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April 05, 2013
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Workzones opens downtown
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New co-working club provides startup atmosphere, flexible digs
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By Marlize Van Romburgh, @marlizevr, Pacific Coast Business Times. Part social club, part coffee-shop hangout and part technology incubator, Workzones is a new “co-working” space in downtown Santa Barbara.
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March 27, 2013
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Lobero Theatre board welcomes Steve Hayes
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New member brings 30 years of real estate experience
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Steve Hayes, a prominent figure in commercial real estate in the Santa Barbara area, has joined the Lobero Theatre board.
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January 25, 2013
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South Coast update
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A summary of commercial real estate for 2012
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Marlize Van Romburgh, Managing Editor, Pacific Coast Business Times. The South Coast commercial real estate market broke sales records last year, with the total deal value topping $365 million.
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December 13, 2012
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New Interior Decor Store Brings in Unique Offerings
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"Super Chic" has worldwide items
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Written by KEYT Staff. A new unique interior decor store has opened in Santa Barbara. "Super Chic" is welcoming customers at 1 West Canon Perdido near State Street. View the KEYT video.
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December 07, 2012
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Steve Hayes celebrates 30 years of CRE dealmaking
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Broker crosses $1 billion volume threshold
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Marlize Van Romburgh, Managing Editor, Pacific Coast Business Times. Steve Hayes remembers meeting his clients at places around town, rushing back to his office, checking voicemail and then heading back out. It was commercial real estate, in the low-tech days before BlackBerrys and iPads.
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November 15, 2012
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Commercial Real Estate Market Posts Mixed Third Quarter
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Sales in Santa Barbara County recover to pre-recession volume, but leasing activity has slowed
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By Gina Potthoff, staff writer, Noozhawk.com. [Exerpts from article follow.] Sales in commercial real estate posted increases in Santa Barbara County during the third quarter, while commercial leasing experienced a decline.
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July 13, 2012
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State Street shopping scene heats up with boom in leases
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Santa Barbara retail property update
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By Marlize Van Romburgh, Pacific Coast Business Times. [Exerpts from article follow.] There’s a summer retail shuffle happening on Santa Barbara’s State Street. The region’s versions of Rodeo Drive has seen a number of new leases, expansions, and moves this summer, including the lease of one of the largest vacant spots downtown.
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July 06, 2012
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City putting parking lot up for auction
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Site of former post office on lower Milpas Street
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By Lyz Hoffman, The Independent. The City of Santa Barbara is putting the parking lot of the former Milpas Street post office up for sale in a sealed-bid auction to be held on July 19.
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May 22, 2012
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Owner of Midnight Eatery Blue Owl Opening New Daytime Deli
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Cindy Black says she wants to take a fresh approach with the restaurant, opening in June at 5 W. Canon Perdido St
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By Alex Kacik, Noozhawk Business Writer | @NoozhawkBiz. Former pastry chef Cindy Black decided to open her Asian-fusion Blue Owl midnight eatery a year and a half ago when she noticed there weren’t many late-night dining options. But she said it took her more than six months to generate consistent business.
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May 15, 2012
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Bed supplier comes to rest on Chapala
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Brokers say it's the largest commercial real estate deal in Santa Barbara so far this year
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By Steve Sinovic, News-Press Staff Writer. Santa Barbara-based Ergomotion, a fast-growing supplier in the adjustable bed industry, will move the lion's share of its operations from existing spaces in what brokers are calling the largest commercial lease in Santa Barbara so far in 2012.
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May 14, 2012
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No Time to Rest for Adjustable-Bed Supplier Ergomotion
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Santa Barbara company is expanding its operations to 203 Chapala St.
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By Alex Kacik, Noozhawk Business Writer. While adjustable beds are most often found in hospitals and retirement homes, one Santa Barbara company is trying to demonstrate that the beds aren’t just for the sick and elderly.
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May 14, 2012
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Ergomotion pens year’s largest lease in Santa Barbara
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Local adjustable bed company will remain downtown
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Staff Report from pacbiztimes.com. Ergomotion, a company that makes adjustable bed bases, has signed the largest commercial lease in Santa Barbara so far this year.
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April 06, 2012
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Scottsdale jeweler to open store on State Street
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Jewelry by Gauthier leases former Paper Star space
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By Steve Sinovic, News-Press Staff Writer. With plans to open a store in downtown Santa Barbara, Jewelry by Gauthier is clearly going where many of his potential customers are.
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April 04, 2012
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Student Housing/Retail Project Nearing Completion in Isla Vista
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Developers say The LOOP, set to open this summer on Trigo Road, will provide a unique, green living environment near UCSB
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By Alex Kacik, Noozhawk Business Writer, @NoozhawkBiz, www.noozhawk.com. Neil Dipaola described Isla Vista’s newest student housing facility as the box seats at a concert.
