Bacara Resort & Spa in Goleta put up for sale
The Pacific Hospitality Group listed the Bacara Resort & Spa in Goleta for sale for an undisclosed amount, PHG Chief Investment Officer Kory Kramer said. The Irvine-based company has invested more than $25 million in upgrades and renovations since it purchased the resort in 2013 for an estimated $150 million to $180 million. Improvements included Read More →
Read More →San Luis Obispo acquires Waddell Ranch
The city of San Luis Obispo completed the $1.1 million acquisition of the 154-acre Waddell Ranch to be conserved in perpetuity. The ranch contains the headwaters of Froom Creek and adjoins the city’s Irish Hills Natural Reserve. The deal, executed by the city of SLO, the Trust for Public Land and property owner Duane Waddell Read More →
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Lima One targets tri-county home flippers, rental investors
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Read More →Flat population, more competition spells trouble for restaurants
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Read More →Former El Torito property on waterfront sells for $7.2 million
The former El Torito property on the Santa Barbara waterfront was sold for $7.2 million, Lee & Associates announced on Feb. 2. The owners are planning to re-tenant the space with a new undisclosed restaurant, the commercial real estate company said. The 9,500-square-foot space at 29 E. Cabrillo Boulevard has a 12,000-square-foot beachfront and sits Read More →
Read More →PennyMac Financial beats Wall Street’s earnings estimates
Updated at 1 p.m. on Feb. 3: Moorpark-based PennyMac Financial Services reported net income of $113.8 million on revenue of $289.3 million for the fourth quarter of 2016, exceeding Wall Street’s expectations on earnings per share. PennyMac Financial, which was founded by former Countrywide Financial Services executives after that company was acquired by Bank of Read More →
Read More →Denser, taller developments key to easing housing shortage
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