 6 in Paso Robles and convert it into a homeless shelter. The Motel 6 has more than 120 units, and will be converted into an emergency homeless Read More →

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Trio of developers to bring 300 new homes to San Luis Obispo

By   /  Tuesday, October 20th, 2020  /  Latest news, Real Estate  /  Comments Off on Trio of developers to bring 300 new homes to San Luis Obispo

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Amazon coming to Oxnard next year

By   /  Friday, October 9th, 2020  /  left, Real Estate, Tri-County Economy, West Ventura County  /  Comments Off on Amazon coming to Oxnard next year

Amazon is opening a new fulfillment center at the Sakioka Farms Business Park in Oxnard, bringing more than 1,500 jobs with benefits when the facility opens next year. “This couldn’t have come at a better time, given the pandemic and the economic downturn,” City Councilwoman Carmen Ramirez said in a city news release. “The opportunity Read More →