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[Editor’s note: See correction appended below.] Santa Barbara hotelier Patrick Nesbitt has placed a portfolio of eight Embassy Suites hotels into Chapter 11 bankruptcy, listing at least $100 million in debts. The bankruptcy filing, which gives Nesbitt’s companies protection from creditors while they restructure their debts, arises from a dispute with a lender over a Read More →
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A 1.2 million-square-foot office park in Camarillo has changed hands, marking the largest industrial property deal in the region’s history. The $59.1 million sale of the Mission Oaks Corporate Center to Los Angeles-based Rexford Industrial also edges out the 2002 sale of Oxnard’s 13-building Topa Tower financial plaza, which was purchased by the late Los Read More →
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