Real Estate: Paseo Nuevo Macy’s to get new life as roller rink; Hotel Santa Barbara sold
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Simi Valley industrial sale is city’s biggest ever
A six-unit industrial building in Simi Valley sold recently for $46.4 million, making it the “largest industrial property ever sold” in the city, Calabasas-based Lee & Associates announced Dec. 3. Lee & Associates-LA North/Ventura President Mike Tingus and principals Joe Jusko and Grant Fulkerson negotiated the sale of the Topaz Business Park to Rexford Industrial, an Read More →
Real Estate: Apartment complex in South Oxnard fetches nearly $40M
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Real Estate: Potential office glut in Santa Barbara; Landmark restaurant for sale in Carpinteria
The Santa Barbara commercial real estate market has faced its ups and downs this year, according to Radius Commercial Real Estate General Manager Brian Johnson. Speaking at Santa Barbara Executive Roundtable’s annual economic forecast on Nov. 11, Johnson said leasing in the area is down “heavily.” The third quarter of 2021 produced just 49 new Read More →
Real Estate: Latest Oxnard apartment sale fetches $50M
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Real Estate: Hotel Californian was Santa Barbara’s biggest hotel sale in years
The Hotel Californian on lower State Street in Santa Barbara was purchased for an estimated $130 million, according to Hayes Commercial Real Estate’s recently released South Coast market report. Foley Entertainment Group, founded by Las Vegas Golden Knights hockey owner and Santa Barbara County wine magnate Bill Foley, bought the 121-room hotel near Santa Barbara’s Read More →
New owners have plans to transform Nordstrom building in downtown Santa Barbara
Three out-of-area firms have acquired the now-vacant building formerly occupied by Nordstrom in downtown Santa Barbara, the companies announced Nov. 4. Shopoff Realty Investments and Praelium Commercial Real Estate, both based in Orange County, bought the property in partnership with an affiliate of New York City-based Dune Real Estate Partners. Shopoff Realty Investments representatives declined Read More →
