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KEYT: Commercial Real Estate Is Selling Depsite Sluggish Economy

July 11, 2010

KEYT: Commercial Real Estate Is Selling Depsite Sluggish Economy

Santa Barbara, California – Published 7/11/2010
KEYT
Story By Doug Kriegel, KEY News Reporter

Some of the most well known landmark properties in Santa Barbara have been sold. This despite a soft market and an economy that is still trying to recover.

The Big Yellow House built in the 1890’s is perhaps the most famous landmark property in Santa Barbara County. It became a foreclosure after numerous restaurant businesses failed here. Now it’s been sold and it’s dining days are over.

Another trophy location property that just sold is Hotel State Street. Just a couple of blocks from the ocean on State Street, this eighty year old hotel fell out of favor with visitors because it has more than fifty rooms, but only six bathrooms.

KEY News Reporter Doug Kriegel has the story.  (Click to view full story)

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