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  • Santa Barbara Talks: Francois DeJohn Says Remote Work Forcing Software Tech Companies to Sublease Space
    March 7, 2023
  • SF Business Times: New CA Bill to Ease Office-to-Housing Conversions
    March 1, 2023
  • Noozhawk: Five Points Shopping Center Getting Mattress Firm Takeover
    February 24, 2023
  • PacBiz Times: Technology Forecast: Innovation will be the theme for 2023
    January 6, 2023
  • 2022 Q4 Report
    January 1, 2023
  • 2022 Q3 Report
    October 1, 2022
  • WSJ: U.S. Return-to-Office Rates Hit Pandemic High as More Employers Get Tougher
    September 20, 2022
  • PacBiz Times: As working from home becomes the new norm, big companies look to sublease surplus space
    September 3, 2022
  • PacBiz Times: Procore to sublease blufftop building in Carpinteria
    August 24, 2022
  • PacBiz Times: Yardi family buys landmark Santa Barbara Riviera property
    July 28, 2022
  • Noozhawk: SB Council Votes to Hire $780,000 Consultant to Come Up with Plan for State Street
    July 27, 2022
  • 2022 Q2 Report
    July 1, 2022
  • PacBiz Times: Raytheon’s hiring spree takes flight with 200 new Goleta jobs
    June 24, 2022
  • Noozhawk: Santa Barbara Council Discusses Commercial Vacancy Tax
    May 29, 2022
  • AppFolio office building in Goleta sold for $13.9 million
    May 24, 2022
  • PacBiz Times: Region’s unemployment rates hit new post-pandemic lows
    April 15, 2022
  • 2022 Q1 Report
    April 1, 2022
  • PacBiz Times: New arrival on Santa Barbara tech scene starts biz-tech group
    March 28, 2022
  • PacBiz Times: Goleta industrial park sells in one of area’s biggest recent deals
    March 26, 2022
  • The Santa Barbara Public Market evolves under new ownership as Shalhoob’s opens for business
    March 24, 2022
  • 194,625 SF industrial/R&D campus in Goleta purchased by Majestic Asset Management
    March 21, 2022
  • Noozhawk: Longboards, Harbor Restaurants in Santa Barbara Have New Owners
    March 8, 2022
  • Coast Village Association Moves Forward with CBID Plans
    February 23, 2022
  • PacBiz Times: Lower State Street becoming a billionaire’s row for hotel owners
    February 13, 2022
  • PacBiz Times: Banks closed thousands of branches in 2021 and tri-county banks were no exception
    February 12, 2022
  • Independent: Santa Barbara’s Commercial Real Estate Is Red Hot
    February 11, 2022
  • 2021 Q4 Commercial Sales Update
    January 14, 2022
  • 2021 Q4 Office Leasing Update
    January 11, 2022
  • 2021 Q4 Retail Leasing Update
    January 9, 2022
  • Independent: Santa Barbara Public Market Sold to Local Buyers for over $10 Million
    January 7, 2022
  • 2021 Q4 Industrial Leasing Update
    January 7, 2022
  • PacBiz Times: Santa Barbara Public Market sold to local buyer
    January 6, 2022
  • 2021 Q4 Report
    January 1, 2022
  • Foodbank of Santa Barbara County buys 77,900 SF warehouse/office property in Goleta
    October 6, 2021
  • 2021 Q3 Report
    October 1, 2021
  • The Santa Barbara Update
    August 27, 2021
  • PacBiz Times: Nordstrom building conversion could lead to glut of Santa Barbara office space
    August 6, 2021
  • 2021 Q2 Commercial Sales Update
    July 15, 2021
  • 2021 Q2 Office Leasing Update
    July 12, 2021
  • 2021 Q2 Retail Leasing Update
    July 9, 2021
  • 2021 Q2 Industrial Leasing Update
    July 6, 2021
  • 2021 Q2 Report
    July 1, 2021
  • The Post-Pandemic State of Santa Barbara Office Space
    June 24, 2021
  • Historic Lobero office building in Santa Barbara sold to local investor
    May 6, 2021
  • 66,384 SF office/R&D campus in Goleta purchased by Majestic Asset Management
    May 5, 2021
  • 2021 Q1 Report
    April 1, 2021
  • Former Macy’s Building Being Converted to Offices in Downtown Santa Barbara
    March 16, 2021
  • 132,500 SF former Macy’s building at Paseo Nuevo in Santa Barbara being reinvented as office space
    March 15, 2021
  • Noozhawk: SB Council Allows Coast Village Assoc. Assessment District to Move Forward
    March 4, 2021
  • Commercial market summary by Francois DeJohn (video)
    February 19, 2021
  • 2020 Commercial Real Estate Sales: in like a lamb, out like a lion
    January 15, 2021
  • SoCal-based venture acquires Goleta tech campus for $61 million
    January 15, 2021
  • 2020 Q4 Report
    January 1, 2021
  • PacBiz Times: Real estate experts forecast a 2021 comeback in some sectors, but not all
    December 31, 2020
  • Majestic Asset Management expands Cremona Drive campus in Goleta with $13M acquisition
    December 17, 2020
  • News-Press: Majestic Asset Management purchases building
    October 13, 2020
  • 2020 Q3 Report
    October 1, 2020
  • UCSB Economic Forecast Project Webinar: COVID-19 and Commercial Real Estate
    August 31, 2020
  • 2020 Q2 Report
    July 1, 2020
  • Goleta industrial building sold by Majestic Asset Management
    June 15, 2020
  • 2020 Q2 Mid-quarter Update
    May 15, 2020
  • 2020 Q1 Report
    April 1, 2020
  • KEYT: Leasing improves in downtown Santa Barbara after slump
    February 13, 2020
  • Costar: Amazon Merges Two Real Estate Trends By Putting Offices in Former Saks Store
    February 4, 2020
  • News-Press: Goleta campus purchased for $35.7M
    January 31, 2020
  • Montana Avenue Capital Partners purchases AppFolio campus in Goleta
    January 29, 2020
  • 2019 Q4 Industrial Leasing: Goleta is very active while Santa Barbara and Carp are stifled by low vacancy
    January 16, 2020
  • 2019 Q4 Retail Leasing: Easing vacancy on State Street amid robust leasing in Santa Barbara
    January 14, 2020
  • 2019 Q4 Office Leasing: Goleta is (still) on a roll
    January 11, 2020
  • 2019 Q4 Commercial Real Estate Sales: Record volume tops $500 million
    January 10, 2020
  • Noozhawk: Goleta Office Space Transaction
    January 10, 2020
  • Majestic Asset Management acquires two office/R&D buildings in Goleta
    January 2, 2020
  • 2019 Q4 Report
    January 1, 2020
  • PacBiz Times: South Coast hotels find luxury niche
    October 22, 2019
  • 2019 Q3 Office Leasing: Goleta’s office market maintains momentum
    October 16, 2019
  • 2019 Q3 Commercial Sales: Record volume of office sales
    October 15, 2019
  • 2019 Q3 Report
    October 1, 2019
  • SB Housing Authority purchases 1.34-acre property near upper State Street
    September 3, 2019
  • Montecito’s Old Firehouse building sold
    August 29, 2019
  • Local investor acquires 106,000 SF office/R&D building in Goleta
    August 21, 2019
  • Independent: Is Santa Barbara’s State Street Finally Turning the Corner?
    August 9, 2019
  • Independent: Report Describes Santa Barbara as Unfriendly to Business, Suffocated by Red Tape
    July 25, 2019
  • 2019 Q2 Report
    July 1, 2019
  • Noozhawk: Downtown Santa Barbara Emerges as Hub for Technology Companies
    April 23, 2019
  • Tech in Downtown Santa Barbara: A Hayes Commercial Special Report
    April 23, 2019
  • Tech company Honey Science moves and expands in downtown Santa Barbara
    April 22, 2019
  • 2019 Q1 Report
    April 1, 2019
  • GlobeSt.com: Tech Industry Revitalizes Downtown Santa Barbara
    March 1, 2019
  • Noozhawk: CenCal Health Acquires Building
    February 22, 2019
  • Noozhawk: Invoca Leases State Street Offices
    February 22, 2019
  • Pacific Coast Business Times: Invoca moves down the street into Sonos’ digs
    February 21, 2019
  • Tech companies are on the move in downtown Santa Barbara as Invoca and Well Health Inc expand
