Kim Daniels
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Nearly one in five office buildings in Ventura County are vacant. For some it seems like one more disaster, but others see it as an amazing opportunity for commercial real estate investors.
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When investors planning to turn a run-down motel into high-end condos ran into the housing downturn, they did a turn of their own. Instead of an upscale, glitzy development, the builders went back to the drawing board and created 30 units of much-needed low-income housing.
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Nearly one in five office buildings in Ventura County are vacant. For some it seems like one more disaster, but others see it as an amazing opportunity for commercial real estate investors.
-
When investors planning to turn a run-down motel into high-end condos ran into the housing downturn, they did a turn of their own. Instead of an upscale, glitzy development, the builders went back to the drawing board and created 30 units of much-needed low-income housing.
