Santa Monica-based Montana Avenue Capital Partners purchased the 118,394-square-foot oceanfront office campus at 6303-6309 Carpinteria Ave. in Carpinteria in a record setting deal, according to brokers who worked on the deal. The sale price was not disclosed, although the property was listed for $32.5 million. Francois DeJohn and Steve Hayes of Hayes Commercial Group represented Read More →
It was a retail icon, a testament to the 1990s rise of State Street in Santa Barbara as a shopping mecca. The very name oozed luxury and aspiration. Saks Fifth Avenue. And soon it will be gone. The property at the corner of State and Carrillo streets in the 1000 block of the center of Read More →
On June 16, Michael Kidd and his Concerned Citizens for Avila army rallied as hard as they could against a proposed redevelopment of 32 acres in the hills above the Port San Luis Harbor District, but couldn’t stop more than a decade of momentum behind the project. The proposed $20 million development could include up Read More →
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 space at 111 Castilian Drive. The company, which makes thermal imaging devices for the consumer market, is effectively doubling its footprint in its move from Read More →
The latest rumor to moonwalk around the blogosphere is that rapper Kanye West is interested in buying Michael Jackson’s former Neverland estate — but for nowhere near the asking price. Colony Capital, the Santa Monica-based firm headed by real estate mogul Tom Barrack, is trying to sell the late pop star’s notorious estate for $100 Read More →
With luxury resort operator Rosewood Hotels & Resorts signed on to run the Miramar resort and a large construction loan secured, some of the final pieces of the nearly decade-long puzzle are falling into place. Terms of the agreement weren’t disclosed when the deal was announced on June 3. But talks between the two firms Read More →
Designer Steve Hermann will write the next chapter for the former Arts & Letters Cafe, turning the quaint eatery and gallery space into a fine dining restaurant. According to Hayes Commercial Group, the property, which sits just off State Street at 7 E. Anapamu St., closed above the $2.1 million asking price and garnered a Read More →
