PennyMac counts on family, Countrywide ties
Banking & Finance, Top Stories, Tri-County Public CompaniesPennyMac, the Moorpark-based firm founded by former top brass at Countrywide Financial Corp., has inked a $550 million loan repurchasing deal with Bank of America. The deal forms a half-billion-dollar pact among three companies that have been intimately connected since shortly after Countrywide, the firm at the heart of the subprime loan meltdown, was Read More →
Santa Maria, remixed: City looks for winning formula
Central Coast, Real Estate, Top Stories, Tri-County EconomyA year after Santa Maria got a new theater complex and a Fallas Discount Store moved into the space formerly occupied by a Mervyn’s department store, city leaders are still scratching their heads over how best to revitalize its struggling retail core.
L.A. developer snaps up Isla Vista complex for $6M
Columns, Real Estate, South Coast, Tri-County EconomyLos Angeles investment firm Majestic Asset Management has purchased a 36-unit apartment complex in Isla Vista for about $6 million.
Found in the wilderness: Queen bed, hot shower, soft sheets
Central Coast, South Coast, Top Stories, Tourism, Tri-County EconomyGlamping, short for glamor camping, is a niche segment of the outdoor recreation industry. A number of long-standing Central and South Coast retreats are cashing in as the trend’s popularity peaks.
Simi Valley hotel dreams take flight with Hummingbird development
East Ventura County, Real Estate, Top Stories, Tourism, Tri-County EconomyIn a bid to attract more tourism dollars from nearby Los Angeles, city officials in Simi Valley are pinning their hopes on the development of a five-star hotel at Hummingbird Nest Ranch. But the developer behind the 126-acre ranch says the largest component of the resort development hinges on how well the early phases Read More →
