-
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
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…
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…
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…
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…
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…
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…
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.
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…
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…
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…
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.
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.
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…
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…
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…
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…
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…
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…
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…
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…
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…