Former El Torito property on waterfront sells for $7.2 million
The former El Torito property on the Santa Barbara waterfront was sold for $7.2 million, Lee & Associates announced on Feb. 2. The owners are planning to re-tenant the space with a new undisclosed restaurant, the commercial real estate company said. The 9,500-square-foot space at 29 E. Cabrillo Boulevard has a 12,000-square-foot beachfront and sits Read More →
PennyMac Financial beats Wall Street’s earnings estimates
Updated at 1 p.m. on Feb. 3: Moorpark-based PennyMac Financial Services reported net income of $113.8 million on revenue of $289.3 million for the fourth quarter of 2016, exceeding Wall Street’s expectations on earnings per share. PennyMac Financial, which was founded by former Countrywide Financial Services executives after that company was acquired by Bank of Read More →
Denser, taller developments key to easing housing shortage
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Chumash reservation annexes Camp 4 in Santa Ynez
The Bureau of Indian Affairs placed the 1,390 acres in Santa Ynez known as Camp 4 into federal trust Jan. 23, which will allow the Santa Ynez Band of Chumash Indians to begin building homes for its tribal members, the Chumash said. After several appeals since the Chumash submitted the application in 2013, the BIA Read More →
Airstreams drive AutoCamp expansion plans
An AutoCamp Airstream trailer at the Santa Barbara company’s site on the Russian River. (Melanie Riccardi photo) Story updated at 8 a.m. Jan. 23: AutoCamp’s successful Russian River expansion will fuel future growth, the Santa Barbara company said. Development company Mesa Lane Partners formed AutoCamp, which provides an affordable stay in a retro-style luxury Read More →
Sares-Regis buys 29 acres at Conejo Spectrum in Thousand Oaks
The Sares-Regis Group bought 29 acres of land at the Conejo Spectrum Business Park in Thousand Oaks with plans to build out industrial buildings, according to Colliers International. The property management company with an office in Goleta partnered with an investment firm to purchase the land near Rancho Conejo Boulevard and Conejo Spectrum Drive for Read More →
Orfalea price cut signals soft Ventura County office market
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