Big Commercial Real Estate Sales News

This building on the first block of West Figueroa Street has been sold.

While State Street prepares for more pop-ups, surrounding areas are hopping, according to commercial real estate broker Natalie Wagner’s September newsletter.

“In the Funk Zone, 32 Anacapa St. (think, Corks n’ Crowns) just hit the market for a cool $1,142 per square foot, and 2700 De La Vina St., a mixed-use retail (formerly Our Daily Bread) office building is for sale at $2.995 million.” Wagner wrote. “Downtown, the PIP printing and marketing services building at 30 W. Figueroa St. has sold.”

Wagner also wrote, “On Cota Street’s ‘restaurant row,’ 18 E. Cota St. (previous home of Cafe Luck and The Pan) is now The Middle Child, and Mezza Thyme has popped up next door at the old Blue Agave location at 20 E. Cota St.”

In an area many have been calling the “Lagoon District,” Wagner wrote, “Crush Tasting Room opened at 432-A E. Haley St., offering delicious bites and ‘wines you don’t know, but would love.” Frequency Wine Co. is also open at 831 Santa Barbara St., which used to be a part of the C’est Cheese space, she wrote.

Wagner also noted that last month, the Santa Barbara City Council voted to hire a consultant and form a subcommittee to implement a comprehensive plan going forward. “This would include a streamlined permit process for new businesses opening downtown,” Wagner wrote.

However, when asked this month about the hiring of a State Street business consultant, Mayor Cathy Murillo said that had not been accomplished so far. The issue also was not on the agenda for the council’s latest meeting.

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