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Santa Barabara Commercial Real Estate

Macro Trends Affecting Santa Barbara Real Estate

Macro Trends Affecting Santa Barbara Real Estate
By Rick Longpre on Aug 31, 2016 at 09:36 PM in Santa Barabara Commercial Real Estate, Investing in Commercial Real Estate, Macro Economic News, Santa Barbara Local News

Broad socioeconomic trends, national and global, are having, and will continue to have, significant impacts on U.S. real estate. These impacts are visible everywhere, including right here in Santa Barbara.

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Buy or Rent Real Estate for Your Santa Barbara Business?

Buy or Rent Real Estate for Your Santa Barbara Business?
By Rick Longpre on Apr 12, 2016 at 11:42 PM in Santa Barabara Commercial Real Estate, Investing in Commercial Real Estate

Most Santa Barbara business owners and entrepreneurs have asked themselves whether they should (or could) buy the real estate used for their business. There are valid reasons to do each: renting may be the better solution if you are just starting out, or you need or prefer the flexibility allowed by leasing or you lack the cash down payment or credit required to purchase. But if you have a successful small business, have some investable cash and can envision stability in the mid-to-long term, then you owe it to yourself to complete this analysis.

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Commercial Real Estate Loans - Looming Liquidity Crunch for CMBS Loans

Commercial Real Estate Loans - Looming Liquidity Crunch for CMBS Loans
By Rick Longpre on Apr 05, 2016 at 09:12 PM in Santa Barabara Commercial Real Estate, Investing in Commercial Real Estate

Do you have a commercial real estate loan in Santa Barbara coming due in 2016 or 2017? If so, you should start your planning early, especially if you currently have a CMBS loan and are thinking you will be able to go back to the CMBS market. If you haven’t heard, the CMBS loan market has been in turmoil recently, with widening spreads, dwindling lenders and less competitive terms.

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Santa Barbara Commercial Real Estate - Good Times….Bad Times

Santa Barbara Commercial Real Estate - Good Times….Bad Times
By Rick Longpre on Aug 28, 2015 at 06:01 PM in Santa Barabara Commercial Real Estate, Investing in Commercial Real Estate, Macro Economic News, Santa Barbara Local News

The U.S. economic news and commercial real estate news is, generally, rosy…even when the world political and economic news is not.

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Santa Barbara's Cabrillo Boathouse renovation project awaiting final approval

Santa Barbara's Cabrillo Boathouse renovation project awaiting final approval
By Rick Longpre on Aug 14, 2015 at 03:49 PM in Santa Barabara Commercial Real Estate, Santa Barbara Local News

The Santa Barbara Planning Commission will review renovation plans for the Cabrillo Boathouse and Pavilion on Aug. 20.

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Are We In a Multi-Family Bubble Yet?

By Rick Longpre on Mar 01, 2015 at 02:23 PM in Santa Barabara Commercial Real Estate, Investing in Commercial Real Estate, Macro Economic News

The question of whether we are in a multifamily bubble is one that has recently been on the minds of many real estate investors

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The “Mill” On Haley To Open Soon

By Rick Longpre on Mar 01, 2015 at 02:22 PM in Santa Barabara Commercial Real Estate, Santa Barbara Local News

ew Eastside development will feature a popular restaurant, Municipal Winemakers‘ second Santa Barbara location and a new brewery founded by the grandson of the late Fess Parker.

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Avoid These Common Pitfalls in Commercial Lease (or Purchase) Transactions

Avoid These Common Pitfalls in Commercial Lease (or Purchase) Transactions
By Rick Longpre on Jan 14, 2015 at 02:26 PM in Santa Barabara Commercial Real Estate, Investing in Commercial Real Estate

All too often a business searching for commercial space places a person in charge of the initial search who has:
limited or no experience with real estate
limited or no understanding of the business’s real estate requirements
no authority to act on behalf of the organization.

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Jobless Rate in Santa Barbara County Remains Below 6%

By Rick Longpre on Aug 05, 2014 at 02:30 PM in Santa Barabara Commercial Real Estate, Investing in Commercial Real Estate, Santa Barbara Local News

The unemployment rate in Santa Barbara County was 5.4 percent in June, up from a revised 5 percent in May and below the year-ago estimate of 6.8 percent.

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Santa Barbara’s TOT Revenue Up 23% in January

By Rick Longpre on Mar 17, 2014 at 02:31 PM in Santa Barabara Commercial Real Estate, Macro Economic News, Santa Barbara Local News

The City of Santa Barbara received $991,834 in transient occupancy tax (TOT) for the month of January, which is a 23.8 percent growth over the previous January.

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