Praelium Sets Local Record With $235-Million Portfolio Acquisition
A massive, 17-building portfolio in Goleta, Calif., has changed hands for $235 million, marking one of the largest property transactions ever recorded in the region. Irvine, Calif.-based Praelium Commercial Real Estate purchased the collection of office, industrial, and research and development (R&D) assets from Majestic Asset Management. This high-profile deal highlights the enduring value of industrial space in Santa Barbara County, particularly as investors continue to prioritize high-quality R&D assets in the area.