News

The Central Coast might never be Silicon Valley, but the technology scene that exists in San Luis Obispo, Santa Barbara and Ventura counties is strong and consistent. That isn’t going…

Quarterly review and forecast covering leasing and sales of commercial real estate – including office, industrial, and retail – for the South Coast of Santa Barbara County. Highlights: Commercial sales…

Workers are returning to U.S. offices at the highest rate since the pandemic forced most workplaces to temporarily close in 2020, as infection rates continue to fall and more companies intensify efforts to bring…

The COVID-19 pandemic brought home the fact that for many companies, it’s viable to have a workforce that works almost entirely from home, and that’s prompted some tough decisions about…

Procore is subleasing one of the buildings at its campus overlooking the ocean in Carpinteria, according to a listing with Hayes Commercial Group. The 50,000-square-foot building, located at 6267 Carpinteria…

One of the crown jewels of Santa Barbara commercial real estate has changed ownership from one prominent South Coast family to another. Riviera Park, which housed the original buildings of…

A $780,000 consultant from Seattle will try to come up with a plan to fix Santa Barbara’s State Street. The City Council voted unanimously, 7-0, to hire MIG Inc., but…

Quarterly review and forecast covering leasing and sales of commercial real estate – including office, industrial, and retail – for the South Coast of Santa Barbara County. Highlights: Record year-to-date…

Raytheon Technologies is greatly expanding its presence in Southern California, including filling 200 new jobs in at its Goleta operation. In total, Raytheon will be adding 1,000 jobs the Southern…

Santa Barbara is leaning toward a possible commercial vacancy tax on property owners who neglect their buildings. It was one of the several proposals and ideas that came out of the…

GOLETA, California — One of the three buildings in the Appfolio headquarters campus, 50 Castilian Drive, was purchased by an investor for $13.9 million. The leasehold interest sale was of…

The unemployment rate in the tri-county region dipped to 3.4% in March, its lowest by a comfortable margin since before the COVID-19 pandemic began, according to data released April 15…

Quarterly review and forecast covering leasing and sales of commercial real estate – including office, industrial, and retail – for the South Coast of Santa Barbara County.

Peter Sullivan and his wife had dreamt of moving to Santa Barbara for a decade. Last year, that dream became a reality, when Sullivan and wife — along with his…

An Agoura Hills-based real estate investment company purchased a six-building industrial/research and development campus in Goleta in an off-market transaction for $50.7 million. In a news release, Hayes Commercial Group…

In December 2021, Marge Cafarelli, the owner and founder of the Santa Barbara Public Market sold the building and the business to a local team led by Travis Twining. As…

A six-building industrial / R&D campus on 11.9 acres in Goleta was purchased in an off-market transaction by Majestic Asset Management. The asset was part of a portfolio of commercial properties managed by The Towbes Group.

The Harbor Restaurant and Longboard’s Grill on Stearns Wharf were sold to an entity known as Santa Barbara Harbor Restaurant Inc., for an undisclosed amount.

Earlier this month, 94 property owners on Coast Village Road received a formal petition for the proposed Coast Village Community Benefit Improvement District (CBID), an idea brought forth by the…

Two high-profile Santa Barbara hotels were acquired by billionaires in 2021, according to Hayes Commercial Group’s recently released South Coast market report. Diane Hendricks purchased the 75-room Hotel Santa Barbara…

Cari Shore, a senior vice president and director of community banking at Montecito Bank & Trust, started working in the banking industry 30 years ago. Since then, she said, there…

If there was any doubt that commercial real estate sales have not yet recovered from the pandemic recession, a recent report released by Santa Barbara’s Hayes Commercial Group certainly proves…

In our Q3 report we concluded that South Coast commercial sales had fully recovered from the pandemic recession, and Q4 activity put an exclamation point on that assessment with $283…

South Coast office leasing has not shown convincing signs of recovery since the pandemic slowdown in 2020. The gross consideration of $68 million in 2021 was 26% below the prior…

In many ways it was a year of economic recovery for the local retail sector. Taxable retail sales on the South Coast rebounded to 2019 levels, according to midyear reporting…

The city’s premier open-space food hall — Santa Barbara Public Market, nestled at the edge of downtown on the corner of Chapala and Victoria streets — was recently sold to…

Goleta’s industrial market established new highs for gross absorption (260,000 sf) and consideration ($18.8 million) in 2021, including nine leases larger than 10,000 sf. Four transactions totaling 47,000 sf at 30 S La…

With goals of bringing new energy and some new investments, two local families have purchased the Santa Barbara Public Market and an adjacent space in downtown Santa Barbara. The market…

Quarterly review and forecast covering leasing and sales of commercial real estate – including office, industrial, and retail – for the South Coast of Santa Barbara County.

