Real Estate: A new building breaks ground at UCSB; an old one donated in Camarillo
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Buildings in Calabasas, Camarillo sell in busy week for commercial real estate
Back-to-back multi-million commercial real estate sales on the Highway 101 corridor are showing that the market is moving again. The Park Calabasas, an office campus that has been home to Lockheed Martin and Countrywide Financial, sold for $79 million on April 1, and an industrial building in Camarillo sold for $6.5 million the day before. Read More →
Real Estate: Federal spending is stimulating retail, real estate sectors
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Faulkner Farm site in Santa Paula sells for $3.7M
Faulkner Farm in Santa Paula, the home of the University of California’s Hansen Agricultural Research and Extension Center, sold for $3,700,001, one dollar more than asking, when escrow closed on March 5. The farm was put up for sale in September, after the UC Division of Agriculture and Natural Resources decided to move its agricultural Read More →
Velocity Financial recovers from pandemic with strong fourth quarter
Velocity Financial saw its net income increase slightly from 2019 to 2020, even though the company’s loan production operations were suspended for more than half the year. The Westlake Village-based real estate finance company saw its net income go up 3%, from $17.3 million in 2019 to $17.8 million in 2020, according to earnings released Read More →
Macy’s building in downtown Santa Barbara to become office space
The site of the former Macy’s in downtown Santa Barbara is going to be turned into office space, introducing more than 132,000 square feet into the area’s office market. The building is at 701 State Street, in the Paseo Nuevo shopping center. It has three floors, and more than 40,000 square feet of space per Read More →
Real Estate: New industrial campus planned for Conejo Spectrum property
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