Madonna Road apartments sell for $10.5M
A 120-unit affordable housing apartment complex in San Luis Obispo has changed hands for $10.5 million. Seattle-based Vitus Group, an affordable housing developer, purchased the property at 1550 Madonna Road, which is on the west side of San Luis Obispo off Tank Farm Road. The seller was a local affiliate of the United Brotherhood of Read More →
Read More →Move buys Relocation.com for $11.5M
Online real estate company Move has purchased Relocation.com, a marketplace for homebuyers, renters and moving and storage professionals, for $11.5 million in cash. Move, which also operates Realtor.com and Move.com, said the deal represents another step towards its ultimate goal of creating a one-stop online shop for home buyers and renters. “Our goal is to Read More →
Read More →Oxnard Residence Inn by Marriott sold for $23.6M
Capping a spree of hotel real estate deals in Ventura County, the Residence Inn by Marriott in Oxnard has changed hands for $23.6 million. Pasadena-based investment company Cavort Properties bought the Residence Inn on Vineyard Avenue next to the River Ridge golf course in a deal that closed on Oct. 1. The hotel, along with Read More →
Read More →So. Cal gas spike hammers independent stations
Independent gas stations in Southern California may experience price spikes and even shortages this weekend as problems at several Golden State refineries culminate to produce a supply pinch. “My wholesale prices went from $3.98 a gallon to $5.08 a gallon, and we are now selling at $4.39 a gallon,” Sam Seng, owner of Fred’s Gas Read More →
Read More →Venoco founder closes deal to take firm private
With $471 million in financing, Venoco founder Tim Marquez is taking the oil and gas company he founded private more than a year after his bid to buy up the 49 percent of the company he doesn’t already own. Venoco, which is based in Denver but has significant operations on the South Coast, announced the Read More →
Read More →Congressional candidates joust over taxes, housing
[EDITOR’S NOTE: Correction appended below.] Assemblymember Julia Brownley and state Sen. Tony Strickland clashed over fiscal policy, housing and education at an Oct. 2 debate in Thousand Oaks as their campaigns for the 26th U.S. Congressional district remained a close contest. Held at California Lutheran University, the debate turned especially heated when Brownley accused Strickland of voting against California’s Homeowners Bill of Read More →
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