Pacific Coast Business Times: Marijuana industry boosts demand for tri-county industrial space

Santa Barbara, California – Published 11/16/2018
By Annabelle Blair

Demand is growing in Santa Barbara County for industrial spaces and especially facilities for the burgeoning marijuana industry.

Industrial space rates are up, almost neck-in-neck with office space rates, in an interesting twist for the commercial real estate market, reported the Radius Commercial Real Estate team at the 2019 Real Estate and Economic Forecast in Santa Barbara on Nov. 13.

Continue reading


News-Press: Economist: No repeat of 2008 recession

Santa Barbara, California – Published 11/14/2018
By Ted Mills

Featured speaker at the 11th Annual Radius Real Estate and Economic Forecast include featured economist Christopher Thornberg (top). Other speakers included Steve Golis, Gene Deering and Brad Frohling.

 
The things we should be worried about are not the same as things we are worried about. That was the grand takeaway from keynote speaker Christopher Thornberg, Ph.D.’s presentation at the 11th annual Radius Real Estate & Economic Forecast, a gathering of over 400 business owners, investors, landlords, tenants and community leaders at the Hilton Santa Barbara Tuesday morning.

Both political parties were to blame as well as the media, the economist said, creating a climate of anxiety and panic that did not reflect the big picture especially when it came to numerous economic statistics. Close-ups of charts can make market drops look dramatic, while zooming out (which he did often in his PowerPoint presentation) shows regular fluctuations. Another example he used was the hit that soybean farmers took due to China’s retaliation against President Trump’s trade war—a loss, but not as dramatic once you factored in how small a role soybeans play in America’s agricultural trade.

The big question Dr. Thornberg tackled was when and if a new recession is right around the corner. He was one of the few economists to see the Great Recession coming in 2008 as early as 2006, but in short he doesn’t see a replay like that happening anytime soon.

Continue reading


Noozhawk: Radius Experts Dig into South Coast Commercial Real Estate Trends at Annual Forecast Event

Santa Barbara, California – Published 11/13/2018
By Brooke Holland

Speakers at the Radius Real Estate and Economic Forecast event Tuesday, including Christopher Thornberg of Beacon Economics, talk about Santa Barbara South Coast trends. (Brooke Holland / Noozhawk photo)

Speakers make note of commercial real estate hotspots like Santa Barbara’s Funk Zone and upper De la Vina Street, and ongoing demand for industrial space on the South Coast

Millennial real estate trends and breakdowns of commercial real estate for the Santa Barbara County South Coast were among the themes at the 11th annual Radius Real Estate & Economic Forecast Tuesday morning.

The gathering, presented by Radius Commercial Real Estate & Investments and multiple other co-sponsors, featured commercial real estate expert speakers, as well as insights and takeaways from a renowned economist.

The real estate industry is starting to take note of millennials (the generation commonly defined as those currently between the ages of 22 and 37), said Gene Deering, senior vice president of Radius Commercial Real Estate & Investments.

Continue reading


Pacific Coast Business Times: Marijuana market boosts industrial space demand in Santa Barbara County

Santa Barbara, California – Published 11/13/2018
By Annabelle Blair

Demand is growing in Santa Barbara County for industrial spaces and especially facilities for the burgeoning marijuana market.

Industrial space rates are up, almost neck-in-neck with office space rates, an interesting twist for the commercial real estate market, reported the Radius Commercial Real Estate team at the 2019 Real Estate and Economic Forecast in Santa Barbara on Nov. 13.

Continue reading


News-Press: Panelists examine how to fix State Street vacancies

Santa Barbara, California – Published 9/6/2018
By Mitchell White
Panelists examine how to fix State Street vacancies

 

With more than 30 vacant retail storefronts scattered throughout the heart of downtown Santa Barbara, it’s apparent that a change is needed.

Whether it’s the Macy’s that has been closed the last several years, or the multiple empty spots in the 400 and 700 blocks of State Street — locals are finally saying enough is enough.

More than 268,000 square feet of retail space was on the active market in 2017. This year there remains over 237,000 square feet of space on the market, Gene Deering, senior vice president of Radius Commercial Real Estate Group said during a panel discussion Wednesday in the Reagan Room of the Hilton Santa Barbara Beach Front Resort.

Continue reading