Compass real estate platform expands into Santa Barbara, Montecito
An online real estate platform called Compass is expanding into the region with offices in Santa Barbara and Montecito. New York-based Compass connects luxury real estate renters, buyers and sellers with agents, offers market insight and features online listings. Since the company entered the California market about two months ago, it has hired more than Read More →
Voters to decide Ventura County growth
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2016 expected to be good year for real estate in Tri-Counties
Despite the slight increase of interest rates and the drought’s persistence, real estate brokers are bullish on 2016. The Federal Reserve’s decision to gradually raise interest rates throughout 2016 will not likely have a short-term impact on development and real estate activity, industry sources told the Business Times. And while the city of Pismo Beach Read More →
Santa Barbara’s Saks building sells for $15 million
The Saks OFF 5TH building in downtown Santa Barbara was sold to a private out-of-the-area investor for more than $15 million, Lee & Associates recently announced. The nearly 47,000-square-foot property at the corner of State and Carrillo streets represents a continuing trend of discount retailers snatching up valuable downtown space. Saks Fifth Avenue had been Read More →
Developers respond to aging workforce with senior housing
The Tri-Counties are preparing for the silver tsunami. The oncoming wave is the surge of the country’s aging workforce. Nearly one-fifth of the U.S. population will be 65 or older come 2030, according to the U.S. Census. There are dozens of housing developments in the pipeline throughout the Tri-Counties that aim to accommodate the rapidly Read More →
Thousand Oaks Boulevard improvements working
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Drought forces Pismo Beach to issue building moratorium
The city of Pismo Beach recently issued a tiered building moratorium aimed to conserve water during the state’s historic drought. The first tier is effective immediately — the city will not issue new building permits. Planning and building permits already in the pipeline will move forward and new planning applications will be accepted. But Read More →
