Santa Barbara
Xenia Set for Sale of 7 Hotels for $483M
Florida’s Xenia Hotels & Resorts is selling a seven-hotel portfolio for $483 million to an undisclosed buyer. The portfolio totals… Read more
244-Unit Watermark on Union Trades to NALS in CO
Watermark Residential ended its hold on Watermark on Union, selling the 244-unit pre-stabilized apartment complex in Colorado Springs, CO to… Read more
Bioscience Firm Back-Fills Camarillo 64K SF Sublease
Bioscience firm PBS Biotech has assumed a 63,789-square-foot, long-term sublease at a industrial facility located at 4721 Calle Carga in… Read more
Amazon Expands to Downtown Santa Barbara for Team Alexa
Roughly 100 Amazon employees have moved into 48,000 square feet of recently transformed space at a 1001 State St. in… Read more
Caruso Names Philipp Posch as Hospitality SVP
Caruso, L.A.’s bespoke owner/operator of properties featuring curated experiences, has named Philipp Posch as SVP of hospitality for that line… Read more
America has Voracious Appetite for Food Halls
By Dennis Kaiser With 190 food halls in the United States by the end of 2018 and a projection of… Read more
Paseo Nuevo Renovations Launched in Santa Barbara
Pacific Retail Capital Partners and J.P. Morgan Asset Management broke ground on a multi-million-dollar redevelopment of Paseo Nuevo, a 458,000-square-foot… Read more
Record Pricing Achieved for Colorado Springs MF
Santa Barbara, CA-based NALS Apartment Homes acquired Overlook at Interquest, a 2018-constructed, 264-unit asset in Colorado Springs, CO for $66.5… Read more
Caruso Opens Rosewood Miramar Beach Resort in Santa Barbara
Connect Los Angeles is set for March 21st at the Hotel Indigo Downtown Los Angeles. You can get more information… Read more
Rare New Construction MXU MF in Santa Barbara Sold for $56M
Marcus & Millichap’s Institutional Property Advisors (IPA) division handled the $56.2-million sale of The Marc, a new-construction, luxury 89-unit multifamily asset… Read more
What’s Driving Down Self Storage Rents?
New self storage deliveries pushed U.S. rent rates down in September 2018, according to research by Santa Barbara, CA-based Yardi… Read more
Santa Barbara Cottage Hospital Completes $820M Renovation
Connect Healthcare is just around the corner on October 29 and 30 at The Resort at Pelican Hill in Newport… Read more
Iconic Howard Canfield Building ‘On the Market’
A landmark retail building in Santa Barbara, CA went up for sale in a deal expected to trade in the… Read more
Glamping Hits Yosemite National Park
Glamping, or luxury camping, is coming to Yosemite National Park in the form of airstream hotels. Santa Barbara startup AutoCamp… Read more
Vehicular Homelessness Soars with Housing Prices
Although the U.S. Department of Housing and Urban Development doesn’t collect national data on vehicle residency, the category that includes… Read more
Chesapeake Lodging Trust Sells Hyatt Centric Santa Barbara for $90M
Arlington, VA-based Chesapeake Lodging Trust divested the 200-room Hyatt Centric Santa Barbara, CA for $90 million, or $450,000 per key.… Read more
Multifamily Rent Growth Springs into Gear
Multifamily rents in the U.S. performed strongly in April, rising $4 to $1,377, according to a survey of 121 markets by Yardi Matrix. Rents… Read more
Most Desirable Luxury Real Estate “Power Markets”
Coldwell Banker Global Luxury program released The Report, a review of the overall luxury market in 2017 and an outline… Read more
Bixby Land’s Bill Halford Passes Away
William R. “Bill” Halford, CEO of Bixby Land Company and a leader in the Southern California commercial real estate community,… Read more