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Camarillo industrial buildings sell for $23.4M

By   /  Thursday, September 11th, 2014  /  Real Estate, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on Camarillo industrial buildings sell for $23.4M

Marcus Adams Properties has purchased 205,669 square feet of space in the Flynn Road Industrial Park in Camarillo for $23.4 million. The Ventura-based firm said it bought six multi-tenant and two single-tenant industrial buildings in the business park. The properties were 96 percent leased with a total of 28 tenants at the time of the Read More →

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$2.6M deal marks record for Summerland CRE market

By   /  Monday, September 8th, 2014  /  Real Estate, Small Business, South Coast, Top Stories, Tourism, Tri-County Economy  /  Comments Off on $2.6M deal marks record for Summerland CRE market

  The recent sale of a high-profile mixed-use property on Lillie Avenue in Summerland marks the highest price per square foot for a commercial property larger that 2,000 square feet in the coastal town. The property, located at 2330 Lillie Ave. and home to Summerland Winery’s tasting room and Bonita Boutique, sold for more than Read More →

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Tank Farm rolls ahead: EIR approved for 332-acre Chevron project in SLO

By   /  Friday, September 5th, 2014  /  Central Coast, Real Estate, Top Stories, Tri-County Economy  /  Comments Off on Tank Farm rolls ahead: EIR approved for 332-acre Chevron project in SLO

Chevron and commercial real estate leaders says the project, which includes a business park at full build-out, will act as a catalyst for private-sector development in that portion of San Luis Obispo.

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Engineering a deal: Stantec buys Penfield & Smith

By   /  Friday, September 5th, 2014  /  Central Coast, East Ventura County, Real Estate, South Coast, West Ventura County  /  Comments Off on Engineering a deal: Stantec buys Penfield & Smith

Since coming out of the recession, Penfield & Smith had been growing between 5 percent and 10 percent annually but that the company wasn’t hitting its full potential, CEO Hady Izadpanah told the Business Times.

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Chevron gets SLO City Council approval for Tank Farm project

By   /  Wednesday, September 3rd, 2014  /  Central Coast, Real Estate, Top Stories, Tri-County Economy  /  Comments Off on Chevron gets SLO City Council approval for Tank Farm project

Chevron’s massive Tank Farm Road remediation and commercial project in San Luis Obispo took a big step forward on Sept. 2 as the City Council unanimously approved the final environmental impact report for the 332-acre site. The City Council also approved several amendments to the airport area specific plan. The approvals pave the way for Read More →

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29-acre home development in Fillmore gets council go-ahead

By   /  Friday, August 29th, 2014  /  Central Coast, Columns, East Ventura County, Real Estate, South Coast, Tri-County Economy, West Ventura County  /  Comments Off on 29-acre home development in Fillmore gets council go-ahead

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Stantec to buy tri-county engineering firm Penfield & Smith

By   /  Thursday, August 28th, 2014  /  Central Coast, East Ventura County, Real Estate, South Coast, Technology, Top Stories, West Ventura County  /  Comments Off on Stantec to buy tri-county engineering firm Penfield & Smith

Stantec, a large publicly traded design and consulting company, is acquiring Santa Barbara-based engineering firm Penfield & Smith. Terms of the deal, expected to close in October, were not disclosed. Penfield & Smith has regional offices in Santa Barbara, Camarillo and Santa Maria. The company had revenue of $16 million last year, according to Business Read More →

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