Latest
By Elijah Brumback / Friday, May 22nd, 2015 / Real Estate / Comments Off on Tri-Counties fertile ground for shopping center deals
Shopping centers continue to be a hot commodity on the South Coast as retail developments renovate and reposition with new tenants. Following the trend, Santa Barbara-based real estate firm Investec recently purchased the Village at Newbury Park, a power center at 1015-1025 Broadbeck Drive in Thousand Oaks. The deal adds to Investec’s growing portfolio of Read More →
Read More →
Latest
By Elijah Brumback / Friday, May 15th, 2015 / Columns, Latest news, Real Estate / Comments Off on Bureaucrats move in to locale where winery irked neighbors
The Department of General Services, business manager for the state on the Central Coast, will consolidate a handful of offices into a renovated warehouse just outside of downtown San Luis Obispo. DGS recently signed a $15.4 million, 15-year lease for the former home of The Workshop Urban Wine Collective, a custom crush winery operation at Read More →
Read More →
Latest
By Elijah Brumback / Friday, May 8th, 2015 / Columns, Real Estate / Comments Off on Global advisory firm invests with SB mixed-use project
SG, a Santa Barbara-based wealth adviser that lays claim to the largest insurance policy ever sold — $201 million to the unnamed CEO of a Silicon Valley public company — is investing its own capital at its current address. The company, working through agent John Donaldson, wants to demolish its current office building at 800 Read More →
Read More →
Latest
By Staff Report / Thursday, May 7th, 2015 / Banking & Finance, Latest news, Real Estate, South Coast, Top Stories / Comments Off on ERG Resources files bankruptcy, business for sale
ERG Resources, a Houston-based independent oil and gas with major operation in northern Santa Barbara County recently filed for Chapter 11 bankruptcy in Dallas. The company plans to sell the business. A Business Times previous report found that the company owed nearly $400 million on a loan with CLMG Corp., an agent holding lien on Read More →
Read More →
Latest
By Elijah Brumback / Friday, May 1st, 2015 / Columns, Latest news, Real Estate / Comments Off on The knives come out at the Santa Barbara Public Market
In an update to the Business Times’ April 3 story on the trials and tribulations of the Santa Barbara Public Market, some tenant angst is starting to spill over. While a few tenants, including Rori’s Artisanal Ice Cream and Empty Bowl, are exceeding revenue expectations, at least one merchant feels misled by claims project developer Read More →
Read More →
Latest
By Elijah Brumback / Friday, May 1st, 2015 / Latest news, Real Estate, Top Stories / Comments Off on Discovery expands north: Twins tap SLO to expand entertainment business
Twin brothers Josh and Jeremy Pemberton are planning to expand their Ventura-based food and entertainment business to San Luis Obispo. The two own and operate Discovery Venues, and in late March, they submitted plans to redevelop the 24,500-square-foot former Sports Authority building at 1144 Chorro St. in San Luis Obispo into a 14-lane Read More →
Read More →
