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 →
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 →
Trio of developers to bring 300 new homes to San Luis Obispo
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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 →
State Street property leased for downtown housing
The old Staples and Reid’s Appliance buildings in downtown Santa Barbara have been leased with plans to add 84 units of housing to the property. The new tenant has a 99-year ground lease for the property on lower State Street, Radius Commercial Real Estate announced Oct. 8. The city has given preliminary approvals to build Read More →
Oxnard in line for state funds to convert motel to housing
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Special on real estate as Buellton Albertsons sells for nearly $19 million
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