Street Smarts: If you’re looking for a few thousand acres, we’ve got a couple of deals for you
Anyone with a cookie jar big enough to hold $175 million in spare change can own a couple of signature ranch properties in the Ojai-Carpinteria corridor. Black Mountain Ranch, owned by latex and rubber glove magnate Richard Gilleland, is for sale in Upper Ojai, at a price tag of just $100 million. The 3,600-acre spread Read More →
Real Estate: Camarillo Amazon warehouses fetch $154M
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AppFolio down 5% after reporting lower earnings and higher expenses in first quarter
AppFolio, a Goleta-based property management software developer, saw its net income drop more than 75% over the past year in an earnings report released May 10. The company reported net income of $479,000, or 1 cent per share, for the first quarter of 2021, down from $1.98 million, or 6 cents per share, in the Read More →
Amgen planning apartments on its land in Thousand Oaks
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Real Estate: Hayes sees ‘noticeable growth’ in South Coast commercial market
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Velocity reports earnings growth, strong loan demand
Velocity Financial saw its net income spike when it reported its first quarter financial earnings on May 6. The Westlake Village-based real estate financial company recorded a net income of $3.4 million and core income of $6.72 million, or 10 cents and 20 cents per diluted share. In 2020, the company had a net income Read More →
PennyMac earnings up as mortgage boom continues
PennyMac Financial Services reported a higher net income and revenue in the first quarter, as well as a cash dividend, when it announced its latest earnings on May 6. The Westlake Village-based mortgage lender and loan servicer recorded net income of $376.9 million, or $5.15 per share, on revenue of $944.7 million. For the first Read More →