GOLETA, CA—The Foodbank of Santa Barbara County purchased a 77,900 SF warehouse/office property at 80-82 Coromar Dr in Goleta for its own use. The price for the off-market sale was…

Quarterly review and forecast covering leasing and sales of commercial real estate – including office, industrial, and retail – for the South Coast of Santa Barbara County.

Caitlin Hensel’s summary of Santa Barbara’s recent CRE activity:
• A wine-drenched game of musical chairs
• Owner-user takeover

The Nordstrom building in downtown Santa Barbara is in the final steps before it sells, and the new owner is looking to turn the upper floors into new office space,…

Following a lull in the first quarter, commercial sales transactions accelerated somewhat in Q2, while dollar volume got a boost from a few high-value investment sales. Overall, the market is…

The “future of the office” has been a hot topic as experts speculate what impact remote work has on how­—and how much—office space will be used going forward. Now that…

Overall, the South Coast retail market has proved surprisingly resilient during the pandemic. Transactions at midyear are just 3% below the pre-COVID 5-year average. The number of available spaces has…

National surveys report that industrial has been the commercial property type least impacted by the pandemic, and this has proved true on the South Coast as well. Whereas the local…

Quarterly review and forecast covering leasing and sales of commercial real estate – including office, industrial, and retail – for the South Coast of Santa Barbara County.

For a while there, and for obvious reasons, Santa Barbara’s office-space market was ice cold. Companies had no idea how or when the pandemic would end, so they deferred on…

SANTA BARBARA, CA — The Lobero Building at 924 Anacapa St in downtown Santa Barbara was recently purchased by a local investment group. The 41,000 SF five-story office building is…

GOLETA, CA – A three-building, 66,384 square-foot office/R&D/industrial campus in Goleta was recently purchased in an off-market transaction by Majestic Asset Management. The asset was part of a portfolio of…

Quarterly review and forecast covering leasing and sales of commercial real estate – including office, industrial, and retail – for the South Coast of Santa Barbara County.

The former Macy’s building in downtown Santa Barbara will be transformed into office space, the Hayes Commercial Group announced Monday. Located at 701 State St., the 132,500-square-foot building in the Paseo Nuevo shopping mall will…

Santa Barbara, CA – Once a retail anchor housing Macy’s in Paseo Nuevo Shopping Center, 701 State Street—now named the Ortega Building—is being repositioned by owner Pacific Retail Capital Partners…

Coast Village Road is cruising. The Santa Barbara City Council voted 7-0 on Tuesday to approve an ordinance that will allow the Coast Village Association the opportunity to form a…

Francois Dejohn presented a summary and outlook of the South Coast commercial real estate markets at the SBAOR webinar. Here is the video.

Given the economic headwinds, sales volume was surprisingly robust with 78 sales totaling $342 million (excluding hotel sales) during 2020, with the lion’s share of activity in the second half…

In an off-market transaction, the 165,905-square-foot tech office campus was purchased by Irvine-based Shopoff Realty Investments and Praelium Commercial Real Estate in a joint venture. The sellers were Montana Avenue…

Quarterly review and forecast covering leasing and sales of commercial real estate – including office, industrial, and retail – for the South Coast of Santa Barbara County.

The Pacific Coast Business Times asked several local real estate brokers how they see the commercial markets in San Luis Obispo, Santa Barbara and Ventura counties developing in the coming…

GOLETA – In an off-market transaction, Majestic Asset Management, Inc recently purchased 120 Cremona Drive, a 58,000 square-foot multitenant office/R&D building in Goleta. The seller was EastGroup Properties. The closing…

Majestic Asset Management purchased a 175,211 square-foot office campus in Goleta last week. Located at 7414-7418 Hollister Ave., the three-building, 14.6-acre campus has primarily been occupied by software companies over…

Quarterly review and forecast covering leasing and sales of commercial real estate – including office, industrial, and retail – for the South Coast of Santa Barbara County.

Work and business spaces are shifting in response to the COVID-19 pandemic [Excerpts of the article follow. See the full text at the link above.] Coronavirus is changing how and…

Quarterly review and forecast covering leasing and sales of commercial real estate – including office, industrial, and retail – for the South Coast of Santa Barbara County.

June 15, 2020 GOLETA – An 11,200 square-foot industrial building in Goleta was recently sold in an off-market transaction by Majestic Asset Management. The buyer was an unnamed owner-user based…

Mid-quarter update on commercial real estate sales and leasing markets – including office, industrial, and retail property – for the South Coast of Santa Barbara County.

Quarterly review and forecast covering leasing and sales of commercial real estate – including office, industrial, and retail – for the South Coast of Santa Barbara County.

