September 29, 2023
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Macy’s building in downtown Santa Barbara gets new owner


The former Macy’s building at Paseo Nuevo in Santa Barbara has been acquired by Pacific Retail Capital Partners and other institutional investors under the advisement of J.P. Morgan Asset Management. The downtown shopping center is now positioned to repurpose the 135,000-square-foot space and better serve the city’s retail environment. Paseo Nuevo worked closely with Macy’s…


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