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San Luis Obispo County has a problem with workforce housing. It doesn’t exist, and nobody wants to build it.
The findings highlight a pervasive mismatch between the high price of even starter homes and the number of jobs that pay wages high enough to support those prices. Experts say the gap is a significant roadblock to the state’s economic growth.
Developer Westar Associates has broken ground on Hollister Village, a mixed-use project in Goleta that will include 266 apartments and a shopping center.
After years in the planning process that included fierce opposition from some neighborhood activists, Costa Mesa-based Westar secured approvals for the project at Hollister Avenue and Glen Annie Road in October 2012.
In a sharp turnaround for its legendary CEO’s view of California real estate, Berkshire Hathaway has put its name on the former Prudential California Real Estate operations on the Central Coast. The change became official Oct. 1 when the first Berkshire Hathaway signs were unveiled at a private home in Montecito that carries a $16.9 Read More →