SANTA BARBARA, Calif — Several new reports show leasing in the core of downtown Santa Barbara is up and a turn around maybe be taking place after about three years…

Empty Space in Affluent Santa Barbara, California, Revamped for Bustling Tech Sector Nationwide, clothing outlets are shrinking their real estate while technology firms are growing theirs. Now, those two trends…

An affiliate of Montana Avenue Capital Partners, LLC has purchased a three-building campus along Castilian Drive in Goleta for more than $35.7 million dollars. The property, located at 50, 70…

GOLETA – An affiliate of Montana Avenue Capital Partners, LLC (“MAC”) purchased the three-building campus at 50, 70, and 90 Castilian Drive in Goleta, California for approximately $35,725,000. The property,…

In industrial leasing, Goleta ran dramatically counter to the rest of the South Coast, yielding a record-high 36 transactions, while Santa Barbara and Carpinteria both had record-low transaction counts of…

Santa Barbara Retail It was a busy year for retail leasing in Santa Barbara, amounting to 69 retail transactions, the highest count in 10 years. However, the heavy deal volume…

Goleta Office Leasing In 2019, the Goleta office leasing market maintained its trajectory of high demand and leasing activity, coupled with absorption of available space. At year-end, the vacancy rate…

The South Coast commercial sales market soared into uncharted territory in 2019, as dollar volume (excluding hotel property) exceeded $500 million, surpassing the next highest annual total by $140 million….

Majestic Asset Management Inc. purchased two research and development office buildings neighboring parcels in Goleta for $24.25 million. The Agoura Hills-based company owns and develops investment properties primarily in Los…

GOLETA – Majestic Asset Management, Inc has purchased two office/R&D buildings on adjacent parcels in Goleta for $24.25 million. The buildings total 133,299 square feet on 8.17 acres. Based in…

Quarterly review and forecast covering leasing and sales of commercial real estate – including office, industrial, and retail – for the South Coast of Santa Barbara County.

[Following are excepts. To read the full article, please follow the “original source” link above.] Two years after major changes in four South Coast luxury hotels, there has been a…

South Coast office leasing has been robust in 2019, especially in Goleta where momentum from record volume in 2018 has carried forward to the present. Achieved rents have also ascended…

Through three quarters of 2019, South Coast sales continue to reflect a more selective posture from investors, while owner-users have assumed a prominent role, enabled by favorable financing. Dollar volume…

Quarterly review and forecast covering leasing and sales of commercial real estate – including office, industrial, and retail – for the South Coast of Santa Barbara County.

SANTA BARBARA – The Housing Authority of the City of Santa Barbara recently purchased a 1.34 acre property at 200 N La Cumbre Rd in Santa Barbara, a few blocks…

MONTECITO, CA – The Old Firehouse building at 1486 East Valley Rd in Montecito was purchased by an unnamed investor with ties to the Santa Barbara area. The sale price…

GOLETA, CA – In the South Coast’s highest-value commercial sale to date in 2019, the 106,309 square-foot building on 6.9 acres at 6300 Hollister Ave in Goleta was just purchased…

I need a new couch. Nothing fancy, just a comfortable place to lie down and take a break from all this sitting. And sofas, like shoes and mattresses, are tricky…

New Study Doesn’t Hold Back, But Offers Concrete Solutions The City of Santa Barbara “does not have a business-friendly reputation,” its permitting process for new retailers is “expensive and high-risk,”…

Quarterly review and forecast covering leasing and sales of commercial real estate – including office, industrial, and retail – for the South Coast of Santa Barbara County.

In Santa Barbara, nearly 70 technology companies now call downtown home. Hayes Commercial Group released a report this week that shows downtown Santa Barbara is growing into a hotbed for…

A brief history of tech in downtown Santa Barbara. Download the full report. Technology companies have become an increasingly significant presence in downtown Santa Barbara over the past decade. Prior…

SANTA BARBARA – Tech company Honey Science recently subleased two adjoining buildings totaling 18,792 square feet of office space in the center of downtown Santa Barbara. The newly constructed buildings,…

Quarterly review and forecast covering leasing and sales of commercial real estate – including office, industrial, and retail – for the South Coast of Santa Barbara County.

