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Quantum computing hub in Santa Barbara draws commercial real estate investment
Colliers brokered the March recapitalization and sale of a 733,000-square-foot tech park portfolio in Goleta for $235 million to Praelium.
A new quantum computing industry hub is taking shape along the California coast between Silicon Valley and Southern California, with early-stage research and rapid expansion centered around the University of California-Santa Barbara, according to Commercial Observer.
The publication says the momentum is already spilling into commercial real estate, as landlords and investors position themselves around the specialized quantum sector in Santa Barbara and neighboring Goleta.
Commercial Observer reports that in March, Colliers brokered a recapitalization and sale of a 733,000-square-foot tech park portfolio in Goleta to Irvine-based investment firm Praelium, with a stated price of $235 million.
The story ties the commercial activity to the region’s draw for top tech companies and employers, noting that forecasts for eventual economic effects have helped drive investor interest.