Thousand Oaks apartments sell for $51.4M
A 191-unit apartment complex in Thousand Oaks has been sold to a Los Angeles investment firm for $51.4 million, an almost 20 percent premium over the property’s last sale price in 2007. IMT Capital purchased the Archstone Thousand Oaks Crest complex at 491 W. Gainsborough Road. The property drew more than 90 interested buyers and Read More →
Read More →Ventura city manager to step down
Longtime Ventura City Manager Rick Cole is stepping down, effective Sept. 15. The news came Aug. 29 in separate statements from the City Council and Cole. “During City Manager Rick Cole’s annual evaluation, it became clear that a majority of the City Council believes that it is time for a change in leadership,” the council Read More →
Read More →$28M Marriott hotel opens in Goleta
After nine years of planning and development, the $28 million Courtyard by Marriott in Goleta opened its doors Aug. 23. The 106-room hotel is located on three acres at 401 Storke Road, down the street from Isla Vista and a mile away from the UC Santa Barbara campus. Bob Olson, CEO of Irvine-based R.D. Olson Read More →
Read More →Qualstar cuts jobs amid $4.1M loss
Simi Valley-based Qualstar, a maker of tape-based hard-drive backups and power supplies, has laid off 13 percent of its workforce. The company said the employees were related to unprofitable technologies that it is phasing out, and the move is expected to save the company about $480,00 a year. The announcement came days after Qualstar said Read More →
Read More →VW unveils $27M testing facility in Oxnard
Volkswagen Group of America took the wraps off a testing center in Oxnard on Aug. 20, unveiling a facility that will help the automaker meet tough new California emissions standards as it tries to expand its brands in the U.S. The 64,000-square-foot facility cost the German company $27 million, replaces an older Westlake Village location Read More →
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