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Real estate market tight on the Central Coast

By   /  Friday, November 25th, 2016  /  Columns, Latest news, Real Estate  /  Comments Off on Real estate market tight on the Central Coast

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SLO County supervisors OK workforce housing pilot program

By   /  Wednesday, November 23rd, 2016  /  Central Coast, Latest news, Real Estate  /  Comments Off on SLO County supervisors OK workforce housing pilot program

The San Luis Obispo County Board of Supervisors approved a pilot program that aims to incentivize the development of more workforce housing. The program, which got a 3-2 nod at a Nov. 22 meeting, eases design guidelines and streamlines the review process. It reduces the requirement for developers to provide low-income housing or pay in-lieu Read More →

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Tri-Counties lacking enough ‘middle housing’

By   /  Friday, November 18th, 2016  /  Columns, Latest news, Real Estate  /  Comments Off on Tri-Counties lacking enough ‘middle housing’

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Ventura County Community College District closes escrow on new administration center

By   /  Thursday, November 17th, 2016  /  Education, Latest news, Real Estate  /  Comments Off on Ventura County Community College District closes escrow on new administration center

The Ventura County Community College District closed escrow on its new district administrative center at 761 E. Daily Drive in Camarillo, which VCCCD purchased for $7 million. “Moving the administration building to the center of the district will benefit everyone,” Chancellor Bernard Luskin said in a news release issued on Nov. 16. “In addition, the new Read More →

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Oxnard apartment complex sells for $30.7 million

By   /  Tuesday, November 15th, 2016  /  Latest news, Real Estate  /  Comments Off on Oxnard apartment complex sells for $30.7 million

A 168-unit multifamily development in Oxnard was purchased for $30.7 million. Los Angeles-based real estate investment firm JRK Property Holdings acquired the property at 2444 Alvarado St. near the open-air shopping center The Collection from a private investor, marking its second multifamily acquisition in Oxnard over the past two years. Rancho Solana borders the RiverPark Read More →

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Building more affordable housing difficult for tri-county developers

By   /  Friday, November 11th, 2016  /  Columns, Latest news, Real Estate  /  Comments Off on Building more affordable housing difficult for tri-county developers

Building affordable housing can be anything but affordable for developers. Developers often need some sort of subsidy for affordable projects to pencil out, given the fact that they will receive below-market rents. Yet, the arena for federal income tax credits is becoming increasingly competitive. Projects are rated on a point system for the Low-Income Housing Read More →

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SOAR passage will stifle Ventura County economy

By   /  Friday, November 11th, 2016  /  Agribusiness, East Ventura County, left, Real Estate, Tri-County Economy, West Ventura County  /  Comments Off on SOAR passage will stifle Ventura County economy

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