The Goodland Hotel in Goleta was sold to KHP Capital Partners for $40.9 million in September, property records show. The 158-room lodge was developed by Makar Properties, a privately owned real estate development company based in Newport Beach. Makar acquired the former Holiday Inn in June 2013 for $24 million and opened as The Goodland in Read More →
Ventura County’s economy is lagging. Its businesses are downsizing or defecting while the state’s economy is growing. A lack of new housing, new companies or existing business growth has translated to fewer jobs, high industrial vacancy, and rising home prices and apartment rental rates. Strict development regulations may continue to stifle the region’s growth. Those Read More →
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By pacbiztimes / Friday, September 18th, 2015 / Columns, Real Estate / Comments Off on Project to build hotel, housing in Carpinteria up for review
The Carpinteria City Council and Planning Commission will review a proposal next week for a 154-room hotel, 45 single-family houses and 40 multifamily apartments. The 23.4-acre project is slated for the Bluffs 1 property between the Carpinteria Bluffs Nature Preserve and city hall, which is currently home to a driving range and blueberry crops. Jack Read More →
By pacbiztimes / Friday, September 11th, 2015 / Columns, Real Estate / Comments Off on Santa Barbara Museum of Art plans $50M renovation project
The proposed overhaul of the Santa Barbara Museum of Art is going through the final stages of approval. The $50 million renovation, which will be privately funded, includes $42 million in construction costs and $8 million in ongoing maintenance, SBMA Director Larry Feinberg said at a planning commission meeting. The remodel will include roofing and Read More →
In a transformative deal, Limoneira Co. has landed a partner for its Santa Paula Gateway project, unlocking as much as $100 million in cash flow over the next 10 years. In a statement, Limoneira said it has joined with The Lewis Group of Companies, a real estate investment company based in Claremont, to develop the Read More →
Radius Commercial Real Estate Group recently listed two industrial/office buildings totaling 27,200 square feet at 749 and 759 Ward Drive in Santa Barbara. One 17,200-square-foot building is available for a 58 cent-per-square-foot lease until October 2016 when the owner will begin a $2 million-plus renovation. Both buildings will be ready in early 2017, according to Read More →
