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NewsFeb 20, 20260 views

SoCal Apartments Set for Conversion to Affordable After $75M Sale

Residential activity is picking up pace in Santa Barbara County alongside a recent influx of tech and aerospace investment. Local developer The Towbes Group has traded Hancock Terrace, a 272-unit multifamily complex in Santa Maria, Calif., for $75 million. Housing nonprofit Step Up Housing, together

Source: Commercial Observer

Residential activity is picking up pace in Santa Barbara County alongside a recent influx of tech and aerospace investment. Local developer The Towbes Group has traded Hancock Terrace, a 272-unit multifamily complex in Santa Maria, Calif., for $75 million. Housing nonprofit Step Up Housing, together with Sack Capital Partners and Align Financing Partners, purchased the […]

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