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City: Santa Barbara
194,600-SF Industrial Property in Goleta, Calif., Sells for $50.7Mln
Santa Barbara News-Press Majestic Asset Management has paid $50.7 million, or $260.53/sf, for Tech Park @ Engage, a six-building industrial property that totals 194,600 square feet in Goleta, Calif. The Agoura Hills, Calif., investor, which was represented by Hayes Commercial ...
Southern Calif. Office Building Sold for $13.125Mln
Majestic Asset Management Inc. has paid $13.125 million, or $226.29/sf, for the 58,000-square-foot office building at 120 Cremona Drive in Goleta, Calif., which is near Santa Barbara, Calif., and northwest of Los Angeles. The Agoura Hills, Calif., company purchased the ...
Hotel Oceana/202 West Cabrillo Blvd.
92 percent occupancy rate in 2013. Hersha funded its purchase by assuming a $24.9 million CMBS loan against the hotel. The loan was securitized through COMM, 2013-CCRE8. It pays a fixed coupon of 4.4 percent and matures in 2023.
Hyatt Santa Barbara hotel and the Parkside Inn/along East Cabrillo Boulevard and across from the Santa Barbara Beach
Also included in the sale was a five-unit apartment building whose units are leased on a monthly basis.
1.79-Acre Development Parcel in Santa Barbara, Calif., Sold
Santa Barbara IndependentThe Housing Authority of Santa Barbara, Calif., has sold a 1.79-acre development tract at 535 E. Montecito St. in Santa Barbara, Calif. A purchase price was not disclosed, but it had been listed with a $5.5 million asking ...
900 State St.
fully occupied.
L.A.-Area Office Complex Sells for $29.13Mln
Redwood Capital Partners has paid $29.13 million for Commerce Park, a 110,000-square-foot office property in Santa Monica, Calif.The private-equity firm purchased the property from Pacific Structures, which was advised on the sale by Madison Partners of Los Angeles. Commerce Park ...
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