    February 20, 2019
  • CenCal Health purchases 60,225 SF building in Santa Barbara, leases 22,392 SF in Goleta
    February 19, 2019
  • Northrop Grumman’s 83,479 SF facility in Goleta sold to local investor
    February 14, 2019
  • Rob Adams joins Hayes Commercial Group
    January 11, 2019
  • 2018 Q4 Report
    January 1, 2019
  • Pacific Coast Business Times: RAF Pacifica to add space to Cabrillo Business Park
    December 21, 2018
  • Noozhawk: RAF Pacifica Buys 11 Acres in Cabrillo Business Park from Sares-Regis Group
    December 18, 2018
  • RAF Pacifica purchases 11 acres in Cabrillo Business Park from Sares-Regis
    December 17, 2018
  • Mixed-use Santa Barbara waterfront property sold to local investor
    November 5, 2018
  • 2018 Q3 Report
    October 1, 2018
  • Noozhawk: As State Street stumbles, Santa Barbara’s ‘Lagoon District’ soars
    August 13, 2018
  • Noozhawk: Report shows Camino Real Marketplace solidifying status as Goleta’s shopping hub
    August 8, 2018
  • 2018 Q2 Report
    July 1, 2018
  • 2018 Q1 Report
    April 1, 2018
  • CRE Outlook for 2018 – Liam Murphy
    February 21, 2018
  • 2017 Q4 Report
    January 1, 2018
  • Fresh look and new tenants unveiled at Coast Village Plaza ribbon cutting
    October 27, 2017
  • Renaud’s and Empty Bowl are both coming to Coast Village Plaza
    October 5, 2017
  • Downtown “flagship” Starbucks building sold to local investor
    October 4, 2017
  • 2017 Q3 Report
    October 1, 2017
  • Standing Tall: Liam Murphy is now a partner with Hayes Commercial Group
    September 8, 2017
  • TrackR is growing and going (back) to Goleta
    August 29, 2017
  • 2017 Q2 Report
    July 1, 2017
  • Hayes Commercial brokers sale of Allergan building in Goleta
    May 22, 2017
  • Strong Commercial Real Estate Sales Continue Into 2017
    April 20, 2017
  • Juicy addition to Coast Village Plaza
    April 14, 2017
  • Santa Barbara Faces Revenue Drop
    April 14, 2017
  • Remodeled Coast Village Plaza welcomes Juice Ranch to tenant mix
    April 10, 2017
  • Carpinteria Building Sold
    April 7, 2017
  • 2017 Q1 Report
    April 1, 2017
  • Middle Four Floors of Granada Tower Sold to Local Investor
    March 23, 2017
  • Santa Barbara’s iconic Granada Tower purchased by local investor
    March 22, 2017
  • 2016 Q4 Report
    January 1, 2017
  • Bluewater Grill to Sail into Iconic Lighthouse Building on Santa Barbara’s Waterfront
    December 8, 2016
  • Bluewater Grill Coming to Santa Barbara
    December 2, 2016
  • Montecito Inn Reaches Deal to Bring Los Angeles-Based Scratch|Bar & Kitchen to Hotel
    November 20, 2016
  • 2016 Q3 Report
    October 1, 2016
  • Renovations underway at Montecito’s Coast Village Plaza
    September 13, 2016
  • Procore expands HQ campus on Carpinteria bluffs
    September 8, 2016
  • Hayes Commercial brokers assume new roles on board of CALM
    July 29, 2016
  • 2016 Q2 Report
    July 15, 2016
  • Cafe del Sol building purchased by Magic Castle founder
    June 16, 2016
  • 2016 Q1 Report
    April 1, 2016
  • Restaurant/bar space at Montecito Inn available for lease
    March 18, 2016
  • The Mill is fully leased with artisanal tenants
    January 20, 2016
  • Make Myself at Home: Iconic Granada Tower
    January 14, 2016
  • Part of Santa Barbara’s Granada Tower Goes Up For Sale
    January 11, 2016
  • Q4 leases fill CKE campus in Carpinteria
    January 5, 2016
  • Paseo Nuevo Space leased to San Francisco retailer
    January 4, 2016
  • 2015 Q4 Report
    January 1, 2016
  • Former Natural Café property sold to owner-user
    December 17, 2015
  • Five Office tenants fill remodeled 801 Garden St
    December 1, 2015
  • New Downtown Santa Barbara Live/Work Space Is 4 Stories of Whimsy and Creativity
    December 1, 2015
  • Amazon Store Opens in Isla Vista offering same-day pickup
    November 23, 2015
  • The Mill
    October 28, 2015
  • 2015 Q3 Report
    October 1, 2015
  • Standout: Murphy joins CALM board
    September 21, 2015
  • Tony’s Restaurant in Carpinteria Sold
    August 17, 2015
  • For Release Iconic Linden Ave restaurant building sold, now for lease
    July 23, 2015
  • LA investor makes record purchase in Carpinteria
    June 23, 2015
  • Gandolfo’s New York Deli to open on State Street in Santa Barbara
    June 19, 2015
  • Local companies relocating to bigger spaces in Goleta
    June 12, 2015
  • Arts & Letters Café building in Santa Barbara sold after 20 years
    June 4, 2015
  • Seek Thermal, Inc moves, expands in Goleta
    June 3, 2015
  • Third Window Brewing taking shape at new SB development
    May 29, 2015
  • Welcome to “The Mill”
    May 29, 2015
  • Buying Your Building
    May 5, 2015
  • Beach town in spotlight
    April 17, 2015
  • Christos Celmayster and Kristopher Roth are now partners with Hayes Commercial Group
    March 24, 2015
  • High bar set for 2015 in tri-county CRE markets
    January 2, 2015
  • Downtown Carpinteria property sold to local investors
    December 19, 2014
  • Goleta industrial building sold to local investors
    December 15, 2014
  • Arts & Letters Café building for sale
    December 4, 2014
  • Montecito’s Coast Village Plaza sold
    October 30, 2014
  • Montecito property sells for $13M
    October 30, 2014
  • Google to open facility in Goleta
    September 19, 2014
  • Landmark Summerland building
    September 8, 2014
  • HG Data signs up for space in Funk Zone
    August 28, 2014
  • Developer buys 80-acre site in Orcutt
    August 11, 2014
  • Peritus Asset Management takes 4th floor of the Granada Tower
    July 7, 2014
  • Granada Tower fully leased after Peritus deal
    July 7, 2014
  • Mobile Home Parks: a hidden gem for redevelopers
    June 25, 2014
  • Investor buys former Raytheon office building
    June 14, 2014
  • Landmark “Raytheon” building sold in off-market transaction
    June 12, 2014
  • Samy’s Camera moves to State Street
    May 22, 2014
  • Samy’s Camera relocates to State Street location
    May 21, 2014
  • Samy’s Camera focuses In on Downtown State Street space
    May 19, 2014
  • Trophy Goleta office building sold to local investor
    May 13, 2014
  • 2013 Year-End Santa Barbara Retail Perspective
    January 23, 2014
  • Hayes Commericial Group completes largest commercial sale of 2013
    January 14, 2014
  • State Street retail transaction sets high mark for 2013
    January 8, 2014
  • Sonos snags 100K square feet in Santa Barbara’s downtown
    January 3, 2014
  • Sanford opens tasting room in downtown Santa Barbara
    December 16, 2013
  • PathPoint to move programs to downtown Santa Barbara
    December 12, 2013
  • Kristopher Roth picked for 40 under 40
    September 30, 2013
  • Indoor trampoline park will open in Turnpike Shopping Center
    August 3, 2013
  • Trampolines Unimted to open flagship “Jump Club” and HQ in Santa Barbara
    July 30, 2013
  • High-end retailing is coming back
    July 27, 2013
  • Midyear update from Hayes Commercial
    July 26, 2013
  • Midyear Retail Outlook
    July 15, 2013
  • Liam Murphy named Katherine Harvey Fellow
    June 25, 2013
  • Griplock Systems finds new headquarters in Carpinteria
    June 19, 2013
  • Optimism reigns at ICSC’s RECon in Las Vegas
    May 22, 2013
  • Hertz to open new location to serve Santa Barbara
    April 29, 2013
  • Workzones opens downtown
    April 5, 2013
  • Santa Barbara welcomes new office concept with “Workzones”
    March 27, 2013
