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Noozhawk: UCSB Purchases Vacant Lot From Friendship Manor to Build Housing
April 22, 2025 -
Noozhawk: Sephora Moving to New Space with State Street Storefront
February 21, 2025 -
PacBiz Times: Google’s breaththrough “Willow” quantum chip developed in Goleta
December 16, 2024 -
Noozhawk: TechTopia Shows Off Innovation and Research of Industry, UCSB Labs
September 5, 2024 -
The Current: UCSB to lead $22M NSF-funded “BioFoundry” on exceptional microbes
August 29, 2024 -
PacBiz Times: Commercial real estate legend Steve Hayes retires
June 24, 2024 -
Santa Barbara Talks: Business Leaders Say Downtown Assessment District Could Fix ‘Broken’ State Street
February 13, 2024 -
Noozhawk: Validation Ale to expand
September 8, 2023 -
Noozhawk: New Tenant Replaces Zoom in downtown Santa Barbara
September 8, 2023 -
Noozhawk: Inogen, Umbra Space On the Move in Commercial Real Estate Shakeup
September 1, 2023 -
Noozhawk: Santa Barbara Public Market Booming with New Restaurants, Art Exhibits
July 28, 2023 -
Independent: UC Santa Barbara’s Materials Research Laboratory Awarded $18 Million over Six Years
July 14, 2023 -
NoozHawk: Sonoma Fit to Move In; Vacant Storefronts Still Plague Santa Barbara’s State Street
June 9, 2023 -
Costar: Curvature Deal Named Lease of the Year for Santa Barbara
March 31, 2023 -
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 -
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 -
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 -
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 -
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 -
Independent: Santa Barbara Public Market Sold to Local Buyers for over $10 Million
January 7, 2022 -
PacBiz Times: Santa Barbara Public Market sold to local buyer
January 6, 2022 -
The Santa Barbara Update
August 27, 2021 -
PacBiz Times: Nordstrom building conversion could lead to glut of Santa Barbara office space
August 6, 2021 -
The Post-Pandemic State of Santa Barbara Office Space
June 24, 2021 -
Former Macy’s Building Being Converted to Offices in Downtown Santa Barbara
March 16, 2021 -
Noozhawk: SB Council Allows Coast Village Assoc. Assessment District to Move Forward
March 4, 2021 -
PacBiz Times: Real estate experts forecast a 2021 comeback in some sectors, but not all
December 31, 2020 -
News-Press: Majestic Asset Management purchases building
October 13, 2020 -
UCSB Economic Forecast Project Webinar: COVID-19 and Commercial Real Estate
August 31, 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 -
Noozhawk: Goleta Office Space Transaction
January 10, 2020 -
PacBiz Times: South Coast hotels find luxury niche
October 22, 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 -
Noozhawk: Downtown Santa Barbara Emerges as Hub for Technology Companies
April 23, 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 -
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 -
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 -
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 -
Middle Four Floors of Granada Tower Sold to Local Investor
March 23, 2017 -
Bluewater Grill to Sail into Iconic Lighthouse Building on Santa Barbara’s Waterfront
December 8, 2016 -
Montecito Inn Reaches Deal to Bring Los Angeles-Based Scratch|Bar & Kitchen to Hotel
November 20, 2016 -
Part of Santa Barbara’s Granada Tower Goes Up For Sale
January 11, 2016 -
New Downtown Santa Barbara Live/Work Space Is 4 Stories of Whimsy and Creativity
December 1, 2015 -
The Mill
October 28, 2015 -
Standout: Murphy joins CALM board
September 21, 2015 -
Tony’s Restaurant in Carpinteria Sold
August 17, 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 -
Welcome to “The Mill”
May 29, 2015 -
Third Window Brewing taking shape at new SB development
May 29, 2015 -
Buying Your Building
May 5, 2015 -
Beach town in spotlight
April 17, 2015 -
High bar set for 2015 in tri-county CRE markets
January 2, 2015 -
Arts & Letters Café building for sale
December 4, 2014 -
Montecito property sells for $13M
October 30, 2014 -
Google to open facility in Goleta
September 19, 2014 -
HG Data signs up for space in Funk Zone