Expanding technology companies are absorbing office space on State Street in Downtown Santa Barbara. Santa Barbara’s tech industry is growing, and expanding firms are absorbing office space on State Street…

CenCal Health has purchased the 60,225-square-foot office building at 4050 Calle Real in Santa Barbara. CenCal Health had been leasing space in the building since 2009. Francois DeJohn and Steve…

Software company Invoca recently leased the 27,773-square-foot building at 419 State St. in downtown Santa Barbara. The company moved from a 14,746-square-foot office at 1025 Chapala St. Francois DeJohn, Steve…

Call analytics company Invoca recently leased office space in downtown Santa Barbara, upgrading its headquarters to 27,773 square feet at 419 State St. The move marks a significant expansion from…

SANTA BARBARA – Software company Invoca recently leased the 27,773 square foot building at 419 State St in downtown Santa Barbara. The move marks significant expansion from the firm’s former 14,746…

GOLETA, CA – CenCal Health, the publicly-sponsored health plan that provides comprehensive health coverage to Medi-Cal beneficiaries, recently purchased the 60,225 square foot office building at 4050 Calle Real in…

GOLETA, CA — 600 Pine Ave in Goleta was recently sold to a local buyer. The entire 83,479 square foot building is leased by Northrop Grumman Innovation Systems (formerly Orbital ATK)…

SANTA BARBARA – Rob Adams joined Hayes Commercial Group as a Broker Associate, effective January 1. Rob’s 18-year background as a commercial broker, residential builder, and CCIM has equipped him…

Quarterly review and forecast covering leasing and sales of commercial real estate – including office, industrial, and retail – for the South Coast of Santa Barbara County.

A portion of the Cabrillo Business Park in Goleta recently sold to developer RAF Pacifica Group in a movement that could challenge downtown Santa Barbara’s claim as the principal business…

Developer plans to construct premium flex/R&D and office space at Goleta site Developer RAF Pacifica has purchased 11 acres in Goleta’s Cabrillo Business Park, in one of the most expensive commercial land deals…

Developer to build approximately 145,000 SF of premium flex/R&D and office space The transaction consisted of five parcels of fully entitled commercial land totaling approximately 11.36 acres at the Cabrillo…

SANTA BARBARA, CA – A local investor has purchased 18 Anacapa St, a mixed-use property in Santa Barbara’s “Funk Zone” neighborhood, listed for $8,950,000. The three-story building totals 13,215 square…

Quarterly review and forecast covering leasing and sales of commercial real estate – including office, industrial, and retail – for the South Coast of Santa Barbara County.

As Santa Barbara’s State Street struggles with the largest number of commercial properties for sale in its history, and the greatest number of vacant retail spaces since the 2008 recession, an unheralded,…

The imminent arrival of Target at Storke Plaza has cemented the retail area south of Hollister Avenue at Storke Road as Goleta’s primary destination for retailers, according to Hayes Commercial Group. “In…

Quarterly review and forecast covering leasing and sales of commercial real estate – including office, industrial, and retail – for the South Coast of Santa Barbara County.

Quarterly review and forecast covering leasing and sales of commercial real estate – including office, industrial, and retail – for the South Coast of Santa Barbara County.

Liam Murphy gave a 10 minute commercial real estate outlook for 2018 to the Santa Barbara Association of Realtors on February 15. Here is a YouTube link to his speech…

Quarterly review and forecast covering leasing and sales of commercial real estate – including office, industrial, and retail – for the South Coast of Santa Barbara County.

MONTECITO, CA – Coast Village Plaza at 1187 Coast Village Rd in Montecito was the site of a celebration and ribbon-cutting ceremony this afternoon. Nearly 100 people attended the event,…

MONTECITO, CA – The major renovation of Coast Village Plaza at 1187 Coast Village Rd in Montecito, which has been underway during the past year, is scheduled for completion in…

SANTA BARBARA, CA. One of downtown Santa Barbara’s best-located and longest-held commercial properties, 800 State St, was just sold to a local investor. The property received multiple offers and sold…

Quarterly report on leasing and sales of commercial real estate, including office, industrial, retail, and multifamily property, on the South Coast of Santa Barbara County.

A Westmont College alumnus and full-time commercial broker for nine years, Liam Murphy has become a partner with Hayes Commercial Group in Santa Barbara. He joined the firm in 2011. Murphy has a wealth…

Homecoming After starting TrackR in a Goleta garage eight years ago, founders Chris Herbert and Christian Smith are returning to the Good Land, this time to a nearly 39,000 sf officebuilding with about 100 of their closest…

Quarterly report on leasing and sales of commercial real estate, including office, industrial, retail, and multifamily property, on the South Coast of Santa Barbara County.

