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NAI report describes ‘world of pain’ in CRE

By   /  Monday, November 2nd, 2020  /  Columns, Real Estate  /  Comments Off on NAI report describes ‘world of pain’ in CRE

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LTC earnings drop as pandemic hurts rent income

By   /  Friday, October 30th, 2020  /  Banking & Finance, Central Coast Health Watch, Earnings, East Ventura County, Latest news, Real Estate, Tri-County Economy, Tri-County Public Companies  /  Comments Off on LTC earnings drop as pandemic hurts rent income

LTC Properties, a senior housing and health care real estate investment trust, posted another quarter of low net income when it filed its third quarter financial report on Oct. 29. The Westlake Villaged-based company announced a net income of $12.1 million, or 31 cents per diluted share, compared to $27.1 million, or 68 cents per Read More →

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By   /  Monday, October 26th, 2020  /  Columns, Real Estate  /  Comments Off on

In the fifth round of Project Homekey awards, Gov. Gavin Newsom announced the city of San Luis Obispo will get more than $15 million to purchase the Motel 6 in Paso Robles and convert it into a homeless shelter. The Motel 6 has more than 120 units, and will be converted into an emergency homeless Read More →

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Trio of developers to bring 300 new homes to San Luis Obispo

By   /  Tuesday, October 20th, 2020  /  Latest news, Real Estate  /  Comments Off on Trio of developers to bring 300 new homes to San Luis Obispo

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Amazon coming to Oxnard next year

By   /  Friday, October 9th, 2020  /  left, Real Estate, Tri-County Economy, West Ventura County  /  Comments Off on Amazon coming to Oxnard next year

Amazon is opening a new fulfillment center at the Sakioka Farms Business Park in Oxnard, bringing more than 1,500 jobs with benefits when the facility opens next year. “This couldn’t have come at a better time, given the pandemic and the economic downturn,” City Councilwoman Carmen Ramirez said in a city news release. “The opportunity Read More →

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State Street property leased for downtown housing

By   /  Thursday, October 8th, 2020  /  Latest news, Real Estate, South Coast, Tri-County Economy  /  Comments Off on State Street property leased for downtown housing

The old Staples and Reid’s Appliance buildings in downtown Santa Barbara have been leased with plans to add 84 units of housing to the property. The new tenant has a 99-year ground lease for the property on lower State Street, Radius Commercial Real Estate announced Oct. 8. The city has given preliminary approvals to build Read More →

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Oxnard in line for state funds to convert motel to housing

By   /  Wednesday, September 30th, 2020  /  Columns, Real Estate  /  Comments Off on Oxnard in line for state funds to convert motel to housing

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