August 28, 2014 -
Mobile Home Parks: a hidden gem for redevelopers
June 25, 2014 -
Investor buys former Raytheon office building
June 14, 2014 -
Samy’s Camera moves to State Street
May 22, 2014 -
Samy’s Camera focuses In on Downtown State Street space
May 19, 2014 -
2013 Year-End Santa Barbara Retail Perspective
January 23, 2014 -
Sonos snags 100K square feet in Santa Barbara’s downtown
January 3, 2014 -
Indoor trampoline park will open in Turnpike Shopping Center
August 3, 2013 -
High-end retailing is coming back
July 27, 2013 -
Midyear update from Hayes Commercial
July 26, 2013 -
Workzones opens downtown
April 5, 2013 -
Lobero Theatre board welcomes Steve Hayes
March 27, 2013 -
Real estate investor buys $16.5M Venoco HQ in Carpinteria
March 18, 2013 -
South Coast Update
January 25, 2013 -
New interior decor store brings in unique offerings
December 13, 2012 -
Santa Barbara residents sell eclectic products at Super Chic
December 13, 2012 -
Steve Hayes celebrates 30 years of CRE dealmaking
December 7, 2012 -
Commercial real estate market posts mixed third quarter
November 15, 2012 -
State Street shopping scene heats up with boom in leases
July 13, 2012 -
City putting parking lot up for auction
July 6, 2012 -
Owner of midnight eatery Blue Owl opening new daytime deli
May 22, 2012 -
Bed supplier comes to rest on Chapala
May 15, 2012 -
No time to rest for adjustable-bed supplier Ergomotion
May 14, 2012 -
Ergomotion pens year’s largest lease in Santa Barbara
May 14, 2012 -
Scottsdale jeweler to open store on State Street
April 6, 2012 -
The Loop in I.V. closes in on final retailer, tenants for summer debut
April 6, 2012 -
Student housing/retail project nearing completion in Isla Vista
April 4, 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 purchases local headquarters
March 1, 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 -
REI opens new Santa Barbara store
November 10, 2011 -
Economist speaking at Montecito Bank & Trust’s B2B Event warns of slow growth ahead
September 28, 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 -
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 -
Clothing retailer plans State Street store
June 8, 2011 -
NHR leases 98,000 sf in Goleta
May 13, 2011 -
RightScale stays downtown with biggest lease in years
May 11, 2011 -
RightScale to take over Santa Barbara tech incubator
May 5, 2011 -
Forecasters see slow recovery, shift in jobs
May 5, 2011 -
Sorkin: Financial Collapse could happen again
May 5, 2011 -
Local economy on the upswing, forecaster says
March 4, 2011 -
Sweetening Santa Barbara
February 28, 2011 -
AutoZone buys empty building
February 23, 2011 -
Santa Barbara investment firm moving offices
January 19, 2011 -
Commerical Real Estate Round Up
January 10, 2011 -
Commercial real estate forecast for 2011
January 7, 2011 -
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 -
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 -
Online Education Firm Expands by 57,000 SF
September 2, 2010 -
New eatery shows reisilience of State Street business
August 18, 2010 -
U.S. Bank to open State Street branch
July 27, 2010 -
US Bank Lease Prime Spot on State Street
July 27, 2010 -
US Bank Moving to Heart of Downtown Santa Barbara
July 23, 2010 -
Hayes Commercial Brokers Year’s Largest Retail Lease
July 23, 2010
Noozhawk: UCSB Purchases Vacant Lot From Friendship Manor to Build Housing
The university’s Kavli Institute for Theoretical Physics will build housing for researchers and visiting graduate fellows [Note: Hayes Commercial Group represented both buyer and seller in the off-market transaction. Francois…
Noozhawk: Sephora Moving to New Space with State Street Storefront
Beauty store Sephora is bringing its popular, high-quality brand to a State Street storefront. The large, national retail store is moving soon from Santa Barbara’s Paseo Nuevo to 733 State…
PacBiz Times: Google’s breaththrough “Willow” quantum chip developed in Goleta
Quantum scientists at Google made quite a splash this week with reports that described how its new chip, Willow, made a breakthrough in problem-solving that sent parent Alphabet’s stock soaring….
