Business as usual

Despite economic uncertainty, local sectors such as real estate, finance and law have been very active in the CRE world. Recent transactions include Thyne Taylor Fox Howard signing a lease for ~3K sf at 205 E. Carrillo St, West Coast Financial signing a lease for ~5K sf at 1435 Anacapa St (pictured at right), NovaLaw signing a lease for ~4K sf at 200 E. Carrillo St, and Keller Williams Realty signing on for ~7K sf at 1505 Chapala St. A handful of other wealth managers, law firms, and mortgage groups are currently looking for larger space to expand. These deals should help out the significant downtown office vacancy in Q2.