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Paseo Nuevo mall will get a makeover

By   /  Friday, November 6th, 2015  /  Latest news, Real Estate, South Coast, Top Stories  /  Comments Off on Paseo Nuevo mall will get a makeover

New managers of the Paseo Nuevo mall in downtown Santa Barbara plan to add new tenants and make renovations. (Alex Kacik)

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Orfalea Foundation office building available for lease

By   /  Friday, November 6th, 2015  /  Columns, Latest news, Real Estate  /  1 Comment

An Orfalea Foundation office building is on the market as the nonprofit prepares to close by the end of the year. About 3,000 square feet of office space is available for lease at $5.75 per square foot. The two-story building has 11 parking spaces and three restrooms. Rob Hambleton and Steve Golis of Radius Commercial Read More →

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Pacifica Hotels buys El Colibri Boutique Hotel & Spa in Cambria

By   /  Friday, October 30th, 2015  /  Latest news, Real Estate  /  Comments Off on Pacifica Hotels buys El Colibri Boutique Hotel & Spa in Cambria

Pacifica Hotels purchased El Colibri Boutique Hotel & Spa in Cambria for an undisclosed price, the company announced on Oct. 30. The deal marks Pacifica’s fifth property in Cambria. The Irvine-based hotel management company already owns the FogCatcher Inn, Pelican Inn & Suites, Cambria Landing Inn & Suites, and Fireside Inn on Moonstone Beach. The Read More →

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Clark mansion’s future hinges on IRS resolving owed taxes

By   /  Friday, October 30th, 2015  /  Columns, Real Estate, Top Stories  /  Comments Off on Clark mansion’s future hinges on IRS resolving owed taxes

  Hugette Clark’s generosity cost her. Clark was the daughter of the copper mogul William Andrews Clark, who earned his fortune through mining, railroads and banking. The heiress died in 2011 at 104 years old. Clark gave millions of her inherited wealth to her friends but she gave so much so fast that her attorneys Read More →

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New managers to renovate Paseo Nuevo shopping center

By   /  Thursday, October 29th, 2015  /  Latest news, Real Estate, South Coast, Top Stories, Tourism  /  Comments Off on New managers to renovate Paseo Nuevo shopping center

New managers of the Paseo Nuevo Shops & Restaurants in downtown Santa Barbara plan to renovate the open-air shopping center. El Segundo-based Pacific Retail Capital Partners and New York-based Silverpeak Real Estate Partners announced on Oct. 29 a joint venture with Paseo’s owner, J.P. Morgan Asset Management. Los Angeles-based BMW Realty Advisors, led by co-founder Read More →

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Chinese have yuan for Conejo Valley

By   /  Friday, October 23rd, 2015  /  East Ventura County, Latest news, Real Estate, Top Stories  /  Comments Off on Chinese have yuan for Conejo Valley

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Shopping centers changing hands across Tri-Counties

By   /  Friday, October 23rd, 2015  /  Columns, Latest news, Real Estate  /  Comments Off on Shopping centers changing hands across Tri-Counties

The Woodlands Plaza in Simi Valley was sold for nearly $16 million, continuing a string of recent shopping center transactions and renovations in the Tri-Counties. Local private real estate investors DP Grand Simi purchased the 61,373-square foot shopping center at 530 E. Los Angeles Ave. from another private investment group, B/C Sinaloa Plaza. The $15.9-million Read More →

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