CRE: South Coast Santa Barbara sales continue struggling
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Real estate investor set to buy The Oaks for $157M
Stockdale Capital Partners is in contract with Macerich to buy The Oaks shopping mall in Thousand Oaks for $157 million, according to The Real Deal. Macerich CEO Jack Hsieh told shareholders this month that his company is set to sell The Oaks before the end of the year, but declined to identify the buyer. Citing anonymous sources, Read More →
The Trade Desk shares gain back 12% loss in week after earnings
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Wells Fargo announces grant for Mountain Fire recovery
Fundraising for victims of the Mountain Fire got a significant boost on Nov. 13 when Wells Fargo announced a $100,000 grant to support Ventura County Community Foundation and recovery efforts. According to VCCF CEO Vanessa Bechtel, the foundation had already provided over $100,000 in support and provided an additional $50,000 to the Red Cross to Read More →
SoCal Edison sued in connection with Mountain Fire
As the investigation into the Mountain Fire’s origins continues, a class action lawsuit was filed Nov. 8 alleging that the Ventura County blaze was started by Southern California Edison’s equipment. The utility giant denies the allegations. The Ventura County Superior Court suit, alleging negligence and inverse condemnation, was filed by Pamela and Kenneth McWaid and seeks general Read More →
Former SLO developer sentenced to 5 years in prison
A former San Luis Obispo County real estate developer, Ryan Wright, has been sentenced to five years for bribing a local politician nearly $95,000 in exchange for acts benefiting the company’s development projects. Wright, 38, was sentenced on Nov. 12 by United States District Judge Percy Anderson. Wright, formerly known as Ryan Petetit, has been Read More →
Street smarts: Ojai Valley Inn to temporarily close in January
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