Recession lessons will guide future
You can tell a lot about what’s happening in the economy by taking a walk around the block. Or, in my case, across the alley. That’s because, as I am sad to report, the economy has taken its toll on Tuttini’s, Susan and Winston Sullivan’s popular bakery and café located in the building just a Read More →
Moshe Silagi looks beyond state to build his post-recession portfolio
Moshe Silagi, the real estate developer at the helm of Thousand Oaks-based Silagi Development & Management, is lucky enough to be one of the few cash buyers in today’s market. The Hungarian-born investor played his cards just right, selling millions of square footage in 2007 before the market collapsed. Now he’s using that cash to Read More →
Yardi Systems buys resident screening service software firm
Santa Barbara-based real estate software developer Yardi Systems just purchased RentGrow, a Massachusetts-based company that offers Web-based resident screening for multifamily property managers. Yardi said it acquired the company so it could offer the screening service as part of its Yardi Multifamily Suite, a program that includes payment processing and utility billing. “Yardi acquired RentGrow Read More →
Sorting out the recovery: which city is first?
Here’s the million-dollar question every business owner in the Tri-Counties should be asking: Which communities are in the best position to capitalize on a recovery? Businesses in relatively healthy cities will have brighter growth prospects, while those in communities that are behind the curve will struggle much longer. Guessing right about the pace of recovery Read More →
Controversial Oxnard smelting plant is on the market again
The former Halaco smelting plant in Oxnard is on the market again. The 10.7-acre site at 6200 Perkins Road is being marketed by Ventura County’s Troop Commercial Brokerage, which is hoping a buyer converts the controversial property to a clean job site. The property served as a smelting plant for Halaco Engineering from August 1965 Read More →
Jobs agenda meets politics of obstruction
When Gov. Arnold Schwarzenegger showed up in San Luis Obispo on Feb. 8 to make his pitch for a $500 million plan for job growth and green tax credits, he was preaching to his kind of business leaders. Central Coast Republicans and Democrats alike often find common ground with the governor’s mix of faith in Read More →
Hayes report: Half of 2009 sales on South Coast from four transactions
Hayes Commercial Group in Santa Barbara just released its year-end report, with some grim numbers that just go to prove 2009 is best left forgotten. To its credit, the Hayes team found some unexpected countertrends and even signs of growth among the depressing stats, but the fact remains that real estate remained lackluster in 2009 Read More →
