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Statistically, first quarters tend to produce the fewest sales of the year. However 2016 got off to a solid start with 24 commercial sales during the first three months. To put it into perspective, first quarters over the past 18 years have averaged just 15 sales.
Furthermore, the 24 commercial deals closed during Q1 2016 represents the most prolific first quarter since 2011…
Leasing Summary
As predicted, Santa Barbara’s office vacancy remained flat at 3.6% at the end of the first quarter of 2016, still below the 16-year average of 4.7% vacancy…
Recent News
Santa Barbara Independent: CommUnify Purchases Former Grace Lutheran Preschool Building in Santa Maria to Expand Child Care Services in North County
Press releases are posted on Independent.com as a free community service. CommUnify and its Board of Directors are pleased to announce… Read more »
Santa Barbara Independent: Santa Barbara Rent Control—What the Rent Freeze and the 2027 Ordinance Mean for Multifamily Owners
On July 28, the Santa Barbara City Council returned to its permanent rent stabilization ordinance — its first session on the subject… Read more »
News Alert: Monte Vista Townhomes Sells for $12.325M in Ventura’s Largest Commercial Real Estate Sale of 2026
Radius Commercial Real Estate closed the sale of Monte Vista Townhomes, a 52-unit multifamily community at 10965–10997 Del Norte Street in… Read more »