Tight housing market in Ventura County lures investors
East Ventura County, Real Estate, rightThis 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.
720-unit mixed development near SLO Airport clears hurdle
Columns, Latest news, Real EstateThe San Luis Obispo Architectural Review Commission gave the nod to a proposed 720-unit mixed-use development near the SLO Airport. The 150-acre Avila Ranch project north of Buckley Road would include a variety of housing types, 15,000 square feet of commercial development, infrastructure improvements, 16 acres of parkland and 55 acres of open space and Read More →
Phillips 66 proposes fewer trains for rail expansion at Santa Maria refinery
Central Coast, Energy, Latest newsPhillips 66 is now proposing to run fewer trains for its rail expansion project at its Santa Maria refinery in an attempt to allay the San Luis Obispo County Planning Commission’s environmental concerns. For its original five weekly trains proposal, county staff noted 11 significant and unavoidable environmental impacts associated with the increased operations at Read More →
Community West Bank hires 2 executives
Banking & Finance, Banking Industry, Latest newsGoleta-based Community West Bank has hired two new executives as the bank expands into San Luis Obispo County and maps out future growth. The bank’s parent company, Community West Bancshares, announced on Feb. 1 that it hired Brian Schwabecher as its senior vice president and regional market manager and Elizabeth Crandall as the vice president Read More →
Santa Barbara County OKs ExxonMobil’s emergency permit to truck oil
Energy, Latest newsThe county of Santa Barbara has approved ExxonMobil’s emergency permit to truck oil. Exxon plans to transport 425,000 barrels of oil currently sitting in two tanks at its Las Flores Canyon storage facility to destinations up to 140 miles north on Highway 101. Trucking to empty the tanks is expected to take three to six Read More →
Decron Properties buys 391 Thousand Oaks apartment units for $126.5 million
East Ventura County, Latest news, Real EstateLos Angeles-based developer Decron Properties acquired a 391-unit multifamily apartment portfolio in Thousand Oaks for $126.5 million. The deal with Prometheus Real Estate Group included the 249-unit Los Robles Apartments and the 142-unit Marlowe Apartments located about a mile apart near Moorpark Road. The complexes feature swimming pools, clubhouses, fitness centers and large amounts of Read More →
American Riviera Bank reports income drop due to merger with Bank of Santa Barbara
Banking & Finance, Banking Industry, Latest newsAmerican Riviera Bank reported a 17 percent decrease in unaudited net income in 2015 as the institution prepared for its merger with The Bank of Santa Barbara. American Riviera acquired The Bank of Santa Barbara in an all-stock deal valued close to $18 million, creating a “force to be reckoned with,” said Joanne Funari, the Read More →
