PennyMac counts on family, Countrywide ties
PennyMac, the Moorpark-based firm founded by former top brass at Countrywide Financial Corp., has inked a $550 million loan repurchasing deal with Bank of America. The deal forms a half-billion-dollar pact among three companies that have been intimately connected since shortly after Countrywide, the firm at the heart of the subprime loan meltdown, was Read More →
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Santa Maria, remixed: City looks for winning formula
A year after Santa Maria got a new theater complex and a Fallas Discount Store moved into the space formerly occupied by a Mervyn’s department store, city leaders are still scratching their heads over how best to revitalize its struggling retail core.
Read More →Mixed-use project planned for midtown Santa Barbara corridor
A new mixed-use development on upper De La Vina Street in Santa Barbara is the latest in a series of locally driven projects in the midtown neighborhood in the last few years.
Read More →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.
Read More →Found in the wilderness: Queen bed, hot shower, soft sheets
Glamping, short for glamor camping, is a niche segment of the outdoor recreation industry. A number of long-standing Central and South Coast retreats are cashing in as the trend’s popularity peaks.
Read More →Pent-up demand drives surge of deals on Chapala Street
With highly coveted square footage virtually unavailable on State Street in downtown Santa Barbara, many companies trying to stay in the market are gobbling up space on the nearby Chapala Street corridor.
Read More →Simi Valley hotel dreams take flight with Hummingbird development
In a bid to attract more tourism dollars from nearby Los Angeles, city officials in Simi Valley are pinning their hopes on the development of a five-star hotel at Hummingbird Nest Ranch. But the developer behind the 126-acre ranch says the largest component of the resort development hinges on how well the early phases Read More →
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