The 105,257 SF office/R&D building at 71 S Los Carneros Rd in Goleta has been purchased by a local investment team. Francois DeJohn and Steve Hayes of Hayes Commercial Group represented the seller in the transaction,…

Hayes Commercial Group has reported that commercial real estate sales for the first three months of 2017 in the South Coast area have “maintained the momentum of 2016,” with Santa Barbara seeing…

Juice Ranch, a local juice shop with locations in Santa Barbara, Carpinteria and Westlake Village, has leased a 587-square-foot space in Montecito’s Coast Village Plaza. Francoise DeJohn and Michael Martz…

At a time when Ventura and San Luis Obispo are experiencing a rise in sales and transient occupancy taxes, the city of Santa Barbara is struggling to offset a decline…

MONTECITO, CA – As Montecito’s Coast Village Plaza nears completion on its extensive makeover, another tenant has joined its dynamic mix. Juice Ranch, a local juice shop with locations in…

Greg Bartholomew of Hayes Commercial brokered an 18,000 square foot class A office building at 1155 Eugenia Place in Carpinteria. The building, near the beach and downtown, was sold to…

Quarterly report on leasing and sales of commercial real estate, including office, industrial, retail, and multifamily property, on the South Coast of Santa Barbara County.

Four floors of the tallest building in Santa Barbara have been sold to a local investor. Floors 3 through 6 of the 116-foot Granada Theatre tower serve as commercial space,…

SANTA BARBARA, CA – The commercial portions of the Granada Tower at 1216 State St, downtown Santa Barbara’s most visible landmark and site of the historic Granada Theatre, were recently…

Quarterly report on leasing and sales of commercial real estate, including office, industrial, retail, and multifamily property, on the South Coast of Santa Barbara County.

Three years after Rusty’s Pizza Parlor announced its exit from the lighthouse building at 15 E. Cabrillo Blvd. in Santa Barbara, the iconic site is preparing for its next tenant….

Bluewater Grill press release: Santa Barbara, California (Nov. 15, 2016) Bluewater Grill will bring a blend of locally caught sustainable seafood, monthly chef’s tastings and neighborhood wine and happy hours…

The customizable, fine-dining experience of Los Angeles’ Scratch|Bar & Kitchen is checking into the Montecito Inn. On Nov. 4, executive chef Phillip Frankland Lee and his wife, pastry chef Margarita…

Quarterly report on leasing and sales of commercial real estate, including office, industrial, retail, and multifamily property, on the South Coast of Santa Barbara County.

MONTECITO, CA – After nearly two years of preparation and permitting, extensive renovations just broke ground at the 20,000 square-foot retail and office center at 1187 Coast Village Road in…

CARPINTERIA, CA – Since it began relocating its headquarters to the Carpinteria bluffs three years ago, Procore Technologies has seen both its business and footprint grow dramatically. Since August of 2013, the…

SANTA BARBARA – Two brokers with Hayes Commercial Group have been contributing their talents and personal time to CALM (Child Abuse Listening Mediation), a non-profit organization providing child abuse prevention and treatment programs…

Quarterly report on leasing and sales of commercial real estate, including office, industrial, retail, and multifamily property, on the South Coast of Santa Barbara County.

SANTA BARBARA – The restaurant property at 30 Los Patos Way, currently the Montecito Event Center and previously known as Café del Sol, has been purchased by the founder of the famous…

Quarterly report on leasing and sales of office, industrial, retail, and multifamily property on the South Coast.

The landmark Montecito Inn at the east end of Coast Village Road is seeking a new tenant for its 2,513 square-foot restaurant & bar. The space, located at 1295 Coast…

Santa Barbara’s newest adaptive reuse project is now home to eight tenants. Liam Murphy and Greg Bartholomew of Hayes Commercial Group represented the owners, Darrell and Kirsten Becker of Becker…

I have a slight fear of heights. My kids might argue that it’s more than just a slight fear. They’ve seen me panic in years past when they got too…

Part of the tallest building in Santa Barbara is now up for sale, with the owner of the Granada Tower hoping to parcel off four of the eight-story building’s floors…

CARPINTERIA, CA – Two fourth quarter leases at 6307 Carpinteria Ave have left the 119,695 square-foot office campus, also home to CKE Restaurants (Carl’s Jr.), fully leased. The nine-acre oceanfront…

SANTA BARBARA- The space recently occupied by So Good Jewelry has just leased to a company that will open a footwear store. This prime retail storefront next to the Paseo…

Quarterly report on leasing and sales of office, industrial, retail, and multifamily property on the South Coast.

GOLETA- A prominent restaurant building in Old Town Goleta, known for being the home of The Natural Café, has sold to a new owner. The same family had owned 5892…

SANTA BARBARA- The Spanish-style building located at 801 Garden St has now been fully leased to a mix of office tenants. Greg Bartholomew and Steve Hayes of Hayes Commercial Group…

Anyone who’s ever wanted to live within a piece of art that also doubles as an office will find refuge within El Jardin, a soon-to-hit the market live/work unit in…

ISLA VISTA- Amazon recently opened a physical store at 6533 Trigo Rd in Isla Vista. This addition to the student-dense community is a pick-up and return center where students and…

At the corner of Haley and Laguna Streets, a few familiar faces recently settled into a new, urban chic setting designed by builders Darrell and Kirsten Becker. The couple has…

Quarterly report on leasing and sales of office, industrial, retail, and multifamily property on the South Coast.

