Dirt is flying again as building picks up in the Tri-Counties
After a year or more of struggling to find work, contractors are ready to dig in their shovels and let the dirt fly as construction projects large and small break ground throughout the Tri-Counties. Several notable projects are in the construction pipeline, and builders I spoke with said they’re finally starting to see new business Read More →
Read More →Taking stock of PCBC, one share at a time
Generally speaking, it’s not a great idea for a journalist to own stock in a company he or she covers. In fact, it’s entirely unethical. But there is one exception. Back before the SEC’s Regulation FD, Yahoo Finance, the Internet and instantaneous disclosure of everything to everybody, it was an established practice for a Read More →
Read More →SLO divided over which road to take on Broad Street project
Some members of the San Luis Obispo business community are hoping to drive Measure H — a ballot proposal to stop the planned extension of Prado Road to Broad Street — right into a dead-end. The City Council approved the road extension in a 3-2 vote, but Measure H now puts the decision in voters’ Read More →
Read More →A summer that changed everything
Grab the nearest calendar. Find a sharpie. Put a big thick line through August 2010. For those of us who are neurotic enough to follow the banking game, we are witnessing a once-in-a-decade event: A complete realignment of financial services in the tri-county region. The collapse of Los Padres Bank and its sale to Pacific Read More →
Read More →Tenants hold all the cards in commercial real estate market
It’s a tenant’s market out there, which means more landlords are offering sweet deals and incentives such as lower rents, built-out spaces or shorter lease terms — anything to attract and retain quality lessees. “Based on the offers we’ve received the tenants definitely know that it’s a tenant market. There’s no such thing as an Read More →
Read More →A new rule for the California budget game
With California headed into the dog days of August with no budget deal in sight, I’d like to offer my own idea for ending the summer gridlock: the 75-25 solution. I offer this solution for one reason and one reason only. With very few exceptions, the folks in Sacramento have absolutely no idea how much Read More →
Read More →Arizona real estate firm makes one of year
Healthcare Trust of America, an Arizona-based real estate investment firm, purchased a 45,000-square-foot medical office building on the Sierra Vista Regional Medical Center campus for $10.9 million. HTA bought the San Luis Obispo property directly from the developer, Chicago-based Healthcare Development Partners, on Aug. 5, marking one of the largest SLO commercial property sales this Read More →
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