Noozhawk: TechTopia Shows Off Innovation and Research of Industry, UCSB Labs
Walking through UC Santa Barbara’s campus, one wouldn’t realize that inside the very buildings they pass by, students and entrepreneurs are inside labs making diamonds and microchips and analyzing data…
The Current: UCSB to lead $22M NSF-funded “BioFoundry” on exceptional microbes
This week, the National Science Foundation announced the award of a six-year, $22M grant to UC Santa Barbara under its biofoundries program for the establishment of the BioFoundry for Extreme…
PacBiz Times: Commercial real estate legend Steve Hayes retires
After graduating from the University of Southern California, Steve Hayes knew he wanted to be in some form of sales work. After all, it was something he had been doing…
Santa Barbara Talks: Business Leaders Say Downtown Assessment District Could Fix ‘Broken’ State Street
Three downtown business leaders talked about the benefits of the proposed Community Benefit Assessment District for State Street in the latest episode of Santa Barbara Talks with Josh Molina. Francois…
Noozhawk: Validation Ale to expand
Funk Zone business Validation Ale has signed a lease for a second location at 2840 De la Vina St. in Santa Barbara. Validation Annex will move into a building that…
Noozhawk: New Tenant Replaces Zoom in downtown Santa Barbara
Caitlin Hensel has been busy sealing deals. In addition to the Validation Ale lease, Hensel represented the incoming tenant to 420 E. Carrillo St. The building was previously occupied by…
Noozhawk: Inogen, Umbra Space On the Move in Commercial Real Estate Shakeup
A commercial real estate shakeup is underway. Goleta-based Inogen, which makes oxygen therapy products, has leased 17,900 square feet at 859 Ward Drive, near Highway 217. Inogen is right-sizing its…
Noozhawk: Santa Barbara Public Market Booming with New Restaurants, Art Exhibits
It’s Wednesday night at the Santa Barbara Public Market, and there’s not a seat easily to be found. About 100 people are packed into the common dining area toward the…
Independent: UC Santa Barbara’s Materials Research Laboratory Awarded $18 Million over Six Years
UC Santa Barbara’s Material Research Laboratory has been chosen as one of the nine universities awarded an $18 million grant from the National Science Institute, to be distributed over a…
NoozHawk: Sonoma Fit to Move In; Vacant Storefronts Still Plague Santa Barbara’s State Street
Santa Barbara’s State Street continues its struggles. Between the 400 and 1300 blocks, the rate of vacant storefronts inched up to 14.1% from the prior year, according to Hayes Commercial…
Costar: Curvature Deal Named Lease of the Year for Santa Barbara
Tech Firm Plugging Into Building Marks Positive Sign for This Southern California Market One of the largest leases signed in California’s coastal Santa Barbara County was a nod to the…
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…
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….
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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.
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…
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…
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…
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…
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…
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…
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
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,…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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,”…
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…
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…
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…
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…
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…
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…
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…
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,…
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…
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…
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…
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…
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,…
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….
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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….
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,…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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….
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…
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…
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…
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…
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…
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…
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….
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…
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…
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….
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…
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….
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…
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…
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…
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…
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…
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…
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,…
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…
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….
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…
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…
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….
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…
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…
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…
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…
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…
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…
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…
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…
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…
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….
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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….
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…
U.S. Bank to open State Street branch
Betting that the region’s premier commercial corridor is a good place to do business for the long term, the nation’s fifth-largest bank will open its only full branch in downtown…
US Bank Lease Prime Spot on State Street
U.S. Bank, the fifth largest commercial bank in the nation, will also occupy a 3,000-square- foot facilitytoward the rear of the State Street property.Shooz, a retailer, most recently occupied the…
US Bank Moving to Heart of Downtown Santa Barbara
US Bank, the fifth-largest commercial bank in the nation, has leased a 5,708-square-foot space at 936 State St. as a new branch location. The deal is the largest retail lease…
Hayes Commercial Brokers Year’s Largest Retail Lease
Santa Barbara’s State Street signed its largest downtown retail lease on July 23, with U.S. Bank snagging 5,708 square feet for a new location. The deal comes the same day…