  • Lobero Theatre board welcomes Steve Hayes
    March 27, 2013
  • Local investor buys “Venoco Building” on Carpinteria bluffs
    March 18, 2013
  • Real estate investor buys $16.5M Venoco HQ in Carpinteria
    March 18, 2013
  • Rincon Technology buys Santa Barbara building
    March 4, 2013
  • Paul Dargan gives his namesake pub a permanent home
    February 27, 2013
  • Yoga studio opening on the Mesa
    January 31, 2013
  • Award winning chef brings a slice of Naples to State Street
    January 28, 2013
  • South Coast Update
    January 25, 2013
  • Bank of Manhattan expands to downtown Santa Barbara
    December 19, 2012
  • Santa Barbara residents sell eclectic products at Super Chic
    December 13, 2012
  • New interior decor store brings in unique offerings
    December 13, 2012
  • Steve Hayes celebrates 30 years of CRE dealmaking
    December 7, 2012
  • Paul Bradford joins Hayes Commercial Group
    December 4, 2012
  • HCG Year- End Review
    December 2, 2012
  • Commercial real estate market posts mixed third quarter
    November 15, 2012
  • State Street retail building purchased by local business
    October 8, 2012
  • 32-Unit Mesa apartment property sold
    September 17, 2012
  • State Street shopping scene heats up with boom in leases
    July 13, 2012
  • City putting parking lot up for auction
    July 6, 2012
  • City of Santa Barbara to auction land on Milpas Street
    July 5, 2012
  • Hayes Commercial brokers report from ICSC’s RECon in Las Vegas
    May 22, 2012
  • Owner of midnight eatery Blue Owl opening new daytime deli
    May 22, 2012
  • The Blue Owl opens daytime eatery in downtown Santa Barbara
    May 21, 2012
  • Bed supplier comes to rest on Chapala
    May 15, 2012
  • Ergomotion pens year’s largest lease in Santa Barbara
    May 14, 2012
  • No time to rest for adjustable-bed supplier Ergomotion
    May 14, 2012
  • The Loop in I.V. closes in on final retailer, tenants for summer debut
    April 6, 2012
  • Scottsdale jeweler to open store on State Street
    April 6, 2012
  • Jewelry by Gauthier to bring unique creations to Santa Barbara
    April 5, 2012
  • Student housing/retail project nearing completion in Isla Vista
    April 4, 2012
  • Green mixed-use project at UCSB nears completion
    April 2, 2012
  • Milpas businesses hoping new Fresh & Easy Market will be boon for neighborhood
    March 27, 2012
  • Small(er) Markets, Big Opportunities
    March 19, 2012
  • SBA loan program boosts businesses by building an ownership stake
    March 11, 2012
  • Real estate magazine recognizes Hayes Commercial Group
    March 9, 2012
  • MultiProbe buys 18,673 sf prperty in Santa Barbara
    March 1, 2012
  • MultiProbe purchases local headquarters
    March 1, 2012
  • Hayes Commercial earns spot on the list of top brokerages
    February 22, 2012
  • Resizing or Right-Sizing?
    February 10, 2012
  • 2012 Forecast
    January 6, 2012
  • Twenty Four 7 Moving Specialists leases warehouse space on Castilian Drive in Goleta
    December 12, 2011
  • Twenty four 7 moving leases 20,400 sf in Goleta
    December 12, 2011
  • REI opens new Santa Barbara store
    November 10, 2011
  • Nova Sensors leases 12,719 sf building in Buellton
    October 25, 2011
  • Economist speaking at Montecito Bank & Trust’s B2B Event warns of slow growth ahead
    September 28, 2011
  • Price, Postel & Parma renews lesase downtown
    August 22, 2011
  • Santa Barbara accounting firm makes a move downtown
    July 14, 2011
  • For Techtonic Games of Santa Barbara, video game development Is serious fun
    July 7, 2011
  • 70,000-SF Building Sale Ranks Top in Market
    June 24, 2011
  • Investors buy 70,000 sf office building in Goleta
    June 23, 2011
  • East Coast Investors buy $20M property in Goleta
    June 23, 2011
  • AppFolio, Control Point Make the Move to Castilian Tech Center in Goleta
    June 16, 2011
  • Retail Revival?
    June 11, 2011
  • 29,000 sf leased at Castilian Tech Center
    June 9, 2011
  • Clothing retailer plans State Street store
    June 8, 2011
  • Boulder entrepreneur gives State Street some fasion “Savvy”
    June 7, 2011
  • Hayes Report: ICSC’s RECon 2011
    May 27, 2011
  • NHR leases 98,000 sf in Goleta
    May 13, 2011
  • RightScale stays downtown with biggest lease in years
    May 11, 2011
  • RightScale doubles size of headquarters in Santa Barbara
    May 10, 2011
  • Sorkin: Financial Collapse could happen again
    May 5, 2011
  • Forecasters see slow recovery, shift in jobs
    May 5, 2011
  • RightScale to take over Santa Barbara tech incubator
    May 5, 2011
  • Local Entrepreneurs bring “Legacy” to Montecito
    May 2, 2011
  • Yardi Systems continues expansion in Goleta
    April 6, 2011
  • Liam Murphy joins Hayes Commercial Group
    March 29, 2011
  • Local economy on the upswing, forecaster says
    March 4, 2011
  • Sweetening Santa Barbara
    February 28, 2011
  • Carpinteria chocolate shop expanding to Santa Barbara
    February 24, 2011
  • AutoZone buys empty building
    February 23, 2011
  • Allied Waste expands headquarters in Santa Barbara
    February 8, 2011
  • Santa Barbara investment firm moving offices
    January 19, 2011
  • Santa Barbara Asset Management moves to State Street
    January 18, 2011
  • Commerical Real Estate Round Up
    January 10, 2011
  • Commercial real estate forecast for 2011
    January 7, 2011
  • Local non-profit buys historic Victorian
    December 14, 2010
  • TMC Communications moving to Goleta
    December 6, 2010
  • Maps.com picks University Business Center
    November 29, 2010
  • State Street goes from books to bargains in a flurry of deals
    November 26, 2010
  • Empty storefronts filling up on State Street
    November 21, 2010
  • Montecito cupcake shop to open in Santa Barbara
    November 8, 2010
  • Pacific Wealth Strategies moves to La Torre Building
    October 29, 2010
  • Hayes Commercial Group moving downtown
    October 25, 2010
  • Closed Deal: Plum Goods brings eco-friendly products to State Street downtown
    September 27, 2010
  • Christos Celmayster named to 40 Under 40 class for 2010
    September 23, 2010
  • Santa Barbara for-sale affordable housing project geared toward middle-income workers, local commuters
    September 21, 2010
  • Tracy Porter opens in La Arcada Mall
    September 15, 2010
  • Closed Deal: Tracy Porter to open retail store on State Street
    September 13, 2010
  • Online Education Firm Expands by 57,000 SF
    September 2, 2010
  • Closed Deal: lynda.com buys 6410 Cindy Lane
    August 31, 2010
  • New eatery shows reisilience of State Street business
    August 18, 2010
  • Closed Deal: 330 State Street leased for new restaurant
    August 17, 2010
  • US Bank Lease Prime Spot on State Street
    July 27, 2010
  • U.S. Bank to open State Street branch
    July 27, 2010
  • Closed Deal: US Bank Leases S.B. Location
    July 23, 2010
  • Hayes Commercial Brokers Year’s Largest Retail Lease
    July 23, 2010
  • US Bank Moving to Heart of Downtown Santa Barbara
    July 23, 2010
  • Closed Deal: Nasif Hicks Harris & Co. moves to the La Torre Building
    July 9, 2010
  • Closed Deal: 515 State Street Sold to Local Investor
    June 15, 2010
  • Closed Deal: Santa Barbara Business Center Fully Leased
    June 1, 2010
  • Closed Deal: Hayes Commercial completes largest lease of 2010
    May 24, 2010
March 7, 2023
Santa Barbara Talks: Francois DeJohn Says Remote Work Forcing Software Tech Companies to Sublease Space

