Street smarts: Santa Barbara’s Unity Shoppe gives back this holiday season
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CRE: Santa Maria’s La Vista Apartments sell for record $116M
By Staff Report La Vista Apartments, a 460-unit multifamily property in Santa Maria, sold for $116 million, according to Institutional Property Advisors, a division of Marcus & Millichap, who brokered the sale on Dec. 30. The $116 million sales price equates to $252,174 per unit. According to a press release, the sale also became the Read More →
Portfolio watch
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Tri-County unemployment rate remains unchanged in November
For the second straight month, the unemployment rate along the Central Coast didn’t see much change, according to the latest data from the California Employment Development Department. Released Dec. 20, the unemployment rate of the tri-counties was at 4.36% for the month of November, the same unemployment rate the Central Coast saw in October and up slightly Read More →
Mackenzie Scott donates $10M to area nonprofits
Philanthropist Mackenzie Scott donated another $2 billion of her own wealth on Dec. 18, $10 million of which found its way to nonprofits based on the Central Coast. Scott, who was formerly married to billionaire Amazon Founder Jeff Bezos, has now donated roughly $19.2 billion since 2019. She is still worth over $31 million according Read More →
AI making CRE firms more efficient
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Street smarts: Awards spottings at the Ventura County Chamber’s Poinsettia Awards
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