Liam Murphy has joined the board of trustees of Child Abuse Listening Mediation. He has served on the Facilities Committee for several years. Mr. Murphy is a commercial real estate…

Record-setting real estate deals were the name of the game in Carpinteria recently.In terms of size, the sale of the nine-acre, ocean-front property that is home to CKE Restaurant Holdings…

CARPINTERIA – Home to one of Carpinteria’s beloved family restaurants, 699 Linden Ave has been purchased by a local investor. Tony’s restaurant closed for business after the family decided to…

CARPINTERIA – The highest value commercial sale ever recorded in Carpinteria just closed at 6303-6309 Carpinteria Ave. Montana Avenue Capital Partners, LLC (“MAC”) – a Santa Monica investment, management, and…

A Gandolfo’s New York Deli will open this summer in downtown Santa Barbara, serving up the chain’s famous smoked pastrami on rye and other East Coast specialties. [Note: Michael Martz…

Seek Thermal was getting too big for its britches at its former headquarters just off Calle Real in Goleta, so the company recently sized up to 10,000-plus square feet of…

SANTA BARBARA – The building that has been home to the Arts & Letters Café and Sullivan Goss Art Gallery for 20 years was purchased by a local investor/entrepreneur. The…

GOLETA- Seek Thermal, Inc. leased 10,200 square feet at 111 Castilian Drive in Goleta, California to expand its business. Specializing in the consumer market for thermal imaging, Seek Thermal is…

Kris Parker, grandson of the late Fess Parker, is working to open Santa Barbara’s newest brewery operation. With the help of a few friends, family members and business partners, Parker…

By: James Buckley-Santa Barbara Sentinel. [Excerpted]. The Haley Street corridor, bordered by East Montecito Street and Cota and stretching from Laguna to, well, perhaps all the way to Milpas, seems…

By: James Buckley-Santa Barbara Sentinel. [Excerpted] A couple issues ago (Sentinel #4/6), we opined in these pages that “all things being equal (and they never are) you should own the…

Suddenly, Carpinteria is getting a lot of attention. With business-centric social networking site Linkedln’s $1.5 billion purchase of on-line training company Lynda.com, the city is in the limelight. Carpinteria is…

Christos Celmayster and Kristopher Roth, two of the Santa Barbara area’s most prolific commercial real estate brokers, are now partners with Hayes Commercial Group. Both were existing associates with the…

With the chapter closed on 2014, real estate brokers in the Tri-Counties have some significant benchmarks to compete with in 2015. Records were broken and deal volumes through the first…

A pair of local investors have purchased 764 & 784 Maple St, located on the corner of Maple and 8th Streets in downtown Carpinteria. The property consists of two houses…

Once home to Raytheon, the industrial/R&D building at 5756 Thornwood Dr in Goleta has been purchased by a local investor for $2,815,000. The 20,800 SF building was originally developed as…

The owners of Sullivan Goss — An American Gallery are downsizing their business to the art gallery at 11 E. Anapamu St. and selling the building that currently houses their…

A landmark retail and office property in the heart of Montecito’s lower village has changed ownership in an off-market deal and will remain locally owned by Montecito residents. Known as…

By Elijah Brumback. Pacific Coast Business Times. Montecitos Coast Village Road continues to be a hot spot for commercial real estate investment as the Coast Village Plaza recently traded hands…

By Steve Sinovic. Newspress Staff Writer. Internet search giant Google has leased a new facility in the Hollister Avenue high-technology corridor, planning to staff the facility with a team of…

Summerland, CA – One of the most recognizable buildings on Summerland’s commercial corridor has been purchased by a local investor in an off-market transaction. The sale price of more than…

By: Elijah Brumback. Pacific Coast Business Times. HG Data, a business intelligence firm, recently signed a 3.5-year lease for 9,000 square feet in a former dance studio at 1 N….

