$17.8M sale positions Camarillo shopping center for turnaround
The bankrupt Camarillo Plaza community shopping center has been sold to an undisclosed Beverly Hills buyer for $17.8 million after receiving 20 separate offers. The 74,072-square-foot mall is located on Daily Drive at the intersection of Brently Avenue, across Highway 101 from the Camarillo Premium Outlets.
Nusil and Lynda.com are the king and queen of Carpinteria
During one very short year, the small, coastal city of Carpinteria has gone from an also-ran to the hottest market around when it comes to new job growth and filling commercial space. Research by the Business Times and Mark Schniepp’s California Economic Forecast shows that just two companies — Nusil and Lynda.com are mainly responsible for gobbling up thousands of square feet in Carp, which now is just about as fully leased up as at anytime since the dot-com era.
Sonos sets tone for tech firms as it snaps up downtown space
Music equipment maker Sonos markets some of the highest-quality audio equipment around, but the company is being very quiet as it snaps up thousands of square feet of space in downtown Santa Barbara. According to the brokers at Radius Group’s economic and commercial real estate forecast on Oct. 31, Sonos has now leased about 100,000 square feet of new space over the last year, and is looking for more.
Appellate attorneys lend eye for legal issues to trial lawyers
Let’s face it: Sometimes you lose. And sometimes, it’s really not your fault. Judges and juries are only human and can misapply the law to the facts. That’s where appellate attorneys come in. The region has a number of bar-certified appellate law specialists who work closely with trial attorneys on whether and how an appeal can be pursued.
New $20M software campus will put SLO at the cutting edge
At precisely 2:25 p.m. on Tuesday, Oct. 29, 2013, the future of San Luis Obispo county as an emerging hub for technology companies suddenly got a lot brighter.
That’s the moment when Mindbody CEO Rick Stollmeyer and a half-dozen local dignitaries dug the first shovelful of dirt for the software and services company’s new $20 million campus.
Montecito Medical’s $54M buy raises stake for health properties
Montecito Medical Acquisition Co., a Santa Barbara-based real estate investment firm, has made one of its largest purchases to date, paying $54.6 million for the UCLA Outpatient Surgery and Oncology Center in Santa Monica. The firm now has about $170 million in assets, even after divesting some of the properties it purchased with its first fund between 2006 and 2008.
With merger and TechPitch win, SLO’s startups are on the fast track
In the past couple of weeks, Alex Minicucci has successfully merged his fast-growing mobile marketing company with a publicly traded firm out of Iowa. Meanwhile, an entrepreneurial emergency room doctor from Nipomo came up a with a brilliantly simple solution for holding an iPad one handed that swept the most comprehensive tech pitch night on the Central Coast to date.
