Deal of the week: CMC Rescue has purchased…
CMC Rescue has purchased a 58,000-square-foot building at 6740 Cortona Drive in Goleta, not far from its current location at 41 Aero Camino. The new location allows CMC to stay in Goleta, where it has manufactured rescue equipment for more than 35 years, evolving from a 1970s garage startup to one of the largest rescue equipment manufacturers in the world.
The company will move to its new location this summer after performing extensive renovations on the property, according to Radius Commercial Real Estate & Investments.
Brad Frohling of Radius represented CMC Rescue in the purchase. Paul Gamberdella, also of Radius, represented the property owner in the deal.
“Our 70 employee-owners are excited to have found the right facility to accommodate our growth right here in Goleta where the company has its roots,” CMC Rescue CEO Rich Phillips said in a news release. The company, which was one of the Pacific Coast Business Times’ Spirit of Small Business award winners last year, is an employee-owned corporation.
Recent News
Noozhawk: Petitions Circulate to Put State Street, Rent Control in Santa Barbara Voters’ Hands
Clipboards and pens in hand, groups looking to challenge two of the Santa Barbara City Council’s biggest decisions this year have hit the… Read more »
News Alert: Santa Barbara City Council Gives Final Approval to Rent Control, 4–3
The Santa Barbara City Council gave final approval to the city’s rent control ordinance on a 4–3 vote at its Tuesday, October… Read more »
Noozhawk: Santa Barbara Council Candidates Discuss Housing Affordability, State Street
Not all Santa Barbara City Council candidates believe that the city shares any responsibility in the housing affordability crisis, a recent candidate forum… Read more »