October 3, 2022
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Sale of Paseo Nuevo Macy’s building will spur repurposing

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Robert Shutt Pacific Retail Capital Partners and several other institutional investors under the advisement of J.P. Morgan Asset Management announced on Feb. 7 their acquisition of the former Macy’s building at the Paseo Nuevo mall in downtown Santa Barbara. The shopping center will now be able to look at repurposing options for the 135,000-square-foot building…

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