Software technology companies on the South Coast are looking to sublease significant portions of the properties because of the rise in remote work that began even before the start of…

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March 1, 2023
SF Business Times: New CA Bill to Ease Office-to-Housing Conversions

Many California downtowns have yet to see empty office buildings converted into homes, at least at any large scale. Assemblymember Matt Haney has introduced a new proposal to change that….

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February 24, 2023
Noozhawk: Five Points Shopping Center Getting Mattress Firm Takeover

Mattress Firm is coming to the Five Points Shopping Center in Santa Barbara. The Houston-based company has leased the spaces formerly occupied by Saigon Restaurant and La Salsa, according to…

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January 6, 2023
PacBiz Times: Technology Forecast: Innovation will be the theme for 2023

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…

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January 1, 2023
2022 Q4 Report

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…

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October 1, 2022
2022 Q3 Report

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…

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September 20, 2022
WSJ: U.S. Return-to-Office Rates Hit Pandemic High as More Employers Get Tougher

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…

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September 3, 2022
PacBiz Times: As working from home becomes the new norm, big companies look to sublease surplus space

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…

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August 24, 2022
PacBiz Times: Procore to sublease blufftop building in Carpinteria

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…

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July 28, 2022
PacBiz Times: Yardi family buys landmark Santa Barbara Riviera property

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…

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July 27, 2022
Noozhawk: SB Council Votes to Hire $780,000 Consultant to Come Up with Plan for State Street

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…

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July 1, 2022
2022 Q2 Report

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…

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June 24, 2022
PacBiz Times: Raytheon’s hiring spree takes flight with 200 new Goleta jobs

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…

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May 29, 2022
Noozhawk: Santa Barbara Council Discusses Commercial Vacancy Tax

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…

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May 24, 2022
AppFolio office building in Goleta sold for $13.9 million

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…

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April 15, 2022
PacBiz Times: Region’s unemployment rates hit new post-pandemic lows

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…

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April 1, 2022
2022 Q1 Report

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.

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March 28, 2022
PacBiz Times: New arrival on Santa Barbara tech scene starts biz-tech group

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…

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March 26, 2022
PacBiz Times: Goleta industrial park sells in one of area’s biggest recent deals

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…

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38 W Victoira St - Public Market
March 24, 2022
The Santa Barbara Public Market evolves under new ownership as Shalhoob’s opens for business

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…

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March 21, 2022
194,625 SF industrial/R&D campus in Goleta purchased by Majestic Asset Management

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.

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March 8, 2022
Noozhawk: Longboards, Harbor Restaurants in Santa Barbara Have New Owners

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.

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February 23, 2022
Coast Village Association Moves Forward with CBID Plans

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…

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February 13, 2022
PacBiz Times: Lower State Street becoming a billionaire’s row for hotel owners

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…

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February 12, 2022
PacBiz Times: Banks closed thousands of branches in 2021 and tri-county banks were no exception

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…

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February 11, 2022
Independent: Santa Barbara’s Commercial Real Estate Is Red Hot

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…

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January 14, 2022
2021 Q4 Commercial Sales Update

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…

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January 11, 2022
2021 Q4 Office Leasing Update

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…

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January 9, 2022
2021 Q4 Retail Leasing Update

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…

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January 7, 2022
Independent: Santa Barbara Public Market Sold to Local Buyers for over $10 Million

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…

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January 7, 2022
2021 Q4 Industrial Leasing Update

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…

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January 6, 2022
PacBiz Times: Santa Barbara Public Market sold to local buyer

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…

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January 1, 2022
2021 Q4 Report

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.

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October 6, 2021
Foodbank of Santa Barbara County buys 77,900 SF warehouse/office property in Goleta

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…

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October 1, 2021
2021 Q3 Report

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.

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August 27, 2021
The Santa Barbara Update

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

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August 6, 2021
PacBiz Times: Nordstrom building conversion could lead to glut of Santa Barbara office space

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,…

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July 15, 2021
2021 Q2 Commercial Sales Update

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…

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July 12, 2021
2021 Q2 Office Leasing Update

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…

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July 9, 2021
2021 Q2 Retail Leasing Update

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…

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July 6, 2021
2021 Q2 Industrial Leasing Update

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…

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July 1, 2021
2021 Q2 Report

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.

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June 24, 2021
The Post-Pandemic State of Santa Barbara Office Space

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…

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May 6, 2021
Historic Lobero office building in Santa Barbara sold to local investor

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…

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May 5, 2021
66,384 SF office/R&D campus in Goleta purchased by Majestic Asset Management

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…

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April 1, 2021
2021 Q1 Report

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.

