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Entitlements done, Investec finds $10M exit from Carpinteria property

By   /  Monday, November 8th, 2010  /  Columns, Real Estate  /  Comments Off on Entitlements done, Investec finds $10M exit from Carpinteria property

The 12-acre residential portion of Carpinteria’s Lagunitas mixed-use project recently sold for $10 million, a move the seller says frees it up to focus on what it does best. “I am not as enamored with building as I am with entitling and getting things approved,” Ken Slaught, president of Investec Real Estate Companies, told the Read More →

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Investec sells $10M property

By   /  Monday, November 1st, 2010  /  Real Estate  /  Comments Off on Investec sells $10M property

Investec Real Estate Companies announced Oct. 27 that it has sold a 12-acre residential property in Carpinteria to a developer who plans to build 73 homes there next year. The property, which is part of the Lagunitas mixed-use development, sold for $10 million, Investec said. Investec will keep the 13-acre office portion of Lagunitas. The Read More →

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UTC to buy rest of Clipper

By   /  Monday, October 25th, 2010  /  Latest news, Technology  /  Comments Off on UTC to buy rest of Clipper

United Technologies Corp., a multinational firm that owns nearly half of Carpinteria-based Clipper Windpower, has reached an agreement with Clipper to buy the rest of the turbine maker. UTC acquired 49.5 percent of Clipper in December in a deal that gave it the right to boost its stake to 55 percent in 2012 — or Read More →

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UTC takeover looms for Clipper Windpower

By   /  Monday, October 11th, 2010  /  Technology, Top Stories  /  Comments Off on UTC takeover looms for Clipper Windpower

After rocky sales timing put Clipper Windpower in a cash crunch, its largest investor is in position to take control of the Carpinteria company just as its long-term prospects brighten. In December, multinational conglomerate United Technologies Corp. acquired a 49.5 percent stake in Clipper in a transaction that pumped $206  million in new capital into the Read More →

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