-
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
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…
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…
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.
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…
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.
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
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,…
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…
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…
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…
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…