SANTA BARBARA, CA-The historic El Encanto hotel in this oceanside city is being renovated with $45 million in financing arranged by Los Angeles-based Sonnenblich-Eichner. The owner of the 92-room hotel, originally built in the 1920s, is Orient-Express Hotels Ltd. The hotel is expected to reopen in late 2012.
SALES
BALDWIN PARK, CA-GDA Cos. paid $9.7 million for Baldwin Park Town Center, a 24,605-square-foot retail center. Matthew Mousavi and Nicholas Coo of Farris Lee Investments represented both the buyer and seller.
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