Ventura County brokers hold out ’til 2013 for real recovery
Economists are predicting job growth in Ventura County will gain steam in 2012, but don’t look for that to leak over into the commercial real estate markets until 2013. That was the word from CBRE brokers at the 2012 Ventura County Real Estate & Economic Outlook on Feb. 3 at California Lutheran University. Tom Dwyer, Read More →
Read More →Ventura County created 4,603 private-sector jobs in 2011
After an unexpectedly slow recovery in 2011, economists are pinning their hopes on 2012. That was the word from Bill Watkins and Mark Schniepp, two tri-county-based economists who gave separate outlooks for the U.S. and Ventura County economies at a Feb. 3 event at California Lutheran University. “2011 really didn’t shape out to be the Read More →
Read More →Higher profits in hand, region’s banks look to expand
Pacific Capital Bancorp, the largest banking company based in the Tri-Counties, turned a $70.5 million profit in 2011 after years of staggering losses. At the same time, First California Financial Group and Heritage Oaks Bancorp, the next two largest banks on the list, reported improved earnings for the year and bold plans to expand. Here’s Read More →
Read More →From apartments to industrial spaces, deals close in the region
Recent notable transactions in the region’s commercial real estate market.
Read More →Buyer puts Carpinteria bluffs property in play for future resort
A 21-acre portion of pristine Carpinteria coastline that has been eyed by hotel developers for years is in escrow.
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