May 16, 2022
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Real Estate: Temporary home in the cards for Players Casino in Ventura

By   /  Friday, November 5th, 2021  /  Columns, Latest news, Real Estate, right, South Coast, Subscriber content, Top Stories, Tri-County Economy  /  Comments Off on Real Estate: Temporary home in the cards for Players Casino in Ventura

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New owners have plans to transform Nordstrom building in downtown Santa Barbara

By   /  Thursday, November 4th, 2021  /  Latest news, Real Estate, South Coast, Top Stories, Top Story, Tri-County Economy  /  Comments Off on New owners have plans to transform Nordstrom building in downtown Santa Barbara

Three out-of-area firms have acquired the now-vacant building formerly occupied by Nordstrom in downtown Santa Barbara, the companies announced Nov. 4. Shopoff Realty Investments and Praelium Commercial Real Estate, both based in Orange County, bought the property in partnership with an affiliate of New York City-based Dune Real Estate Partners. Shopoff Realty Investments representatives declined Read More →

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Velocity Financial reports earnings growth in Q3

By   /  Wednesday, November 3rd, 2021  /  Banking & Finance, Banking Industry, Earnings, East Ventura County, Latest news, Real Estate, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Velocity Financial reports earnings growth in Q3

Westlake Village-based mortgage lender Velocity Financial reported an increase in net income and net interest margin for the third quarter, compared to the same quarter last year, in an earnings statement released Nov. 3. Velocity reported net income of $8.02 million in the third quarter, or 23 cents per diluted share, compared to $3.5 million, Read More →

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UCSB says it’s sticking with Munger’s mega-dorm

By   /  Tuesday, November 2nd, 2021  /  Higher Education, Latest news, Real Estate, South Coast, Top Stories, Top Story, Tri-County Economy  /  Comments Off on UCSB says it’s sticking with Munger’s mega-dorm

Despite drawing national attention and criticism, UC Santa Barbara isn’t backing down from the design of the proposed Munger Hall dormitory on the university’s campus. Charlie Munger, the 97-year-old vice chairman of Warren Buffet’s firm Berkshire Hathaway, has pledged $200 million to UCSB to build the student housing development. The project budget is “in the Read More →

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Real Estate: Amazon warehouse in Simi Valley sells for $128M

By   /  Friday, October 29th, 2021  /  Columns, Latest news, Real Estate, Subscriber content  /  Comments Off on Real Estate: Amazon warehouse in Simi Valley sells for $128M

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LTC properties reports decline in income and assets in Q3

By   /  Thursday, October 28th, 2021  /  Banking & Finance, Banking Industry, Earnings, East Ventura County, Latest news, Real Estate, Tri-County Economy, Tri-County Public Companies  /  Comments Off on LTC properties reports decline in income and assets in Q3

Westlake Village-based LTC Properties saw its net income, total assets and funds from operations drop in the third quarter compared to a year earlier, the company said in its Oct. 28 earnings release. For the three months ended Sept. 30, LTC had net income of $10.9 million, or 28 cents per diluted share, down from Read More →

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Real Estate: New CRE firm in region finds national retailer for State Street

By   /  Friday, October 22nd, 2021  /  Columns, Latest news, Real Estate, Subscriber content  /  Comments Off on Real Estate: New CRE firm in region finds national retailer for State Street

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