July 21, 2024
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CRE: High interest rates hinder South Coast sales activity, report finds


The building that includes The Palms restaurant in Carpinteria sold earlier this year. (courtesy photo) By Staff Report Sales in the South Coast have been hampered due to higher interest rates, the Hayes Commercial Group’s midyear 2023 report found. The report, published on Aug. 4, found that commercial dollar volume sales, excluding hotels, were down…


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