Street Smarts: Neverland Ranch sale leaves political footprints in Santa Ynez Valley
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Read More →Isla Vista landlord, management company settle civil case
The Santa Barbara County District Attorney’s Office reached a civil settlement Dec. 23 to resolve consumer protection complaints against two companies operating apartment complexes in Isla Vista. The civil complaints, filed in Santa Barbara Superior Court, contended that property owner CP910BMIV and property management company Isla Vista Luxury Living committed unlawful business practices by not Read More →
Read More →Real Estate: Santa Barbara building is city’s biggest apartment sale of 2020
Beachside Partners announced the sale of the 25-unit San Pascual Apartments in Santa Barbara at the beginning of December. The apartments were off-market and sold for $9.45 million in cash, making the property the city’s largest multifamily property sale this year.
Read More →More new homes on the way at San Luis Ranch
Presidio Residential Capital, Coastal Community Builders and Williams Homes are teaming up again to build almost 300 more homes in San Luis Obispo County.
Read More →PennyMac notches another strong earnings report
PennyMac Financial Services more than tripled its net income over the course of a year when it reported $535.2 million, or $7.03 per share, in its third quarter financial report, up from $121.5 million, or $1.51 per share, in the third quarter of 2019. The Westlake Village-based mortgage lender built on steam from a record Read More →
Read More →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 →
Read More →PennyMac’s quarter to remember
With mortgage rates at record lows and the homebuying and refinancing markets booming, PennyMac Financial Services, a Westlake Village mortgage lender, and its real estate investment trust both reported strong financial results on Aug. 6. PennyMac Financial Services announced a net income of $352.7 million for the second quarter of 2020, or $4.39 per share, Read More →
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