SBA-backed deals are propping up commercial real estate market
Small businesses are starting to look like the heroes in the commercial real estate market’s turnaround tale. Businesses buying property for their own use, also known as owner-users, have fueled a number of deals in the Tri-Counties recently, many of them aided by financing through U.S. Small Business Administration lending programs. In Oxnard, Industrial Park Read More →
Downtown’s starring role: Atascadero will get new movie theater, retail center
Atascadero’s small-town days may be numbered. The city of 28,000 people has several large developments in the pipeline, including its $13 million Colony Square project, which would bring 14,000 square feet of retail space and 10 movie screens to the currently theater-less city. Plans for a 130,000-square-foot Wal-Mart are about halfway through the environmental review Read More →
Harmony landowners sue Coastal Commission
A family that owns property along the coast of northern San Luis Obispo County has sued the California Coastal Commission over its decision in August to require public access to a mile-long stretch of coastline. The family trust — led by sisters Denise McLaughlan, Sharyn Schrick, and Sandra Bowman — owns 400 acres near the Read More →
Nonprofit seizes opportunity to turn hassle into new facility
Question: The city wants to extend a road through your property, right through a corner where several key buildings are located. What do you do? (a) Put up a fight. (b) Sell the city the land, and use the proceeds as seed money to build a new facility on your remaining property. Santa Maria-based VTC Read More →
CSU Channel Islands on a $75M campus building spree
CSU Channel Islands near Camarillo is the newest school in the California State University system, and it’s growing by leaps and bounds. To keep up with that growth, the school has construction projects in the pipeline totaling more than $75 million. First up is the $32.5 million North Hall project, which breaks ground Oct. 6. Read More →
