Real Estate: Paseo Nuevo Macy’s to get new life as roller rink; Hotel Santa Barbara sold
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Simi Valley industrial sale is city’s biggest ever
A six-unit industrial building in Simi Valley sold recently for $46.4 million, making it the “largest industrial property ever sold” in the city, Calabasas-based Lee & Associates announced Dec. 3. Lee & Associates-LA North/Ventura President Mike Tingus and principals Joe Jusko and Grant Fulkerson negotiated the sale of the Topaz Business Park to Rexford Industrial, an Read More →
Real Estate: Apartment complex in South Oxnard fetches nearly $40M
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Thousand Oaks approves Caruso apartment complex at The Lakes
A shopping center property owned by the city of Thousand Oaks will be sold to Los Angeles development mogul Rick Caruso, who plans to add a six-story apartment building to the site. The much-anticipated transaction required approval from the Thousand Oaks City Council, which voted 3-2 in favor of the deal on Nov. 30. The Read More →
Bank of the Sierra gives $1M to Housing Trust Fund Ventura County
The Housing Trust Fund Ventura County announced a $1 million contribution from Bank of the Sierra on Nov. 30, to fund the nonprofit’s loans to developers who build affordable housing in Ventura County. The award is designated for the organization’s Everyone Deserves a Home Revolving Loan Fund. The community impact note will be pooled with Read More →
Real Estate: Potential office glut in Santa Barbara; Landmark restaurant for sale in Carpinteria
The Santa Barbara commercial real estate market has faced its ups and downs this year, according to Radius Commercial Real Estate General Manager Brian Johnson. Speaking at Santa Barbara Executive Roundtable’s annual economic forecast on Nov. 11, Johnson said leasing in the area is down “heavily.” The third quarter of 2021 produced just 49 new Read More →
From unhoused to home for the holidays: Pandemic funds convert hundreds of units in region
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