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SANTA BARBARA, CALIF. — Recordan Real Estate Development LLC has purchased an approximately 15,000-square-foot hotel building, located at 117-121 State Street in Santa Barbara, from First-Citizens Bank & Trust Co. for an undisclosed amount. Hagelis Group’s Rob Devericks and Prudential California Realty’s Mitch Stark represented the buyer in the foreclosure sale, and Scott Glenn of Radius Group represented the bank.