Martin Teitelbaum and Hugh Cassar have launched a joint venture called Conejo Merchant to develop an industrial and commercial condominium complex at the site.
Four properties in the area fetched a whopping $700 per square foot when they recently changed hands.
The company signed leases collectively valued at more than $21 million in 2013, according to Hayes Commercial Group, and is now downtown Santa Barbara’s largest private-sector tenant.
The New Tahitian Apartments, a 63-unit building in Isla Vista, has been sold to an investor in the region for $14.3 million. The deal is the largest sale of a multi-family property on the South Coast so far this year, according to a news release from Santa Barbara-based Radius Commercial Real Estate & Investments, which Read More →
By Henry Dubroff and Marlize van Romburgh on February 20, 2012 Bacara Resort & Spa, the luxury resort in Goleta that was snapped up by Ohana Resorts for a bargain price in July 2011, is close to having a new owner. Sources familiar with the transaction said Pacific Hospitality Group of Irvine is in the Read More →
The firm, founded in 2011 by real estate industry veteran Eric Taylor, plans to turn the former campus headquarters into a multi-tenant office park.
Life insurance companies continue to gain market share as major financiers for high-quality real estate.