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Former El Torito property on waterfront sells for $7.2 million

By   /  Thursday, February 2nd, 2017  /  Latest news, Real Estate  /  Comments Off on Former El Torito property on waterfront sells for $7.2 million

The former El Torito property on the Santa Barbara waterfront was sold for $7.2 million, Lee & Associates announced on Feb. 2. The owners are planning to re-tenant the space with a new undisclosed restaurant, the commercial real estate company said. The 9,500-square-foot space at 29 E. Cabrillo Boulevard has a 12,000-square-foot beachfront and sits Read More →

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PennyMac Financial beats Wall Street’s earnings estimates

By   /  Thursday, February 2nd, 2017  /  Earnings, Latest news, Real Estate, Tri-County Public Companies  /  Comments Off on PennyMac Financial beats Wall Street’s earnings estimates

Updated at 1 p.m. on Feb. 3: Moorpark-based PennyMac Financial Services reported net income of $113.8 million on revenue of $289.3 million for the fourth quarter of 2016, exceeding Wall Street’s expectations on earnings per share. PennyMac Financial, which was founded by former Countrywide Financial Services executives after that company was acquired by Bank of Read More →

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Denser, taller developments key to easing housing shortage

By   /  Friday, January 27th, 2017  /  Columns, Latest news, Real Estate  /  Comments Off on Denser, taller developments key to easing housing shortage

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Chumash reservation annexes Camp 4 in Santa Ynez

By   /  Monday, January 23rd, 2017  /  Agribusiness, Latest news, Real Estate  /  Comments Off on Chumash reservation annexes Camp 4 in Santa Ynez

The Bureau of Indian Affairs placed the 1,390 acres in Santa Ynez known as Camp 4 into federal trust Jan. 23, which will allow the Santa Ynez Band of Chumash Indians to begin building homes for its tribal members, the Chumash said. After several appeals since the Chumash submitted the application in 2013, the BIA Read More →

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Airstreams drive AutoCamp expansion plans

By   /  Friday, January 20th, 2017  /  Columns, Latest news, Real Estate, Small Business  /  Comments Off on Airstreams drive AutoCamp expansion plans

An AutoCamp Airstream trailer at the Santa Barbara company’s site on the Russian River. (Melanie Riccardi photo)   Story updated at 8 a.m. Jan. 23: AutoCamp’s successful Russian River expansion will fuel future growth, the Santa Barbara company said. Development company Mesa Lane Partners formed AutoCamp, which provides an affordable stay in a retro-style luxury Read More →

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Sares-Regis buys 29 acres at Conejo Spectrum in Thousand Oaks

By   /  Monday, January 16th, 2017  /  Latest news, Real Estate  /  Comments Off on Sares-Regis buys 29 acres at Conejo Spectrum in Thousand Oaks

The Sares-Regis Group bought 29 acres of land at the Conejo Spectrum Business Park in Thousand Oaks with plans to build out industrial buildings, according to Colliers International. The property management company with an office in Goleta partnered with an investment firm to purchase the land near Rancho Conejo Boulevard and Conejo Spectrum Drive for Read More →

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Orfalea price cut signals soft Ventura County office market

By   /  Friday, January 13th, 2017  /  Columns, Latest news, Real Estate  /  Comments Off on Orfalea price cut signals soft Ventura County office market

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