Apartments hot investment in Tri-Counties
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L.A. developer snaps up Isla Vista complex for $6M
Los Angeles investment firm Majestic Asset Management has purchased a 36-unit apartment complex in Isla Vista for about $6 million.
Vandenberg apartments sell in Lompoc area’s largest deal in 3 years
A 122-unit apartment complex near Vandenberg Air Force Base in Lompoc has been sold after listing for $14 million. The sale of the Vandenberg Garden Apartments marks the largest sale of multifamily property in north Santa Barbara County since La Vista in Santa Maria changed hands in 2011 for $42 million, according to Radius Read More →
Santa Barbara apartments break record with $33M sale
The Harbor Heights Manor apartment complex at 801 Cliff Drive in Santa Barbara has been sold to an undisclosed investor for $33 million, setting a new price record for the city, according to commercial real estate experts.
Investors plan to boost apartment portfolios despite GSE cutback
Even as the Obama administration reins in the massive government-sponsored entities Fannie Mae and Freddie Mac, tri-county real estate investors say the shift will likely have a nominal effect on the region’s robust apartment investment market.
Ventura apartments sell for $82M
A 316-unit apartment complex in Ventura has changed hands for $82 million, one of the largest such deals in recent years. San Mateo-based private real estate investment management firm JB Matteson purchased the luxury Vanoni Ranch Apartments at 10676 Veronica Lane in Ventura. The seller was undisclosed. The apartment complex consists of 27 two-story buildings Read More →
Ventura County developers pull back amid high vacancy
The ’70s are back. At least when it comes to the state of commercial real estate development in Ventura County. While new home building in Ventura County is up compared to last year, commercial development is at a 37-year low, according to the latest report from the California Economic Forecast. Total investment in Ventura County Read More →