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March 16, 2021
Former Macy’s Building Being Converted to Offices in Downtown Santa Barbara

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…

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March 15, 2021
132,500 SF former Macy’s building at Paseo Nuevo in Santa Barbara being reinvented as office space

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…

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March 4, 2021
Noozhawk: SB Council Allows Coast Village Assoc. Assessment District to Move Forward

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…

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February 19, 2021
Commercial market summary by Francois DeJohn (video)

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

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January 15, 2021
2020 Commercial Real Estate Sales: in like a lamb, out like a lion

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…

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January 15, 2021
SoCal-based venture acquires Goleta tech campus for $61 million

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…

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January 1, 2021
2020 Q4 Report

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.

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Office workers in masks
December 31, 2020
PacBiz Times: Real estate experts forecast a 2021 comeback in some sectors, but not all

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…

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December 17, 2020
Majestic Asset Management expands Cremona Drive campus in Goleta with $13M acquisition

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…

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October 13, 2020
News-Press: Majestic Asset Management purchases building

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…

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October 1, 2020
2020 Q3 Report

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.

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August 31, 2020
UCSB Economic Forecast Project Webinar: COVID-19 and Commercial Real Estate

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…

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July 1, 2020
2020 Q2 Report

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.

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June 15, 2020
Goleta industrial building sold by Majestic Asset Management

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…

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May 15, 2020
2020 Q2 Mid-quarter Update

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.

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April 1, 2020
2020 Q1 Report

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.

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February 13, 2020
KEYT: Leasing improves in downtown Santa Barbara after slump

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…

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February 4, 2020
Costar: Amazon Merges Two Real Estate Trends By Putting Offices in Former Saks Store

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…

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January 31, 2020
News-Press: Goleta campus purchased for $35.7M

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…

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January 29, 2020
Montana Avenue Capital Partners purchases AppFolio campus in Goleta

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,…

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January 16, 2020
2019 Q4 Industrial Leasing: Goleta is very active while Santa Barbara and Carp are stifled by low vacancy

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…

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January 14, 2020
2019 Q4 Retail Leasing: Easing vacancy on State Street amid robust leasing in Santa Barbara

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…

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January 11, 2020
2019 Q4 Office Leasing: Goleta is (still) on a roll

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…

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January 10, 2020
2019 Q4 Commercial Real Estate Sales: Record volume tops $500 million

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….

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January 10, 2020
Noozhawk: Goleta Office Space Transaction

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…

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January 2, 2020
Majestic Asset Management acquires two office/R&D buildings in Goleta

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…

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January 1, 2020
2019 Q4 Report

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.

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October 22, 2019
PacBiz Times: South Coast hotels find luxury niche

[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…

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October 16, 2019
2019 Q3 Office Leasing: Goleta’s office market maintains momentum

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…

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October 15, 2019
2019 Q3 Commercial Sales: Record volume of office sales

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…

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October 1, 2019
2019 Q3 Report

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.

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September 3, 2019
SB Housing Authority purchases 1.34-acre property near upper State Street

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…

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August 29, 2019
Montecito’s Old Firehouse building sold

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…

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August 21, 2019
Local investor acquires 106,000 SF office/R&D building in Goleta

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…

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August 9, 2019
Independent: Is Santa Barbara’s State Street Finally Turning the Corner?

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…

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July 25, 2019
Independent: Report Describes Santa Barbara as Unfriendly to Business, Suffocated by Red Tape

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,”…

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July 1, 2019
2019 Q2 Report

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.

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April 23, 2019
Noozhawk: Downtown Santa Barbara Emerges as Hub for Technology Companies

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…

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April 23, 2019
Tech in Downtown Santa Barbara: A Hayes Commercial Special Report

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…

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April 22, 2019
Tech company Honey Science moves and expands in downtown Santa Barbara

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,…

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April 1, 2019
2019 Q1 Report

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.

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March 1, 2019
GlobeSt.com: Tech Industry Revitalizes Downtown Santa Barbara

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…

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February 22, 2019
Noozhawk: CenCal Health Acquires Building

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…

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February 22, 2019
Noozhawk: Invoca Leases State Street Offices

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…

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February 21, 2019
Pacific Coast Business Times: Invoca moves down the street into Sonos’ digs

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…

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February 20, 2019
Tech companies are on the move in downtown Santa Barbara as Invoca and Well Health Inc expand

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…

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February 19, 2019
CenCal Health purchases 60,225 SF building in Santa Barbara, leases 22,392 SF in Goleta

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…

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February 14, 2019
Northrop Grumman’s 83,479 SF facility in Goleta sold to local investor

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)…

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January 11, 2019
Rob Adams joins Hayes Commercial Group

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…

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January 1, 2019
2018 Q4 Report

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.

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December 21, 2018
Pacific Coast Business Times: RAF Pacifica to add space to Cabrillo Business Park

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…

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December 18, 2018
Noozhawk: RAF Pacifica Buys 11 Acres in Cabrillo Business Park from Sares-Regis Group

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…

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December 17, 2018
RAF Pacifica purchases 11 acres in Cabrillo Business Park from Sares-Regis

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…

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November 5, 2018
Mixed-use Santa Barbara waterfront property sold to local investor

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…

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October 1, 2018
2018 Q3 Report

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.

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August 13, 2018
Noozhawk: As State Street stumbles, Santa Barbara’s ‘Lagoon District’ soars

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,…

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August 8, 2018
Noozhawk: Report shows Camino Real Marketplace solidifying status as Goleta’s shopping hub

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…

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July 1, 2018
2018 Q2 Report

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.

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April 1, 2018
2018 Q1 Report

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.

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February 21, 2018
CRE Outlook for 2018 – Liam Murphy

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…

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January 1, 2018
2017 Q4 Report

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.

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October 27, 2017
Fresh look and new tenants unveiled at Coast Village Plaza ribbon cutting

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,…

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October 5, 2017
Renaud’s and Empty Bowl are both coming to Coast Village Plaza

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…

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October 4, 2017
Downtown “flagship” Starbucks building sold to local investor

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…

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October 1, 2017
2017 Q3 Report

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.

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September 8, 2017
Standing Tall: Liam Murphy is now a partner with Hayes Commercial Group

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…

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August 29, 2017
TrackR is growing and going (back) to Goleta

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…

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July 1, 2017
2017 Q2 Report

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.

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May 22, 2017
Hayes Commercial brokers sale of Allergan building in Goleta

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,…

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April 20, 2017
Strong Commercial Real Estate Sales Continue Into 2017

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…

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April 14, 2017
Juicy addition to Coast Village Plaza

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…

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April 14, 2017
Santa Barbara Faces Revenue Drop

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…

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April 10, 2017
Remodeled Coast Village Plaza welcomes Juice Ranch to tenant mix

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…

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April 7, 2017
Carpinteria Building Sold

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…

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April 1, 2017
2017 Q1 Report

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.

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March 23, 2017
Middle Four Floors of Granada Tower Sold to Local Investor

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,…

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March 22, 2017
Santa Barbara’s iconic Granada Tower purchased by local investor

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…

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January 1, 2017
2016 Q4 Report

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.

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December 8, 2016
Bluewater Grill to Sail into Iconic Lighthouse Building on Santa Barbara’s Waterfront

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….