Orcutt, CA – Local investment group Bradley Ventures, LLC recently acquired an 80-acre site in northern Santa Barbara County called Key Site 30. Better known as Bradley Village, this project…

Pacific Coast Business Times. Santa Barbara – The entire fourth floor of the Granada Tower – a 3,528 sf Class A office space – has been leased by Peritus Asset…

By Staff Report. Pacific Coast Business Times. Santa Barbara-based Peritus Asset Management recently signed a long-term lease for the entire fourth floor of the Granada Tower, making the building fully…

While waiting for the value of the land to rise, “trailer parks” (currently known as manufactured housing communities) were developed as temporary uses in these “middle of nowhere” locations. Today,…

Serious money continues to make its way into the Goleta area, as evidenced by the purchase of an office building by an unnamed investor in what deal makers claim is…

GOLETA, CA – Once owned by Raytheon, the 102,066 square foot office building at 1 S. Los Carneros Rd in Goleta has been purchased by an unnamed owner-user in an…

Samy’s Camera has signed up for 11,450 square feet of space at 530 State St., the largest retail lease in downtown Santa Barbara in three years, according to commercial real…

SANTA BARBARA – A popular and longtime retail fixture in downtown Santa Barbara, Samy’s Camera will relocate to a high-profile location on State Street in July. After ten years on…

Samy’s Camera plans to lease a smaller downtown Santa Barbara location at 530 State St., where the retail shop would relocate in July, according to company management. The new space…

Goleta, CA – An unnamed local investor has purchased 6550 Hollister Ave, one of the elite office properties in the Santa Barbara area. The 39,875 square foot building is located…

In my last retail report I commented on the rise in the “wealth effect,” in which the recent rise in home values and substantial gains in the stock market have…

Goleta, CA – In the highest priced commercial sale of 2013 for southern Santa Barbara County, an owner-user purchased three office buildings, 7414, 7416 and 7418 Hollister Ave, in Goleta….

Santa Barbara, CA – The building that is home to Blush restaurant, a prominent downtown eatery and bar, traded hands on the final day of 2013, setting the high mark…

Sonos is now the only company in downtown Santa Barbara that occupies more than 100,000 square feet of space. The company signed leases collectively valued at more than $21 million…

Sanford Winery has opened a new tasting room in La Arcada at 1114 State Street in Santa Barbara. Sanford chose the arts and entertainment district of upper downtown, with the…

Santa Barbara, CA —- PathPoint, a local nonprofit organization, is combining and moving its South Santa Barbara County programs downtown to 902 Laguna Street in early 2013. Founded in 1964,…

Hayes Commercial Group broker Kristopher Roth was selected to the “40 under 40” feature for 2013 in the Pacific Coast Business Times. The prestigious group includes professionals from Santa Barbara,…

Suzanne Wolfe Jewell and Wayne Jewell have spent five years helping other clients build custom trampoline parks around the U.S., an increasingly popular form of entertainment and exercise. Now, the…

Santa Barbara-based Trampolines Unlimited Inc. has manufactured a wide variety of custom trampolines, vaulting boards and foam pits for gymnastics clubs, private homes and the entertainment industry since 1975. In…

In his mid-year retail outlook, Michael Martz of Hayes Commercial Group asserts that upmarket retailers are becoming active again in Santa Barbara’s central business district, hoping to capitalize on the…

The commercial real estate recovery along the South Coast remained bumpy in the first half of the year, according to the latest report from Hayes Commercial Group. “The first half…

In the first half of 2013, local home values began increasing and showing solid appreciation over 2012. This trend, combined with lower levels of household debt, should fuel the “wealth…

The Santa Barbara Foundation has announced its selections for the 2013-2014 Katherine Harvey Fellows, an 18-month leadership development program. The program’s 15 participants are young professionals, ages 25 to 45,…

CARPINTERIA, CA – Griplock Systems, a global leader in cable suspension products, has leased 11,259 SF of space at 1132 Mark Ave in Carpinteria for its new headquarters. The company…

LAS VEGAS — Optimism reigns at RECon 2013 as retailers, developers, lenders and brokers converge on Las Vegas for the retail real estate industry’s biggest annual global event. With consumer…

SANTA BARBARA, CA – Hertz Corporation, one of the world’s largest equipment rental businesses and the world’s largest airport general use car rental brand, recently leased retail space for a…

Part social club, part coffee-shop hangout and part technology incubator, Workzones is a new “co-working” space in downtown Santa Barbara. The member-based club has taken over 4,927 square feet of…

SANTA BARBARA – Want to work downtown? Join the club. Paseo Nuevo is now home to Santa Barbara’s first co-working club. The central location is the ideal venue for workzones,…

Steve Hayes, a prominent figure in commercial real estate in the Santa Barbara area, has joined the Lobero Theatre board. As managing partner with Hayes Commercial Group, Steve Hayes brings…

CARPINTERIA, CA – One of the elite office properties in Southern California, the 50,955 square-foot building on the bluffs at 6267 Carpinteria Ave., was just purchased by local investor Victor…

A South Coast investor has purchased Venoco’s 50,955-square-foot headquarters building in Carpinteria. The property at 6267 Carpinteria Ave. was purchased by real estate investor Victor Schaff for an undisclosed amount….

