Yardi acquires apartment research company
Yardi Systems, a Santa Barbara-based technology company focused on designing products for real estate and property management, said July 3 that it has acquired a company that compiles and publishes data on the apartment industry. Pierce-Eislen is an online technology company that provides up-to-the-minute data to the commercial multifamily housing industry. The company researches and Read More →
RRM Design Group merges with Peikert Group Architects
San Luis Obispo-based RRM Design Group and Santa Barbara-based Peikert Group Architects announced July 1 that the two architecture firms are becoming one. In the wake of the merger, PGA will continue to operate in Santa Barbara as an RRM company under the name of Peikert+RRM Design Group. RRM, for its part, will continue to Read More →
New Tahitian Apartments in IV sells for $14M
The New Tahitian Apartments, a 63-unit building in Isla Vista, has been sold to an investor in the region for $14.3 million. The deal is the largest sale of a multi-family property on the South Coast so far this year, according to a news release from Santa Barbara-based Radius Commercial Real Estate & Investments, which Read More →
SLO County mourns loss of Supervisor Paul Teixeira
The Central Coast received a bit of a shock June 27 when we learned that Paul Teixeira, the 4th District Supervisor for San Luis Obispo County, had passed away the night before from an apparent heart attack. Teixeira, who was just 57, was serving as chair of the board of supervisors at the time of Read More →
Nordman Cormany to shut down
Oxnard-based Nordman Cormany Hair & Compton, the largest law firm in the region as recently as 2011, has dissolved after more than 75 years in business. The firm said a number of retirements and departures over the last few years have forced it to close its doors this summer. “We are proud of our firm’s Read More →
Under pressure to sell itself, Vitesse plans $30M stock offering
Shares of Camarillo-based Vitesse Semiconductor Corp. were down 15 percent to $2.30 in mid-day trading June 19 as the company announced a public stock offering to raise up to $30 million. The move comes as the company faces pressure from Columbia Pacific Advisors, an investment firm that owns nearly 10 percent of Vitesse, to sell Read More →
