[Editor’s note: See correction appended below.] Santa Barbara hotelier Patrick Nesbitt has placed a portfolio of eight Embassy Suites hotels into Chapter 11 bankruptcy, listing at least $100 million in debts. The bankruptcy filing, which gives Nesbitt’s companies protection from creditors while they restructure their debts, arises from a dispute with a lender over a Read More →
By Marlize van Romburgh / Friday, July 27th, 2012 / Columns, Real Estate / Comments Off on Investor appetite for leased space drives industrial property market
This article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.
A 1.2 million-square-foot office park in Camarillo has changed hands, marking the largest industrial property deal in the region’s history. The $59.1 million sale of the Mission Oaks Corporate Center to Los Angeles-based Rexford Industrial also edges out the 2002 sale of Oxnard’s 13-building Topa Tower financial plaza, which was purchased by the late Los Read More →
This article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.
The ninth-largest office park in the Tri-Counties has been sold for $59.1 million. The 1.2 million-square-foot Mission Oaks Corporate Center in Camarillo was purchased by Rexford Industrial, a Los Angeles-based real estate investment firm that lists several smaller industrial properties in Oxnard, Simi Valley and Camarillo in its Southern California portfolio. CBRE Group announced the Read More →
The region’s version of Rodeo Drive has seen a number of new leases, expansions and moves this summer, including the lease of one of the largest vacant spaces downtown.