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December 2, 2016
Bluewater Grill Coming to Santa Barbara

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…

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November 20, 2016
Montecito Inn Reaches Deal to Bring Los Angeles-Based Scratch|Bar & Kitchen to Hotel

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…

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October 1, 2016
2016 Q3 Report

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.

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September 13, 2016
Renovations underway at Montecito’s Coast Village Plaza

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…

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September 8, 2016
Procore expands HQ campus on Carpinteria bluffs

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…

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July 29, 2016
Hayes Commercial brokers assume new roles on board of CALM

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…

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July 15, 2016
2016 Q2 Report

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.

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June 16, 2016
Cafe del Sol building purchased by Magic Castle founder

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…

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April 1, 2016
2016 Q1 Report

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

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March 18, 2016
Restaurant/bar space at Montecito Inn available for lease

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…

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January 20, 2016
The Mill is fully leased with artisanal tenants

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…

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January 14, 2016
Make Myself at Home: Iconic Granada Tower

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…

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January 11, 2016
Part of Santa Barbara’s Granada Tower Goes Up For Sale

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…

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January 5, 2016
Q4 leases fill CKE campus in Carpinteria

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…

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January 4, 2016
Paseo Nuevo Space leased to San Francisco retailer

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…

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January 1, 2016
2015 Q4 Report

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

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December 17, 2015
Former Natural Café property sold to owner-user

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…

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December 1, 2015
Five Office tenants fill remodeled 801 Garden St

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…

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December 1, 2015
New Downtown Santa Barbara Live/Work Space Is 4 Stories of Whimsy and Creativity

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…

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November 23, 2015
Amazon Store Opens in Isla Vista offering same-day pickup

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…

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October 28, 2015
The Mill

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…

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October 1, 2015
2015 Q3 Report

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

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September 21, 2015
Standout: Murphy joins CALM board

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…

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August 17, 2015
Tony’s Restaurant in Carpinteria Sold

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…

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July 23, 2015
For Release Iconic Linden Ave restaurant building sold, now for lease

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…

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June 23, 2015
LA investor makes record purchase in Carpinteria

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…

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June 19, 2015
Gandolfo’s New York Deli to open on State Street in Santa Barbara

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…

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June 12, 2015
Local companies relocating to bigger spaces in Goleta

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…

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June 4, 2015
Arts & Letters Café building in Santa Barbara sold after 20 years

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…

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June 3, 2015
Seek Thermal, Inc moves, expands in Goleta

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…

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May 29, 2015
Third Window Brewing taking shape at new SB development

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…

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May 29, 2015
Welcome to “The Mill”

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…

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May 5, 2015
Buying Your Building

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…

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April 17, 2015
Beach town in spotlight

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…

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March 24, 2015
Christos Celmayster and Kristopher Roth are now partners with Hayes Commercial Group

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…

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January 2, 2015
High bar set for 2015 in tri-county CRE markets

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…

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December 19, 2014
Downtown Carpinteria property sold to local investors

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…

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December 15, 2014
Goleta industrial building sold to local investors

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…

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December 4, 2014
Arts & Letters Café building for sale

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…

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October 30, 2014
Montecito’s Coast Village Plaza sold

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…

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October 30, 2014
Montecito property sells for $13M

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…

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September 19, 2014
Google to open facility in Goleta

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…

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September 8, 2014
Landmark Summerland building

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…

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August 28, 2014
HG Data signs up for space in Funk Zone

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….

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August 11, 2014
Developer buys 80-acre site in Orcutt

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…

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July 7, 2014
Peritus Asset Management takes 4th floor of the Granada Tower

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…

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July 7, 2014
Granada Tower fully leased after Peritus deal

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…

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June 25, 2014
Mobile Home Parks: a hidden gem for redevelopers

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,…

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June 14, 2014
Investor buys former Raytheon office building

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…

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June 12, 2014
Landmark “Raytheon” building sold in off-market transaction

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…

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May 22, 2014
Samy’s Camera moves to State Street

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…

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May 21, 2014
Samy’s Camera relocates to State Street location

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…

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May 19, 2014
Samy’s Camera focuses In on Downtown State Street space

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…

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May 13, 2014
Trophy Goleta office building sold to local investor

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…

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January 23, 2014
2013 Year-End Santa Barbara Retail Perspective

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…

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January 14, 2014
Hayes Commericial Group completes largest commercial sale of 2013

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….

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January 8, 2014
State Street retail transaction sets high mark for 2013

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…

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January 3, 2014
Sonos snags 100K square feet in Santa Barbara’s downtown

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…

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December 16, 2013
Sanford opens tasting room in downtown Santa Barbara

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…

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December 12, 2013
PathPoint to move programs to downtown Santa Barbara

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,…

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September 30, 2013
Kristopher Roth picked for 40 under 40

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,…

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August 3, 2013
Indoor trampoline park will open in Turnpike Shopping Center

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…

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July 30, 2013
Trampolines Unimted to open flagship “Jump Club” and HQ in Santa Barbara

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…

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July 27, 2013
High-end retailing is coming back

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…

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July 26, 2013
Midyear update from Hayes Commercial

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…

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July 15, 2013
Midyear Retail Outlook

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…

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June 25, 2013
Liam Murphy named Katherine Harvey Fellow

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,…

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June 19, 2013
Griplock Systems finds new headquarters in Carpinteria

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…

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May 22, 2013
Optimism reigns at ICSC’s RECon in Las Vegas

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…

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April 29, 2013
Hertz to open new location to serve Santa Barbara

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…

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April 5, 2013
Workzones opens downtown

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…

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March 27, 2013
Santa Barbara welcomes new office concept with “Workzones”

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,…

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March 27, 2013
Lobero Theatre board welcomes Steve Hayes

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…

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March 18, 2013
Local investor buys “Venoco Building” on Carpinteria bluffs

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…

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March 18, 2013
Real estate investor buys $16.5M Venoco HQ in Carpinteria

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….

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March 4, 2013
Rincon Technology buys Santa Barbara building

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…

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February 27, 2013
Paul Dargan gives his namesake pub a permanent home

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…

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January 31, 2013
Yoga studio opening on the Mesa

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…

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January 28, 2013
Award winning chef brings a slice of Naples to State Street

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…

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January 25, 2013
South Coast Update

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…

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December 19, 2012
Bank of Manhattan expands to downtown Santa Barbara

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,…

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December 13, 2012
Santa Barbara residents sell eclectic products at Super Chic

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…

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December 13, 2012
New interior decor store brings in unique offerings

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…

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December 7, 2012
Steve Hayes celebrates 30 years of CRE dealmaking

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…

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December 4, 2012
Paul Bradford joins Hayes Commercial Group

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…

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December 2, 2012
HCG Year- End Review

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…

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November 15, 2012
Commercial real estate market posts mixed third quarter

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…

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October 8, 2012
State Street retail building purchased by local business

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…

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September 17, 2012
32-Unit Mesa apartment property sold

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…

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July 13, 2012
State Street shopping scene heats up with boom in leases

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…

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July 6, 2012
City putting parking lot up for auction

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….

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July 5, 2012
City of Santa Barbara to auction land on Milpas Street

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…

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May 22, 2012
Hayes Commercial brokers report from ICSC’s RECon in Las Vegas

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…

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May 22, 2012
Owner of midnight eatery Blue Owl opening new daytime deli

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…

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May 21, 2012
The Blue Owl opens daytime eatery in downtown Santa Barbara

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…

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May 15, 2012
Bed supplier comes to rest on Chapala

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…

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May 14, 2012
Ergomotion pens year’s largest lease in Santa Barbara

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…

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May 14, 2012
No time to rest for adjustable-bed supplier Ergomotion

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….

