Investors happy to pay retail for prime shopping properties
Latest newsThere were no Black Friday markdowns on prime retail buildings in the Tri-Counties. In recent weeks, two high-profile retail properties have changed hands in deals totaling more than $31 million.
Sansum-Cottage deal heads to FTC for review
Health Care & Life Science, South Coast, Top Stories, Tri-County EconomyThe future of health care in South Santa Barbara County became considerably clearer in recent days, with the biggest merger in decades headed off for regulatory review and hiccups in the delivery of care through the state insurance exchange and to the poor largely resolved.
Target store in Westlake Village takes aim at mid-2014 opening
East Ventura County, Real Estate, Tri-County EconomyThis article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.
Simi mall owners pin turnaround plan on high-end theater anchor
East Ventura County, Real EstateOver the last three years, the new owners have gone through dozens of draft plans and contended with the demise of Simi Valley’s redevelopment agency. The developers have finally settled on a vision that will add a Studio Movie Grill as a second anchor tenant and build a new, centrally located parking lot.
With funds and new CEO, Neighborhood Clinics turn the corner
Health Care & Life Science, Nonprofits, South Coast, Top Stories, Tri-County EconomyThe struggling Santa Barbara Neighborhood Clinics nonprofit is narrowing its funding gap and has a strategic plan and new permanent CEO in place, putting it on track to become financially sustainable at a time when it looks to expand service to Goleta.
“Six months ago, we were in danger of closing our doors,” said Mark Palmer, president of the board.
$17.8M sale positions Camarillo shopping center for turnaround
Columns, Real Estate, Top StoriesThe bankrupt Camarillo Plaza community shopping center has been sold to an undisclosed Beverly Hills buyer for $17.8 million after receiving 20 separate offers. The 74,072-square-foot mall is located on Daily Drive at the intersection of Brently Avenue, across Highway 101 from the Camarillo Premium Outlets.
Ventura County leaders call for immigration reform
Agribusiness, East Ventura County, Tri-County Economy, West Ventura CountyBusiness and agriculture leaders speaking at a Nov. 8 economic forecast hosted by the California Lutheran University Center for Economic Research and Forecasting put forth a vocal call for immigration reform amid a deepening farm-labor shortage.
