Nonprofit seizes opportunity to turn hassle into new facility
Columns, Nonprofits, Real EstateQuestion: The city wants to extend a road through your property, right through a corner where several key buildings are located. What do you do? (a) Put up a fight. (b) Sell the city the land, and use the proceeds as seed money to build a new facility on your remaining property. Santa Maria-based VTC Read More →
Apartments a bright spot in South Coast real estate market
ColumnsThe South Coast apartment market has seen more than $77 million in property sales this year, according to commercial real estate brokers at Radius Group’s Santa Barbara County Real Estate and Economic Outlook on Sept. 16. The largest sale was the $37.4 million purchase of the Fontainebleu apartments in Isla Vista. Chicago-based Blue Vista Capital Read More →
Power-One shows California lacks spark
ColumnsIt’s hard to find a better turnaround story than Power-One. The Camarillo-based company took a secondary product line from an Italian company it had purchased and bet the farm on a new line of business — producing devices called inverters that are crucial to regulating the power output of wind turbines and solar panel arrays. Read More →
Kavli sues former employee of real estate firm
UncategorizedInternational science icon and real estate mogul Fred Kavli is suing a much smaller competitor. In a lawsuit filed in Ventura County Superior Court in late August, Kavli alleges that a former employee of his Oxnard-based real estate firm Sunbelt Enterprises misappropriated trade secrets, breached fiduciary duties and is unfairly competing with him. Defendant David Read More →