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April 6, 2012
The Loop in I.V. closes in on final retailer, tenants for summer debut

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…

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April 6, 2012
Scottsdale jeweler to open store on State Street

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….

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April 5, 2012
Jewelry by Gauthier to bring unique creations to Santa Barbara

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…

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April 4, 2012
Student housing/retail project nearing completion in Isla Vista

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…

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April 2, 2012
Green mixed-use project at UCSB nears completion

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…

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March 27, 2012
Milpas businesses hoping new Fresh & Easy Market will be boon for neighborhood

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…

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March 19, 2012
Small(er) Markets, Big Opportunities

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…

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March 11, 2012
SBA loan program boosts businesses by building an ownership stake

Evolutions Medical Spa’s lease at 1309 State St. expires next week. The Santa Barbara business entertained renewing the lease or moving but didn’t think about purchasing a building, co-owner Brian…

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March 9, 2012
Real estate magazine recognizes Hayes Commercial Group

Real Estate Forum magazine recognized Hayes Commercial Group as one of Southern California’s top brokerage houses in its December 2011 issue. Hayes Commercial earned a spot as the only Santa…

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March 1, 2012
MultiProbe buys 18,673 sf prperty in Santa Barbara

MultiProbe has purchased the buildings that house its headquarters at 819 Reddick St and 425 N. Milpas St in Santa Barbara. The company had been leasing the buildings and made…

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March 1, 2012
MultiProbe purchases local headquarters

Multiprobe previously leased 819 Reddick St and 425 N. Milpas St. An unknown seller listed the buildings in an office/industrial sale for $3,950,000. Using the Small Business Administration (SBA) financing,…

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February 22, 2012
Hayes Commercial earns spot on the list of top brokerages

Hayes Commercial Group has been named one of Southern California’s top brokerage houses by Real Estate Forum magazine. Hayes Commercial was one of 15 honorees and the only Santa Barbara-based…

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February 10, 2012
Resizing or Right-Sizing?

Corporations around the globe have been holding on to office space in anticipation of a market rebound, but that’s about to change. “A growing number of corporate property owners say…

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January 6, 2012
2012 Forecast

Office leasing was a bright spot in South Santa Barbara County in 2011, the brokers at Hayes Commercial Group note, and office vacancy remains tight in the downtown business corridor….

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December 12, 2011
Twenty Four 7 Moving Specialists leases warehouse space on Castilian Drive in Goleta

The Santa Barbara-based business specializes in moving and storing valuable furniture, art, antiques and classic automobiles. Owner Brett Menth said he needed additional storage space to accommodate requests for classic…

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December 12, 2011
Twenty four 7 moving leases 20,400 sf in Goleta

Specializing in moving and storing valuable furniture, art, antiques and classic automobiles, Twenty Four 7 Moving Specialists Inc. has grown into a thriving business purely on word of mouth. The…

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November 10, 2011
REI opens new Santa Barbara store

The 24,500-square-foot store at 321 Anacapa St. has filled all of its 62 positions but is still accepting applications, according to REI spokeswoman Beth Hawley. “I look at what this…

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October 25, 2011
Nova Sensors leases 12,719 sf building in Buellton

Solvang-based camera electronics company, Nova Sensors, is relocating its headquarters to 760 McMurray Rd in Buellton, California.  The company leased a 12,719 sf building, which offers a mixture of professional…

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September 28, 2011
Economist speaking at Montecito Bank & Trust’s B2B Event warns of slow growth ahead

Watkins shared his insights on the local and national economies with about 300 people who attended Montecito Bank &Trust’s first Business-to-Business (B2B) event Tuesday night at Fess Parker’s DoubleTree Resort….

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August 22, 2011
Price, Postel & Parma renews lesase downtown

Venerable Santa Barbara law firm will remain in Freitas Building California’s oldest law firm, Price, Postel & Parma LLP, just renewed its lease for 15 years in the four-story Freitas…

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July 14, 2011
Santa Barbara accounting firm makes a move downtown

As one of the oldest full-service public accounting firms on California’s Central Coast, McGowan Guntermann has witnessed the transformation of downtown Santa Barbara over the decades. Later this summer, the…

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July 7, 2011
For Techtonic Games of Santa Barbara, video game development Is serious fun

“It’s pretty amazing,” said Dahl, producer and art director for Techtonic Games. “I always wanted to be in this exact position I’m in now.” Techtonic Games is a new video…

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June 24, 2011
70,000-SF Building Sale Ranks Top in Market

An East Coast-based investment group acquired the building, which is at 301 Mentor Dr. and is a two-story structure that is fully leased by Mentor Worldwide and Tetra Tech. In…

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June 23, 2011
Investors buy 70,000 sf office building in Goleta

In the South Coast’s largest commercial sale of 2011, an investment group has acquired 301 Mentor Drive, a 70,282 sf office building in Goleta. The two-story building, which was listed…

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June 23, 2011
East Coast Investors buy $20M property in Goleta

The two-story property at 301 Mentor Drive, near Goleta Valley Cottage Hospital, is fully leased by Mentor Worldwide and Tetra Tech. “It’s not often that a fully leased investment property…

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June 16, 2011
AppFolio, Control Point Make the Move to Castilian Tech Center in Goleta

Goleta startup AppFolio creates easy-to-use software for the property management industry. To make room for its growth, it nearly doubled its 8,000-square-foot home at 55 Castilian Drive — across the…

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June 11, 2011
Retail Revival?

The store will occupy the 15,262-square foot space at 833 State St. the site of the bookstore chain, until it closed late last year. “We think it’s going to be…

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June 9, 2011
29,000 sf leased at Castilian Tech Center

Two South Coast companies have leased a significant portion of the available space at the Castilian Tech Center, an office and research park near the intersection of Hollister Avenue and…

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June 8, 2011
Clothing retailer plans State Street store

Savvy on State is the name of the newest retailer that plans to open its doors in one of Santa Barbara’s premier shopping corridors, joining marquee brands like Marshalls and…

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June 7, 2011
Boulder entrepreneur gives State Street some fasion “Savvy”

Savvy on State is the newest fashion retailer to enter the State Street scene in Santa Barbara. Owner Erica Dahl brings this fresh and exciting concept from Boulder, Colorado where…

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May 27, 2011
Hayes Report: ICSC’s RECon 2011

This week the International Council of Shopping Centers (ICSC) hosted the world’s largest real estate trade show in Las Vegas, and according to Hayes Commercial Group both the activity and…

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May 13, 2011
NHR leases 98,000 sf in Goleta

Mike Sheldon, CEO of Network Hardware, told me his firm has hired 20 or 30 people so far this year, and plans to hire that many more before the end…

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May 11, 2011
RightScale stays downtown with biggest lease in years

The four-year-old cloud computing company’s CEO said Tuesday that the staff has cause to be upbeat, thanks to his inking the largest new lease of office space in the downtown…

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May 10, 2011
RightScale doubles size of headquarters in Santa Barbara

Santa Barbara-based cloud computing company RightScale has just leased new corporate headquarters at 402 E. Gutierrez St., a 26,336 sf space that is nearly twice the size of the company’s…

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May 5, 2011
Sorkin: Financial Collapse could happen again

That was the view from Andrew Ross Sorkin, top mergers and acquisitions reporter at the New York Times, when he spoke in Santa Barbara on May 5. Sorkin’s talk, titled…

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May 5, 2011
Forecasters see slow recovery, shift in jobs

Region-wide unemployment is expected to fall to about 7 percent over the next two to three years, the group said in its annual forecast, delivered May 5 in Santa Barbara….

