LTC Properties hits FFO projections, misses on revenue
Westlake Village-based LTC Properties matched analyst projections on funds from operations but missed on revenue in its second quarter earnings. The publicly traded real estate and investment trust earned $29.2 million in FFO for the second quarter, up 22 percent from $24 million for the comparable 2015 period. That matched analyst expectations of 77 cents per diluted Read More →
Higher rents, home prices squeeze tri-county residents
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Showdown looms as controversial Chumash land trust bill advances
The Santa Ynez Chumash Indians can move forward with plans to build 143 single-family homes for tribal members, per a U.S. House Committee on Natural Resources vote. The committee voted 29-1 to pass HR 1157, which would allow the Chumash to take 1,390 acres in Santa Ynez known as Camp 4 into federal trust under Read More →
Beaver sells oldest commercial real estate firm in Central Coast
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Chumash get House committee OK to annex land, build 143 homes
The Santa Ynez Chumash Indians can move forward with its plans to build 143 houses for its tribal members, per a House Committee on Natural Resources vote on July 13. The committee voted 29-1 to pass HR 1157, which would allow the Chumash to take 1,390 acres in Santa Ynez known as Camp 4 into Read More →
Westlake Village’s LTC Properties buys 70-unit complex in Georgia
Westlake Village-based real estate investment trust LTC Properties announced July 8 that it bought a 70-unit assisted living and memory care complex near Athens, Ga., for $14.3 million. The newly built community has 90 licensed beds and consists of 50 assisted living units and 20 dedicated memory care units. The deal expands LTC’s relationship with Read More →
La Entrada project takes toll on other businesses in area
The La Entrada mixed-use development on lower State Street is poised to reshape the downtown Santa Barbara retail landscape, but the massive construction project has left some businesses in its dust. The northbound lane reopened on July 1 on the State Street section that bridges downtown and the waterfront, but the relief came too late Read More →