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March 27, 2012
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Milpas Businesses Hoping New Fresh & Easy Market Will Be Boon for Neighborhood
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The grocery-chain store, set to open May 1, has already brought some welcome revitalization for other owners in the area
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By Alex Kacik, Noozhawk Business Writer. @NoozhawkBiz As Fresh & Easy Neighborhood Market prepares to open on Milpas Street in Santa Barbara, businesses along the corridor hope the new storefront brings new traffic.
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March 19, 2012
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Small(er) Markets, Big Opportunities
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Investors leave core cities in search of higher returns.
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by Rich Rosfelder, Commercial Investment Real Estate. Commercial real estate investors are ready for a bit of risk. According to a 2011 Colliers survey, more than half of U.S. investors surveyed are prepared to move out of their comfort zones in search of higher returns. Their adventures will lead them straight to non-core markets.
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March 09, 2012
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MultiProbe purchases local headquarters
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Local high-tech company uses SBA financing
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Montecito Messenger Staff Report. [Excerpted] MultiProbe, a tech company based in Santa Barbara, purchased 18,673 square feet in two buildings that currently house its headquarters.
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March 09, 2012
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Real Estate Magazine Recognizes Hayes Commercial Group
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"Real Estate Forum" names Top Brokerage Houses in Southern California
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Montecito Messenger Staff Report. Real Estate Forum magazine recognized Hayes Commercial Group as one of Southern California’s top brokerage houses in its December 2011 issue. Hayes Commercial earned a spot as the only Santa Barbara-based firm among 15 honorees.
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March 01, 2012
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MultiProbe Buys Buildings for Santa Barbara Headquarters
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High-tech company purchases 18,673 square feet of space listed for $3.95 million
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Alex Kacik, Noozhawk Business Writer, Noozhawk.com. Santa Barbara-based MultiProbe has purchased the buildings that house its headquarters at 819 Reddick St. and 425 N. Milpas St. in Santa Barbara.
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February 10, 2012
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Resizing or Right-Sizing?
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Prepare for the smaller (and smarter) corporate office
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by Rich Rosfelder, Associate Editor, CIRE Magazine. Corporations around the globe have been holding on to office space in anticipation of a market rebound, but that’s about to change. “A growing number of corporate property owners say they have up to 50 percent excess leased office space,” according to Jim Young, CEO of RealComm, a commercial real estate and technology advisory firm. “Their goal over the next five to seven years is to eliminate that excess space.”
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January 06, 2012
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2012 forecast
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CRE insiders look for steady rebound starting in new year
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By Marlize van Romburgh, Pacific Coast Business Times. The region's commercial real estate insiders say that with the exception of a few rough spots, they expect a decent comeback in 2012.
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November 10, 2011
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REI Opens New Santa Barbara Store
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Anacapa Street outlet will celebrate its grand opening next weekend with giveaways and contests
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Alex Kacik, Noozhawk Business Writer. National outdoor recreation retailer REI held an invitation-only community reception Thursday night as a sneak preview of its new Santa Barbara store, which kicked off its soft opening at 10 a.m. Friday.
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September 28, 2011
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Economist Speaking at Montecito Bank & Trust’s B2B Event Warns of Slow Growth Ahead
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Bill Watkins says Santa Barbara's housing sector provides a bright spot, and that the county is poised for a rebound in tourism and manufacturing
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Alex Kacik, Noozhawk Business Writer. California can expect more slow growth through next year, but the good news is that Santa Barbara County is well-equipped for a rebound in tourism and manufacturing, according to California Lutheran University economist Bill Watkins.
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June 24, 2011
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70,000-SF Building Sale Ranks Top in Market
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Goleta office building sold to East Coast investors
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By Bob Howard, GlobeSt.com. GOLETA, CA-The sale of a 70,282-square-foot office building that was listed for $19.86 million is the largest in this market in the past five years in this week’s roundup of commercial real estate news in the West.
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June 23, 2011
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East Coast investors buy $20M property in Goleta
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Largest commercial sale of the year for South Coast
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Staff report from Pacific Coast Business Times. An East Coast investment group has purchased a 70,000-square-foot office building in Goleta that was listed for $19.9 million. It is the largest Goleta building sold in five years, according to the brokerage firm behind the deal.
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June 11, 2011
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Retail Revival?
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Clothing giant H&M to replace Santa Barbara Barnes & Noble on State St.
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Zac Estrada, The Daily Sound. Clothing retailer H&M’s Santa Barbara location will open at noon June 23 in the home of the old downtown Barnes & Noble on State Street, company officials announced Friday.
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June 08, 2011
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Clothing retailer plans State Street store
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Boulder's Erica Dahl to open "Savvy on State"
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Steve Sinovic, News-Press Staff Writer. A Colorado-based speciality retailer is taking a chance on State Street.
