Apartments hot investment in Tri-Counties
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Orfalea Foundation office building available for lease
An Orfalea Foundation office building is on the market as the nonprofit prepares to close by the end of the year. About 3,000 square feet of office space is available for lease at $5.75 per square foot. The two-story building has 11 parking spaces and three restrooms. Rob Hambleton and Steve Golis of Radius Commercial Read More →
More deals, development in South Coast CRE pipeline
When you’re serving up steak and eggs for nearly 300 people the market must be doing well joked Brad Frohling, principal for Radius Commercial Real Estate and event moderator for the firm’s 7th annual Radius Real Estate & Economic Forecast breakfast. The event was held at Fess Parker’s Double Tree Resort & Hotel in Santa Read More →
New Tahitian Apartments in IV sells for $14M
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 →
CRE brokers: Bacara sold for as much as $180M, buoying market
The sale of Bacara Resort & Spa, a transaction industry insiders are pegging at a $150 million to $180 million deal, buoyed the South Coast commercial real estate market in the first quarter of the year. That was the view from Radius Commercial Real Estate & Investments in its latest quarterly market report. Radius noted Read More →
