Decron Properties buys 391 Thousand Oaks apartment units for $126.5 million
Los Angeles-based developer Decron Properties acquired a 391-unit multifamily apartment portfolio in Thousand Oaks for $126.5 million. The deal with Prometheus Real Estate Group included the 249-unit Los Robles Apartments and the 142-unit Marlowe Apartments located about a mile apart near Moorpark Road. The complexes feature swimming pools, clubhouses, fitness centers and large amounts of Read More →
Homebuilding service eyes Central Coast for expansion
A new homebuilding service franchise is expanding into Santa Barbara and San Luis Obispo counties, promising to add more transparency to the construction process. Alair Homes began in Canada in 2006, offering builders the ability to outsource administrative functions and scale up through franchising. Alair handles website work, software, marketing outreach, accounting and other services Read More →
Pacifica Hotels buys Milner Hotel in Los Angeles
Pacifica Hotels purchased The Milner Hotel in downtown Los Angeles, the company announced on Jan. 25. Pacifica is one of the largest independent hotel owners and operators along the Pacific Coast with an office on Cliff Drive in Santa Barbara. The company said it is evaluating its long-term strategy for the property at 813 S. Read More →
AB Design Studio puts the funk in Santa Barbara’s Funk Zone
Meetings aren’t confined to the conference room at AB Design Studio. Dry-erase notes are scribbled onto the windows of the design firm at 420 E. Haley St. in Santa Barbara, featuring impromptu brainstorming sessions where some of the area’s most notable developments take shape. AB Design Studio has been the creative epicenter of much of Read More →
Technology cuts office cord in Simi Valley
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Compass expands online luxury real estate platform to SB, Montecito
A new online platform is poised to shake up the region’s luxury residential real estate market. New York-based Compass uses in-house software that aims to cut down on brokers’ administrative work and streamline listing updates. The startup recently announced that it is expanding into the Santa Barbara and Montecito markets. The South Coast is the Read More →
Santa Barbara Public Market rebooting with booze offerings
The Santa Barbara Public Market is refreshing its approach. The multi-merchant market plans to replace its Foragers Pantry grocery store with a beer garden this spring. The new beer garden will coincide with the expansion of the Public Market’s liquor license that will allow 21-and-older patrons to carry a glass of wine or beer throughout Read More →
