Real Estate: Procore to sublease blufftop buiding in Carpinteria; Life sciences building sold in Conejo Valley
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SLO County sets record with $1.1B in ag revenue
Total revenue for the agricultural industry in San Luis Obispo County hit an all-time high in 2021, at just under $1.1 billion, according to data released Aug. 23 by the San Luis Obispo County Agricultural Commissioner’s Office. That amounts to a 10% increase over 2020’s total revenue, and it’s only the second time San Luis Read More →
Tourism comeback complete as region’s first ‘normal’ summer since 2019 nears its end
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Region’s unemployment rate flat at 3%, state hits all-time low
The unemployment rate in the tri-county region was 3% in July, the same as the month before, while California hit a new record low in July at 3.9%, according to data released Aug. 19 by the California Employment Development Department. Ventura’s unemployment rate in July was 3.2%, unchanged from the previous month and well below Read More →
List of fastest growing private companies includes 22 from tri-county region
The Central Coast showcased the diversity of its companies in the latest edition of the Inc. 5000, as 22 companies based in tri-county region made the magazine’s list of the 5,000 fastest growing privately held companies in the country. Of those 22 companies, seven were in the top 1,000, and they come from a variety Read More →
Newsom proposes $1.4B to keep Diablo Canyon open
Keeping Diablo Canyon nuclear power plant open could cost California as much as $1.4 billion, under new legislation proposed by Gov. Gavin Newsom on the eve of a hearing to discuss the contested future of the plant on the San Luis Obispo County coast. On Aug. 11, Newsom proposed, through draft legislation distributed to lawmakers, Read More →
Rising interest rates, uncertain economy haven’t slowed homebuilding in region yet
Despite rising interest rates and a potentially slowing U.S. economy, homebuilders and residential developers seem eager to build in the tri-county region. The costs of materials and labor to build new homes have increased, and rising interest rates means potential homebuyers have to pay more mortgage interest, leaving less money for the principal. Developers are Read More →
