Santa Barbara office building for lease until $2M renovation starts
By pacbiztimes / Friday, September 4th, 2015 / Columns, Latest news, Real Estate, South Coast / Comments Off on Santa Barbara office building for lease until $2M renovation starts
Radius Commercial Real Estate Group recently listed two industrial/office buildings totaling 27,200 square feet at 749 and 759 Ward Drive in Santa Barbara. One 17,200-square-foot building is available for a 58 cent-per-square-foot lease until October 2016 when the owner will begin a $2 million-plus renovation. Both buildings will be ready in early 2017, according to Read More →
Buellton hotel project secures funding to begin construction
By pacbiztimes / Friday, August 28th, 2015 / Columns, Real Estate / Comments Off on Buellton hotel project secures funding to begin construction
A Buellton hotel project recently secured $14 million to start construction. The Los Angeles-based real estate investment company Lowe Enterprises Investors gave a $13.99 million construction loan to Ocean Park Hotels, a hotel construction company in Monterey, to fund building a Hampton Inn and Suites at 600 McMurray Road. The three-story, 99-unit property that will Read More →
Madonna plans $500 million development in SLO
By pacbiztimes / Friday, August 21st, 2015 / Central Coast, Latest news, Real Estate, Top Stories / Comments Off on Madonna plans $500 million development in SLO
John Madonna plans to transform 111 acres in San Luis Obispo into a $500 million mixed-use project that caters to the city’s aging population. The proposed Froom Ranch project includes a continuing care retirement community (CCRC) that offers 350 residential units for seniors, 150,000-350,000 square feet of commercial retailers for its residents, 200 apartments and Read More →
High-end grocers consider leasing downtown Santa Barbara space
By pacbiztimes / Friday, August 21st, 2015 / Columns, Real Estate / Comments Off on High-end grocers consider leasing downtown Santa Barbara space
Several high-end specialty grocers are interested in a 3-acre lot in downtown Santa Barbara. The space at 301 E. Yanonali St., where StoneYard Building Materials currently operates, is available for lease, Pamela Scott told the Business Times. Scott is an agent at the Santa Barbara-based commercial real estate company Lee & Associates. The proposed project Read More →
Cabrillo Boathouse renovation project awaiting final approval
By pacbiztimes / Friday, August 14th, 2015 / Columns, Latest news, Real Estate, Top Stories / Comments Off on Cabrillo Boathouse renovation project awaiting final approval
The Santa Barbara Planning Commission will review renovation plans for the Cabrillo Boathouse and Pavilion on Aug. 20. The city-owned historic landmark at 1118 E. Cabrillo Blvd. has hosted many community programs since its 1926 inception, predominantly on its second floor that overlooks East Beach. The city plans to address failing building systems, which include Read More →
Goleta nonprofit Direct Relief moving forward with building
By pacbiztimes / Friday, August 7th, 2015 / Columns, Nonprofits, Real Estate / Comments Off on Goleta nonprofit Direct Relief moving forward with building
Goleta-based nonprofit Direct Relief is one step closer to building a new 155,000-square-foot facility by the Santa Barbara Airport where it could produce and distribute humanitarian aid, medicine and other vital supplies to impoverished and disaster-stricken communities around the world. The Santa Barbara Architectural Board of Review continued the project after its first concept review Read More →
Oriental rug store may be razed for 4-story mixed-use project
By Elijah Brumback / Friday, July 31st, 2015 / Columns, Real Estate / Comments Off on Oriental rug store may be razed for 4-story mixed-use project
The owners of Aga John Oriental Rugs want to demolish the company’s Santa Barbara retail store to make way for a new four-story mixed-use development. Located at 15 S. Hope St., just across from the La Cumbre Mall, the property was purchase by Aga John in 2005 from Wye Road Properties for $4.1 million. The Read More →
