Santa Barbara Museum of Art plans $50M renovation project
By pacbiztimes / Friday, September 11th, 2015 / Columns, Real Estate / Comments Off on Santa Barbara Museum of Art plans $50M renovation project
The proposed overhaul of the Santa Barbara Museum of Art is going through the final stages of approval. The $50 million renovation, which will be privately funded, includes $42 million in construction costs and $8 million in ongoing maintenance, SBMA Director Larry Feinberg said at a planning commission meeting. The remodel will include roofing and Read More →
Limoneira partners with Lewis Group on Santa Paula Gateway
By Staff Report / Wednesday, September 9th, 2015 / Agribusiness, Latest news, Real Estate, Top Stories, Tri-County Public Companies, West Ventura County / Comments Off on Limoneira partners with Lewis Group on Santa Paula Gateway
In a transformative deal, Limoneira Co. has landed a partner for its Santa Paula Gateway project, unlocking as much as $100 million in cash flow over the next 10 years. In a statement, Limoneira said it has joined with The Lewis Group of Companies, a real estate investment company based in Claremont, to develop the Read More →
Santa Barbara office building for lease until $2M renovation starts
By pacbiztimes / Friday, September 4th, 2015 / Columns, Latest news, Real Estate, South Coast / Comments Off on Santa Barbara office building for lease until $2M renovation starts
Radius Commercial Real Estate Group recently listed two industrial/office buildings totaling 27,200 square feet at 749 and 759 Ward Drive in Santa Barbara. One 17,200-square-foot building is available for a 58 cent-per-square-foot lease until October 2016 when the owner will begin a $2 million-plus renovation. Both buildings will be ready in early 2017, according to Read More →
Buellton hotel project secures funding to begin construction
By pacbiztimes / Friday, August 28th, 2015 / Columns, Real Estate / Comments Off on Buellton hotel project secures funding to begin construction
A Buellton hotel project recently secured $14 million to start construction. The Los Angeles-based real estate investment company Lowe Enterprises Investors gave a $13.99 million construction loan to Ocean Park Hotels, a hotel construction company in Monterey, to fund building a Hampton Inn and Suites at 600 McMurray Road. The three-story, 99-unit property that will Read More →
Madonna plans $500 million development in SLO
By pacbiztimes / Friday, August 21st, 2015 / Central Coast, Latest news, Real Estate, Top Stories / Comments Off on Madonna plans $500 million development in SLO
John Madonna plans to transform 111 acres in San Luis Obispo into a $500 million mixed-use project that caters to the city’s aging population. The proposed Froom Ranch project includes a continuing care retirement community (CCRC) that offers 350 residential units for seniors, 150,000-350,000 square feet of commercial retailers for its residents, 200 apartments and Read More →
High-end grocers consider leasing downtown Santa Barbara space
By pacbiztimes / Friday, August 21st, 2015 / Columns, Real Estate / Comments Off on High-end grocers consider leasing downtown Santa Barbara space
Several high-end specialty grocers are interested in a 3-acre lot in downtown Santa Barbara. The space at 301 E. Yanonali St., where StoneYard Building Materials currently operates, is available for lease, Pamela Scott told the Business Times. Scott is an agent at the Santa Barbara-based commercial real estate company Lee & Associates. The proposed project Read More →
Cabrillo Boathouse renovation project awaiting final approval
By pacbiztimes / Friday, August 14th, 2015 / Columns, Latest news, Real Estate, Top Stories / Comments Off on Cabrillo Boathouse renovation project awaiting final approval
The Santa Barbara Planning Commission will review renovation plans for the Cabrillo Boathouse and Pavilion on Aug. 20. The city-owned historic landmark at 1118 E. Cabrillo Blvd. has hosted many community programs since its 1926 inception, predominantly on its second floor that overlooks East Beach. The city plans to address failing building systems, which include Read More →
