Thousand Oaks-based industrial conglomerate Teledyne Technologies saw sales dip but profits increase during the third quarter, according to figures released Nov. 3. Revenues for the company dipped to $526.8 million in the third quarter, compared to $551.7 during the third quarter of 2015. That missed analyst revenue estimates of $553 million, according to S&P Capital Read More →
By Staff Report / Thursday, November 3rd, 2016 / Latest news, Real Estate / Comments Off on LTC Properties beat analysts’ revenue estimates
Westlake Village-based LTC Properties beat analyst projections of revenue and matched funds from operations estimates in its third quarter earnings report. The real estate and investment trust reported $33.8 million in revenue, up from $28.5 million in the third quarter of 2015, surpassing analyst projections by $110,000. LTC Properties funds from operations per common share were Read More →
By Staff Report / Tuesday, November 1st, 2016 / Latest news, Real Estate / Comments Off on Buena Vista Apartments in Paso Robles sell for $5.8 million
The 142-unit Buena Vista Apartments in Paso Robles sold for more than $5.8 million. The 202,299-square-foot multifamily property at 708-1002 Experimental Station Road is on 12.5 acres adjacent to Highway 46 just east of downtown. MBK Rental Living LLC purchased the property from Arjun Buena Vista Properties LLC, which was represented by Lee & Associate’s Read More →
By Staff Report / Tuesday, November 1st, 2016 / Latest news / Comments Off on HUB International acquires Riviera Insurance
Chicago-based HUB International Insurance Services acquired Riviera Insurance Services in Santa Barbara, Hub announced on Nov. 1. Riviera’s Chris Hill and Steve Woodward, along with their staff, will join a team of more than 40 Tri-County brokers from San Luis Obispo to Westlake Village. Riviera will continue to operate from its location at 418 Chapala Read More →
Fresno-based Premier Valley Bank will acquire San Luis Obispo-based Founders Community Bank in a stock-and-cash transaction valued at approximately $29.1 million, or $21.87 per share, the companies announced on Oct. 31. The parent company of Premier, Heartland Financial USA, aims to acquire Founders, a wholly-owned subsidiary of Founders Bancorp, in a 70 percent stock and Read More →
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