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Street Smarts: Neverland Ranch sale leaves political footprints in Santa Ynez Valley

By   /  Thursday, December 31st, 2020  /  Columns, Latest news, Subscriber content  /  Comments Off on Street Smarts: Neverland Ranch sale leaves political footprints in Santa Ynez Valley

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Isla Vista landlord, management company settle civil case

By   /  Wednesday, December 23rd, 2020  /  Latest news, Law, Real Estate  /  Comments Off on Isla Vista landlord, management company settle civil case

The Santa Barbara County District Attorney’s Office reached a civil settlement Dec. 23 to resolve consumer protection complaints against two companies operating apartment complexes in Isla Vista. The civil complaints, filed in Santa Barbara Superior Court, contended that property owner CP910BMIV and property management company Isla Vista Luxury Living committed unlawful business practices by not Read More →

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Real Estate: Santa Barbara building is city’s biggest apartment sale of 2020

By   /  Friday, December 11th, 2020  /  Columns, Latest news, Real Estate, Subscriber content  /  Comments Off on Real Estate: Santa Barbara building is city’s biggest apartment sale of 2020

Beachside Partners announced the sale of the 25-unit San Pascual Apartments in Santa Barbara at the beginning of December. The apartments were off-market and sold for $9.45 million in cash, making the property the city’s largest multifamily property sale this year.

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More new homes on the way at San Luis Ranch

By   /  Tuesday, December 8th, 2020  /  Columns, Latest news, Real Estate, Subscriber content  /  Comments Off on More new homes on the way at San Luis Ranch

Presidio Residential Capital, Coastal Community Builders and Williams Homes are teaming up again to build almost 300 more homes in San Luis Obispo County.

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PennyMac notches another strong earnings report

By   /  Monday, November 9th, 2020  /  Banking & Finance, Banking Industry, Earnings, East Ventura County, Latest news, Real Estate, Tri-County Economy, Tri-County Public Companies  /  Comments Off on PennyMac notches another strong earnings report

PennyMac Financial Services more than tripled its net income over the course of a year when it reported $535.2 million, or $7.03 per share, in its third quarter financial report, up from $121.5 million, or $1.51 per share, in the third quarter of 2019. The Westlake Village-based mortgage lender built on steam from a record Read More →

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LTC earnings drop as pandemic hurts rent income

By   /  Friday, October 30th, 2020  /  Banking & Finance, Central Coast Health Watch, Earnings, East Ventura County, Latest news, Real Estate, Tri-County Economy, Tri-County Public Companies  /  Comments Off on LTC earnings drop as pandemic hurts rent income

LTC Properties, a senior housing and health care real estate investment trust, posted another quarter of low net income when it filed its third quarter financial report on Oct. 29. The Westlake Villaged-based company announced a net income of $12.1 million, or 31 cents per diluted share, compared to $27.1 million, or 68 cents per Read More →

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PennyMac’s quarter to remember

By   /  Thursday, August 6th, 2020  /  Banking & Finance, Banking Industry, Earnings, East Ventura County, Real Estate, Top Stories, Top Story, Tri-County Economy, Tri-County Public Companies  /  Comments Off on PennyMac’s quarter to remember

With mortgage rates at record lows and the homebuying and refinancing markets booming, PennyMac Financial Services, a Westlake Village mortgage lender, and its real estate investment trust both reported strong financial results on Aug. 6. PennyMac Financial Services announced a net income of $352.7 million for the second quarter of 2020, or $4.39 per share, Read More →

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