Large multifamily property in Simi nets $95M in sale
The Landing at Arroyo, a 212-unit multifamily property in Simi Valley, was sold for $95 million on Aug. 29. The sale was announced by Simi Valley-based Institutional Property Advisors, a division of Marcus & Millichap. With the $95 million price tag, each unit sold and was worth $448,113. The property is located between California State Read More →
CLU interim president says ‘hard decisions’ likely coming
While California Lutheran University’s finances remain strong, some “hard decisions” are likely coming, John Nunes, the institution’s new interim president, told the Business Times Aug. 29. “We’re looking at some of the numbers and we see that the numbers in some cases are not heading in the direction that we want,” Nunes, who started his Read More →
Crime tourism group that targeted Central Coast indicted
Six people were arrested Aug. 28 for allegedly being part of a crime tourism group which operated nationwide, including in Santa Barbara and Ventura counties. The group allegedly engaged in burglaries, thefts, and other crimes, then laundered millions of dollars in illicit proceeds, law enforcement officials announced. Crime tourism theft groups are comprised of individuals, Read More →
Semtech shares beat Q2 estimates, stock gains 7%
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Same old story: Santa Barbara officials express need for housing
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UCSB wins $22M for new biofoundry on campus
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AI pluses, minuses in business sectors focus of CSUCI forum
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