The “owner-user” trend from 2012 has continued into this year, with many South Coast businesses buying properties for their own use. One notable example was the recent purchase of the…

Dargan’s Pub & Restaurant has been a beloved fixture of downtown Santa Barbara for more than 15 years. Recently the pub’s owner, Paul Dargan, ensured that his business will have…

The completely redeveloped multi-use building on the prominent corner of Cliff Drive and Meigs Road welcomes a new yoga studio to its second level. Mesa Hot Yoga will be opening…

SANTA BARBARA – Sure, everyone loves pizza. But for Chef Glenn Cybulski, pizza is a passion that drives his professional life and has led him to more than 100 culinary…

The South Coast commercial real estate market broke sales records last year, with the total deal value topping $365 million. The news came from Hayes Commercial Group, which jokingly noted…

Santa Barbara welcomes Bank of Manhattan to the city’s financial district in the heart of downtown. The bank’s mortgage division will now occupy 2,455 sf at 1004 Santa Barbara St,…

Two Santa Barbara newcomers have opened shop this month at Super Chic by combining their love of design and of the eclectic. Located at 1A W. Canon Perdido, the shop…

Two San Francisco based entrepreneurs have taken a creative approach to home decor, saying their store is unlike anything in downtown with hand picked items brought in from around the…

Steve Hayes remembers meeting his clients at places around town, rushing back to his office, checking voicemail and then heading back out. It was commercial real estate, in the low-tech…

An experienced business person with strong roots in the Santa Barbara community, Paul Bradford has joined Hayes Commercial Group as a Broker Associate. Paul has a broad range of experience…

Hayes Commercial Group has released its Year-end Review of South Coast commercial real estate. To receive an advance copy of future quarterly reports, use subscribe feature at the bottom of…

Sales in commercial real estate posted increases in Santa Barbara County during the third quarter, while commercial leasing experienced a decline. Commercial Realtors who released their third-quarter summaries from the…

If you have gold jewelry collecting dust or some leftover euros from a trip abroad, Paul Brombal can help. His family-owned business of 30 years, currently located at a storefront…

2012 has been marked by an increase in sales of 20+ unit apartments on the South Coast. There have been 6 such properties sold so far this year, compared to…

There’s a summer retail shuffle happening on Santa Barbara’s State Street. The region’s versions of Rodeo Drive has seen a number of new leases, expansions, and moves this summer, including…

The City of Santa Barbara is putting the parking lot of the former Milpas Street post office up for sale in a sealed-bid auction to be held on July 19….

The City of Santa Barbara will sell the property located at 20 S. Milpas Street in a sealed bid auction on July 19, 2012. The 10,890 square foot parcel, which…

LAS VEGAS — With consumer confidence and spending both on the rise, commercial brokers that focus on retail property are hopeful that the long post-recession hangover is finally lifting from…

ormer pastry chef Cindy Black decided to open her Asian-fusion Blue Owl midnight eatery a year and a half ago when she noticed there weren’t many late-night dining options. But…

Not only did entrepreneur/chef Cindy Black realize that downtown Santa Barbara needed a place for late-night and post-clubbing grubbing, she met the need in style with gourmet creations at an…

Santa Barbara-based Ergomotion, a fast-growing supplier in the adjustable bed industry, will move the lion’s share of its operations from existing spaces in what brokers are calling the largest commercial…

Ergomotion, a company that makes adjustable bed bases, has signed the largest commercial lease in Santa Barbara so far this year. Year-to-date, the 9,656-square-foot lease at 203 Chapala St. is…

While adjustable beds are most often found in hospitals and retirement homes, one Santa Barbara company is trying to demonstrate that the beds aren’t just for the sick and elderly….

he Loop, a $12.5 million mixed-use project in downtown Isla Vista, is opening this summer, in time for the new school year. The four-story infiII project is being developed by…

Scottsdale-based high-end jeweler Scott Gauthier has selected State Street as the site for his third bricks-and-mortar store, according to the Santa Barbara-based real estate commercial broker who arranged the deal….

Over the past 20 years, Scott Gauthier has become one of the most renowned and recognized high-end jewelry designers in the country. Soon his award-winning work will be on display…

Neil Dipaola described Isla Vista’s newest student housing facility as the box seats at a concert. The UCSB alumnus used to live in the “front row.” He and 16 of…

This fall, UCSB students will have the opportunity to live in a brand new, luxury building designed by world-renowned architects. More importantly, it’s a block from campus and has an…

As Fresh & Easy Neighborhood Market prepares to open on Milpas Street in Santa Barbara, businesses along the corridor hope the new storefront brings new traffic. The 11,680-square-foot international grocery…

Commercial real estate investors are ready for a bit of risk. According to a 2011 Colliers survey, more than half of U.S. investors surveyed are prepared to move out of…