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May 13, 2011
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NHR leases 98,000 sf in Goleta
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Firm's expansion signals technology turnaround
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Marlize van Romburgh, Pacific Coast Business Times. Network Hardware Resale is riding the wave of economic recovery, tripling its stockpile of inventory as it gears up for business to invest in infrastructure. To make room for its impressive growth, the Goleta-based firm more than doubled the size of its corporate headquarters during the first quarter – helping to put a dent in the city’s commercial vacancy rate. And it’s not stopping there.
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May 05, 2011
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Sorkin: Financial collapse could happen again
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Author speaks at UCSB Economic Forecast
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Marlize van Romburgh, Pacific Coast Business Times. Financial crises are ultimately about too much debt and not enough confidence.
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May 05, 2011
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Forecasters see slow recovery, shift in jobs
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Report from UCSB Economic Forecast
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Marlize van Romburgh, Pacific Coast Business Times. The UC Santa Barbara Economic Forecast Project projects that tri-county employment will recover to pre-recession levels by 2013 — but the region’s job makeup might end up look very different.
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May 05, 2011
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RightScale to take over Santa Barbara tech incubator
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Company moves headquarters
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Staff Report, Pacific Coast Business Times. Burgeoning with new hires, Santa Barbara-based cloud computing firm RightScale is taking over 26,000 square feet of space at the former technology center on Gutierrez Street.
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March 04, 2011
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Local economy on the upswing, forecaster says
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Hayes Commercial Group sponsors economic conference
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Steve Sinovic, News-Press Staff Reporter. This year, most residents of the South Coast may be slightly more convinced that the recession is over.
That doesn't mean it will be a stellar recovery. Instead, residents will be seeing a "slow but steady thawing" of an economy locked in a deep freeze for the past three years, asserts economist Mark Schniepp.
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February 28, 2011
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Sweetening Santa Barbara
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Carpinteria candy shop hopes to open its doors in SB by Easter
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Steve Sinovic, News-Press Staff Writer. After three years in Carpinteria, the owners of Chocolats du Calibressan will bring their candies north to Santa Barbara.
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February 23, 2011
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AutoZone buys empty building
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Retailer to open business where Hollywood Video was
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Staff Report, Atascadero News. The 7,500-square-foot retail building located at 8195 El Camino Real in Atascadero has been purchased by AutoZone Development Corporation.
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January 19, 2011
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Santa Barbara investment firm moving offices
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By Kyle Rokes, Daily Sound: One of Santa Barbara’s leading investment firms is moving to one of State Street’s most historic buildings this spring in one of the city’s largest office leases of 2010.
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January 10, 2011
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Commercial Real Estate Round Up
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In a Sign of the Times, Commercial Real Estate Endures Ups, Downs
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Taylor Orr, Noozhawk.com. Local industry representatives put market numbers in perspective, saying there are indications that the worst may be over Commercial real estate can provide perspective into how an economy is performing overall.
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January 07, 2011
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Commercial real estate forecast for 2011
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Full real estate recovery doubtful in 2011, but possible in 2012
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Marlize Van Romburgh, Pacific Coast Business Times. If you expect to see the commercial real estate markets come rushing back in 2011, you’ll be holding your breath for quite a while. But this year could set the stage for a bright recovery in 2012.
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November 26, 2010
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State Street goes from books to bargains in a flurry of deals
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Santa Barbara losing both Borders and Barnes & Noble
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Marlize van Romburgh, Pacific Coast Business Times. With Black Friday approaching, Santa Barbara’s retail scene is trading its literary aspirations for bargain-priced fashion, signaling a possible new trend in State Street retail.
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November 21, 2010
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Empty storefronts filling up on State Street
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Santa Barbara Retail Viewpoint
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Ray Estrada, News-Press Correspondent. Anyone who put a quarter in the fare slot on a Santa Barbara downtown shuttle in 2008 could not help but notice dozens of empty storefronts, which represented the recession-caused demise of many State Street businesses.
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September 15, 2010
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Tracy Porter opens in La Arcada Mall
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Lease may be harbinger of renewed retailing downtown
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Steve Sinovic, News-Press Staff Writer: One of the nation's top purveyors of home furnishings and decor is nesting on the sunny South Coast.
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September 02, 2010
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Online Education Firm Expands By 57,000 SF
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Lynda.com buys 6410 Cindy Lane
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By Bob Howard, GlobeSt.com: CARPINTERIA, CA-Online software training company Lynda.com has acquired a 57,474- square-foot property at 6410 Cindy Lane from the Salvation Army in its second real estate acquisition in the region, according to Christos Celmayster of Hayes Commercial Group, who represented lynda.com in the transaction. The property includes a 31,553-square-foot office building and a 25,921-square-footwarehouse building on 3.52 acres.
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July 27, 2010
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US Bank Leases Prime Spot on State Street
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Hayes Commercial Brokers Year's Largest Retail Lease
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The Daily Sound: A 5,708-square-foot chunk of vacant State Street real estate will soon be filled with a branch of U.S.Bank, the real estate firm that helped negotiate the lease announced.
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