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…

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

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

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…

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

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

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…

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

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…

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…

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…

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

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

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

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

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

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…

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

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

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

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

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

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,…

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

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

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

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

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

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

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…

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

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

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

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

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

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,…

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…

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…

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…

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

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

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

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…

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

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

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

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

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

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

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

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…

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

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

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

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

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…

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

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

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…

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…

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…

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…

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…

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…

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…

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…

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

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

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

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

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

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

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

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

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

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

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

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,…

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…

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

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

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

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

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,…

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

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

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

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

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

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

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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,…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

After starting three successful Santa Barbara restaurants, Tom and Adam White are preparing to launch a fourth in the spring of 2011. The Whites, who own and operate Santa Barbara…

U.S. Bank, the fifth largest commercial bank in the nation, has just leased 5,708 SF at 936 State Street for a new branch location. This is the largest retail lease…

One of Santa Barbara’s most prominent accounting firms has found a new location downtown. Nasif Hicks Harris & Co., a firm which has served over a thousand local businesses since…

In another indication of renewed interest in downtown retail property, 515 State Street has been purchased by an unnamed local investor. The property was listed for $2,850,000, received multiple offers,…

The largest office complex in Santa Barbara is now 100% leased. Hayes Commercial Group represented the Santa Barbara Business Center in its lease of more than 6,000 square feet of…

Inogen, Inc. signed the largest commercial lease on the South Coast in 2010, renewing their 38,851 SF space at 326 Bollay Drive in Goleta. Inogen produces respiratory devices for home…