Santa Barbara
BWE Closes $58M Loan for Santa Barbara Apartment Complex
The Irvine, CA office of mortgage banking company Bellwether Enterprise Real Estate Capital (BWE) has closed a $58 million loan… Read more
Universe Holdings Snags Ventura Multifamily Property for $20M
Berkadia has completed the $20.35 million sale of YOLO West Apartments, a 45-unit multifamily community in Ventura, CA. The property,… Read more
Hersha Hospitality to Sell Pan Pacific Seattle Hotel
Luxury and lifestyle hotel owner Hersha Hospitality Trust has entered into definitive agreements to sell a pair of its West… Read more
Six Hotel Properties Added to Twenty Four Seven’s Purview
As the hospitality industry continues its recovery from the Covid-related lockdown, and subsequent dip in travel, Twenty Four Seven Hotels… Read more
Parker Clay Focuses on Storefronts with Dallas, Austin Locations
Parker Clay, an Ethiopian leather goods brand with a mission to uplift at-risk women, will be in three locations, Chelsea… Read more
Will Oil Spill Further Restrict Offshore Drilling?
Calls for an end to offshore drilling are getting louder after 126,000 gallons or 3,000 barrels morphed into an oil… Read more
Hotel Californian Sale is One of Santa Barbara’s Largest
In one of the largest sales of a Santa Barbara hotel property, the Hotel Californian recently traded to one of… Read more
Andrew Grant Joins Panorama Group to Form Grant Leisure Inc.
Andrew Grant recently joined the Panorama Group. The new entity, Grant Leisure Inc., aims to become a one-stop shop for… Read more
Briq Closes $30M Series B Fundraise
Santa Barbara-based construction startup Briq Technologies closed a $30 million Series B fundraise led by unicorn hunter Tiger Global Management.… Read more
Construction is Underway on $78M UCSB Building
C.W. Driver Companies broke ground this week on the construction of a four-story classroom building at the University of California,… Read more
Praelium, Shopoff JV Snags Santa Barbara Tech Campus
Irvine-based Shopoff Realty Investments and Praelium Commercial Real Estate acquired Castilian Technical Center, a 165,905-square-foot headquarters property in Goleta. The… Read more
Colliers Completes Sale of High-Performing Albertsons in Buellton
Colliers International handled the nearly $19-million sale of an Albertsons store in Buellton. The roughly 45,000-square-foot net leased property is… Read more
Q&A: Coldwell Banker Commercial’s Dan Spiegel Talks Student Housing
As universities across the nation return to school this fall to deal with the ongoing COVID-19 pandemic, how will the… Read more
Twin Cities ALDI Trades to CA Buyer
Hanley Investment Group Real Estate Advisors arranged the sale of a new construction single-tenant ALDI in Chaska, MN, within the… Read more
California Gov. Newsom Closes Bars in 7 Counties, Advises Another to Reinstate Stay-Home Order
The Golden State’s planned reopening took a few steps back over the weekend. California Governor Gavin Newsom on Sunday tweeted:… Read more
Nordstrom Permanently Closing 16 Full-Line Stores in Nine States
Seattle-based Nordstrom, Inc. outlined plans to increase flexibility and agility in serving customers and position the business for the long-term… Read more
Northwestern Mutual Divests MF in Oxnard for $92M
The Artisan at East Village, a 272-unit garden-style multifamily property in Ventura County, CA, traded hands for $92.25 million. The… Read more
Avison Young Completes $68M Off-Market Sale in Rancho Cucamonga
Avison Young completed the off-market, $68-million sale of Arte, a 182-unit, luxury apartment community located at 10130 Foothill Blvd. in… Read more
Yardi Matrix: Multifamily May Feel COVID-19 Impact
The global spread of the COVID-19 virus has brought a technical end to the 11-year bull market in equities, forced… Read more