COVID-19 pandemic creates CRE uncertainty
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Nordstrom will not reopen store in Santa Barbara’s Paseo Nuevo
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Tri-Counties start to reopen closed parts of the region’s economy
California is reopening some previously-closed establishments, but what that actually looks like will depend on the county — and in some places, the city — where people live. San Luis Obispo, Santa Barbara and Ventura counties are all taking different approaches as they figure out how to best protect their populations while allowing some parts Read More →
Hair: CBRE expects long recovery time for commercial real estate
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Office market rents will drop, NAI survey respondents say
NAI Capital took a look at regional trends from the last 10 years but also asked office market professionals where they see the market going in the near future for its COVID-19 Impact Survey, which was released April 13. “The financial impact on coworking spaces and office landlords in general will likely grow exponentially the Read More →
Retail wine sales soar but wineries still suffer revenue slump
Tri-county wine tasting rooms and restaurants likely won’t reopen to visitors soon, but consumers are still buying and drinking wine. The Nielsen Co. reported that wine sales at grocery and drug stores soared 27 percent in the week ending March 14 when compared to both the previous and the year-ago week. Wineries are getting higher Read More →
Multitenant retail building next to Ventura College sells for $7.4 million
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