New building up at Ventura County Office of Education
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SLO buildup: City’s tallest building approved for former Copeland property
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Hair: Report shows cracks in real estate market opened before pandemic
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Charges filed in Wolfe & Associates hacking case
Felony charges were filed Aug. 12 against six people suspected of hacking into the computer networks of Wolfe & Associates, a Santa Barbara-based property management firm, as part of an unemployment insurance fraud scheme. The suspects—Gordon Alan Welteren, Nicole Michelle Milan, William Lee Gormley and Christina Renata Hesler of San Diego; David Zarate of Oxnard; Read More →
PennyMac’s quarter to remember
With mortgage rates at record lows and the homebuying and refinancing markets booming, PennyMac Financial Services, a Westlake Village mortgage lender, and its real estate investment trust both reported strong financial results on Aug. 6. PennyMac Financial Services announced a net income of $352.7 million for the second quarter of 2020, or $4.39 per share, Read More →
Hair: Procore campus, listed at $48M, sells for undisclosed amount
Procore’s Carpinteria campus, which also houses a couple of other buildings, was recently sold to an out-of-town investor. The 9.3-acre shorefront campus at 6303-6309 Carpinteria Ave., once the headquarters of CKE Restaurants, was sold by an investment group, which Hayes Commercial Group partners Francois DeJohn and Steve Hayes represented in the sale. The three-building campus Read More →
LTC sees big revenue drop after rent losses
LTC Properties’ net income dropped more than 90 percent from the second quarter of 2019 to the second quarter of 2020, as the Westlake Village-based senior-housing property investment trust wrote off $17.7 million in rent. LTC’s stock dropped after the July 31 earnings announcement. It opened at $38.38 on Aug. 1 and was at $36.78 Read More →