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May 5, 2011
RightScale to take over Santa Barbara tech incubator

RightScale makes software that lets companies use remote servers for big computing tasks. It has raised $47.2 million in venture capital since it was incorporated in 2007. CEO Michael Crandell…

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May 2, 2011
Local Entrepreneurs bring “Legacy” to Montecito

Entrepreneurs Nancy and William Kimsey have opened a new shop at 1137 Coast Village Road, next to Lilly and Peregrine Gallery. Previously, the 845 square foot space was home to…

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April 6, 2011
Yardi Systems continues expansion in Goleta

One of the South Coast’s most successful companies, Yardi Systems, continues to grow into the buildings surrounding its headquarters in Goleta. The software company just completed a lease for 15,563…

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March 29, 2011
Liam Murphy joins Hayes Commercial Group

Commercial broker Liam Murphy is now the newest associate with Hayes Commercial Group. Liam has held his real estate license since 2004 and has focused on real estate full-time since…

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March 4, 2011
Local economy on the upswing, forecaster says

More improvement is seen in 2012 and 2013, shaping up as a lot more vibrant, said Mr. Schniepp on Thursday, detailing his analysis of the local economy in the year…

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February 28, 2011
Sweetening Santa Barbara

Jean-Michel and Jill-Marie Carrè have leased an 830-square-foot storefront in the La Arcada Courtyard at 1114 State St. “We hope to be open by Easter,” said Mrs. Carrè who added…

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February 24, 2011
Carpinteria chocolate shop expanding to Santa Barbara

Santa Barbara chocolate lovers will soon have a new place to get their fix as the proprietors of Chocolats du Calibressan have leased an 830 sf storefront downtown. The space,…

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February 23, 2011
AutoZone buys empty building

The building was previously occupied by Hollywood Video, Quizno’s and Morningstar cafe. Michael Martz and Pamela Scott of Hayes Commercial Group represented the seller in the transaction, and Trampis Chandler…

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February 8, 2011
Allied Waste expands headquarters in Santa Barbara

Allied Waste Services, a solid waste and recycling company, has leased 14,140 sf of industrial space at 734 & 740 Cacique Street in Santa Barbara. The space is adjacent to…

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January 19, 2011
Santa Barbara investment firm moving offices

Santa Barbara Asset Management’s headquarters will be moving from 200 E. Carrillo Street to the fifth floor of the El Paseo building, according to a joint press release by Hayes…

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January 18, 2011
Santa Barbara Asset Management moves to State Street

Santa Barbara Asset Management is moving its headquarters from 200 E. Carrillo Street to a more central location at 820 State Street, on the fifth floor of the historic El…

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January 10, 2011
Commerical Real Estate Round Up

Santa Barbara firms Radius Commercial Real Estate, Pacifica Commercial Realty, Hayes Commercial Group and Lee & Associates Central Coast have offered their insights into how commercial real estate vacancy rates…

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January 7, 2011
Commercial real estate forecast for 2011

That’s the consensus from the commercial real estate insiders I asked to gaze into the crystal ball for our annual forecast issue. Here are some thoughts from brokers throughout the…

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December 14, 2010
Local non-profit buys historic Victorian

A Santa Barbara Victorian building that was repurposed for offices in the 1980s has been purchased by an undisclosed non-profit organization. The 2,419 SF building on a 7,000 SF lot…

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December 6, 2010
TMC Communications moving to Goleta

Two relocations, one from Santa Barbara to Goleta and the other within the same building, have led to subleases recently signed at 5383 Hollister Avenue in Goleta. TMC Communications subleased…

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November 29, 2010
Maps.com picks University Business Center

Online map retailer Maps.com has elected to remain in its Goleta headquarters, a 10,225 sf space at 120 Cremona Drive in University Business Center. The company renewed its lease there…

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November 26, 2010
State Street goes from books to bargains in a flurry of deals

The city is losing both its Borders and Barnes & Noble bookstores, and it looks like discount clothing stores Marshalls and H&M are moving in. Santa Barbara has seen a…

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November 21, 2010
Empty storefronts filling up on State Street

However, take that same electric shuttle ride today from Sola Street to Gutierrez Street and scores of new business names can be seen in the windows of the shops that…

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November 8, 2010
Montecito cupcake shop to open in Santa Barbara

Building on the success of the Whodidily Cupcake shop at 1150 Coast Village Road, owners Wendy and Dave Jones will soon bring their fantastic array of cupcakes to the heart…

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October 29, 2010
Pacific Wealth Strategies moves to La Torre Building

Santa Barbara-based wealth management firm Pacific Wealth Strategies Group has moved its offices from 3 W. Carrillo Street to the La Torre Building located at 104 W. Anapamu Street in…

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October 25, 2010
Hayes Commercial Group moving downtown

After seven years on upper State Street, Hayes Commercial Group has outgrown its current space and is moving to larger offices downtown. The new location is 222 E. Carrillo Street…

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September 27, 2010
Closed Deal: Plum Goods brings eco-friendly products to State Street downtown

Plum Goods, a Santa Barbara based store for eco-friendly products and gifts, has just leased a storefront on the coveted 900 block of State Street. Proprietor Amy Cooper will open…

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September 23, 2010
Christos Celmayster named to 40 Under 40 class for 2010

Each year the Pacific Coast Business Times selects forty outstanding professionals from Santa Barbara, San Luis Obispo and Ventura Counties and honors them with the 40 Under 40 award. Cited…

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September 21, 2010
Santa Barbara for-sale affordable housing project geared toward middle-income workers, local commuters

Hayes Commercial Group represented all parties in the deal. The project, 535 E. Montecito Street, will consist of 40 two-and three-bedroom condos that would be sold at below-market rates, and…

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September 15, 2010
Tracy Porter opens in La Arcada Mall

Tracy Porter, a business that’s described as a lifestyle brand by its eponymous founder, has inked a five-year contract to open a new retail store at 1100 State St. The…

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September 13, 2010
Closed Deal: Tracy Porter to open retail store on State Street

A nationally renowned designer will soon be opening a new retail store in downtown Santa Barbara. Tracy Porter designs and sells women’s clothing, home décor, furnishings and jewelry. The 2,047…

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September 2, 2010
Online Education Firm Expands by 57,000 SF

The deal represents one of the top 10 commercial property sales of 2010 on the South Coast and is the largest commercial sale of the year in Carpinteria, Celmayster notes….

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August 31, 2010
Closed Deal: lynda.com buys 6410 Cindy Lane

AUGUST 31, 2010 – CARPINTERIA, CA. When online software training company lynda.com began moving its headquarters from Ventura to Carpinteria last year, few would have predicted the positive impact the…

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August 18, 2010
New eatery shows reisilience of State Street business

After starting three restaurants — Santa Barbara Shellfish Co., The Santa Barbara FisHouse and the Boat House at Hendry’s Beach — co-owners Tom and Adam White will launch a fourth…

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