Tenants hold all the cards in commercial real estate market
It’s a tenant’s market out there, which means more landlords are offering sweet deals and incentives such as lower rents, built-out spaces or shorter lease terms — anything to attract and retain quality lessees. “Based on the offers we’ve received the tenants definitely know that it’s a tenant market. There’s no such thing as an Read More →
A new rule for the California budget game
With California headed into the dog days of August with no budget deal in sight, I’d like to offer my own idea for ending the summer gridlock: the 75-25 solution. I offer this solution for one reason and one reason only. With very few exceptions, the folks in Sacramento have absolutely no idea how much Read More →
Arizona real estate firm makes one of year
Healthcare Trust of America, an Arizona-based real estate investment firm, purchased a 45,000-square-foot medical office building on the Sierra Vista Regional Medical Center campus for $10.9 million. HTA bought the San Luis Obispo property directly from the developer, Chicago-based Healthcare Development Partners, on Aug. 5, marking one of the largest SLO commercial property sales this Read More →
Bunnin grabs a car deal on South Coast
A diminutive car with just four seats, four cylinders and a price tag under $20,000 is not the sort of vehicle likely to grace one of Leo Bunnin’s Ventura County GMC, Cadillac or Buick showrooms. But it just might be the car that turns Bunnin’s impending purchase of a Santa Barbara County auto store into Read More →
Caputo tops the list of winners at construction industry awards
Caputo Construction took home the top trophy at the Santa Barbara Contractors Association’s 2010 Builder of the Year Awards, presented at a July 30 dinner at Fess Parker’s DoubleTree Resort. The Subcontractor of the Year award went to Construction Plumbing and the Member’s Choice Award to D.D. Ford Construction. Hayward Lumber Co. won the Industry Read More →
After Baker, Cal Poly may need a rethink
With a world-class reputation for its undergraduate programs and master’s degrees, $1 billion in campus improvements and a reputation for bringing an international flavor to higher education, Cal Poly San Luis Obispo should be riding high. But for the third time during the past two years, it’s friction between recently retired Cal Poly President Warren Read More →
Again, Ford buys a bank at a bargain
To Carl Webb, California in 2010 looks a lot like California circa 1993. A devastating meltdown in the housing sector. Sky-high unemployment. Deep budget problems. And a crisis in confidence that the Texas banker describes as “a little less spring in the step” of the California consumer. In short, the perfect time to get back Read More →
