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Latest

Avis Rent a Car property in Funk Zone purchased for $2.5 million

By   /  Tuesday, October 11th, 2016  /  Latest news, Real Estate  /  Comments Off on Avis Rent a Car property in Funk Zone purchased for $2.5 million

The Avis Rent A Car location in Santa Barbara’s Funk Zone was purchased in a sale-leaseback transaction for more than $2.5 million, Lee & Associates announced on Oct. 11. The transaction of the 1,350-square-foot property at 34 E. Montecito St. marked a record-setting price per square foot at $1,866, said Lee & Associates’ Rob Adams, Read More →

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Latest

Lure Fish House property in Westlake Village sold

By   /  Monday, October 10th, 2016  /  East Ventura County, Latest news, Real Estate  /  Comments Off on Lure Fish House property in Westlake Village sold

Story updated Oct. 13 at 10 p.m.:  The Lure Fish House property in Westlake Village was sold for $6 million to private investor Lucrit LLC, Westcord Commercial Group announced on Oct. 10. The 7,470-square-foot property sits on a 1.76-acre parcel at 30970 Russell Ranch Road. Tony Principe of Westcord and Kamal Banki represented the buyer Read More →

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Lloyd Properties donates 860 acres on Ventura hillsides to conservation trust

By   /  Monday, October 10th, 2016  /  Agriculture, Latest news, Real Estate  /  Comments Off on Lloyd Properties donates 860 acres on Ventura hillsides to conservation trust

Owners of the Lloyd Ranch in Ventura donated 860 acres of agricultural and open space to the Rancho San Buenaventura Conservation Trust. Gary Brummett, president of Lloyd Properties, said he is proud to partner with the conservation trust to preserve part of the Ventura hillsides, an area that has been eyed by developers for many Read More →

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SLO County formulating plan to encourage affordable housing

By   /  Friday, October 7th, 2016  /  Columns, Latest news, Real Estate  /  Comments Off on SLO County formulating plan to encourage affordable housing

The San Luis Obispo County Board of Supervisors is moving forward with a plan that aims to facilitate more affordable housing development. Policy recommendations included streamlining the permitting process, expanding multifamily residential zoning, reducing fees for affordable housing developments and scaling them to unit sizes rather than number of units, allowing secondary dwelling units in Read More →

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Latest

VC housing projects can’t compete for state funds

By   /  Friday, October 7th, 2016  /  East Ventura County, Real Estate, Top Stories, Top Story, West Ventura County  /  Comments Off on VC housing projects can’t compete for state funds

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Latest

Thousand Oaks apartment complex sells for $67 million

By   /  Thursday, October 6th, 2016  /  Latest news, Real Estate  /  Comments Off on Thousand Oaks apartment complex sells for $67 million

A 191-unit multifamily community at 491 W. Gainsborough Road in Thousand Oaks sold for $67 million. Pacific Urban Residential bought the property from IMT Capital LLC, according to Greg Harris of Marcus & Millichap who coordinated the deal. “The acquisition provided the buyer with the opportunity to enter a highly coveted market supported by the Read More →

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Latest

LTC Properties increases dividend to 19 cents per share

By   /  Monday, October 3rd, 2016  /  Earnings, Latest news, Real Estate, Tri-County Public Companies  /  Comments Off on LTC Properties increases dividend to 19 cents per share

Westlake Village-based LTC Properties increased its monthly dividend on its common stock to 19 cents per share for the fourth quarter, the company announced on Oct. 3. The dividend was a 5.6 percent increase from the 18-cent dividend in the previous quarter. It is payable on Oct. 31, Nov. 30 and Dec. 30 to stockholders Read More →

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