Commercial building sales up but retail vacancies growing

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Commercial building sales up but retail vacancies growing

By Joshua Molina / Friday, April 21st, 2017 / Comments Off on Commercial building sales up but retail vacancies growing

Joshua Molina Santa Barbara’s commercial real estate market enjoyed the busiest quarter in three years, with 19 sales totaling $77.7 million in transactions, a 48 percent increase over the first quarter of 2016, according to Hayes Commercial Group. Among the acquisitions was the sale of several floors in the Granada Tower for $8.6 million; the…

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