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By Marlize van Romburgh / Monday, November 15th, 2010 / Columns, Green Coast, Real Estate / Comments Off on Santa Barbara gets a bit greener with new City Ventures project
Santa Barbara is now home to the largest green development of single-family homes in the country. Santa Ana-based developer City Ventures broke ground Nov. 10 on a 48-townhome project in Santa Barbara’s East Beach area. Dubbed the Santa Barbara East Beach Collection, the project is striving for LEED Platinum certification from the U.S. Green Building Read More →
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By Marlize van Romburgh / Monday, November 8th, 2010 / Columns, Real Estate / Comments Off on Entitlements done, Investec finds $10M exit from Carpinteria property
The 12-acre residential portion of Carpinteria’s Lagunitas mixed-use project recently sold for $10 million, a move the seller says frees it up to focus on what it does best. “I am not as enamored with building as I am with entitling and getting things approved,” Ken Slaught, president of Investec Real Estate Companies, told the Read More →
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By Marlize van Romburgh / Monday, November 1st, 2010 / Columns, Real Estate / Comments Off on It’s a slow recovery all over the region in commercial real estate
Commercial real estate firms are also rolling out their third-quarter market reports.
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By Staff Report / Monday, November 1st, 2010 / Real Estate / Comments Off on Investec sells $10M property
Investec Real Estate Companies announced Oct. 27 that it has sold a 12-acre residential property in Carpinteria to a developer who plans to build 73 homes there next year. The property, which is part of the Lagunitas mixed-use development, sold for $10 million, Investec said. Investec will keep the 13-acre office portion of Lagunitas. The Read More →
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By Marlize van Romburgh / Friday, October 29th, 2010 / Real Estate, Top Stories / Comments Off on Hertel partner files $128M bankruptcy
Almost two years after Ventura-based developer R.W. Hertel & Sons was forced into bankruptcy by its creditors, one partner is left holding the bag. Bob Fowler filed one of the largest personal bankruptcies in tri-county history on Sept. 26, listing $127.6 million in debts. Of those liabilities, $105.6 million are personal guarantees Fowler made on Read More →
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By Marlize van Romburgh / Monday, October 25th, 2010 / Columns, Real Estate, Small Business / Comments Off on 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 →
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By Marlize van Romburgh / Monday, October 25th, 2010 / Real Estate, Top Stories, Tri-County Economy / Comments Off on Foreclosure freeze won
As the nation’s largest home lenders continue their self-imposed foreclosure freezes, economists in the tri-county region say the residential real estate market’s search for the bottom is being delayed. The Tri-Counties had more than 1,200 homes in foreclosure at the end of the second quarter, according to information from research firm DataQuick. That’s up more Read More →
