A shopping center property owned by the city of Thousand Oaks will be sold to Los Angeles development mogul Rick Caruso, who plans to add a six-story apartment building to the site. The much-anticipated transaction required approval from the Thousand Oaks City Council, which voted 3-2 in favor of the deal on Nov. 30. The Read More →
The Housing Trust Fund Ventura County announced a $1 million contribution from Bank of the Sierra on Nov. 30, to fund the nonprofit’s loans to developers who build affordable housing in Ventura County. The award is designated for the organization’s Everyone Deserves a Home Revolving Loan Fund. The community impact note will be pooled with Read More →
The Santa Barbara commercial real estate market has faced its ups and downs this year, according to Radius Commercial Real Estate General Manager Brian Johnson. Speaking at Santa Barbara Executive Roundtable’s annual economic forecast on Nov. 11, Johnson said leasing in the area is down “heavily.” The third quarter of 2021 produced just 49 new Read More →
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In recognition of community enrichment through compassion, 179 Central Coast nonprofits received a boost from Montecito Bank & Trust after persevering through 20 months of pandemic-related changes. The bank awarded those nonprofits from Santa Barbara and Ventura counties with a total of $1.2 million at its 19th annual Community Dividends program on Nov. 22. The Read More →
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