They gave up their big spread on Padaro Lane and bought back the $32 million flip from earlier this year.
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Other recent news: Professional soccer team to play at UCSB stadium; Santa Barbara Unified School District teachers’ strike tentatively averted; county supervisors wrestle with the cannabis tax mess; Highway 101 construction above Ventura is done; seed money to try and buy Carpinteria Bluffs land slated for development; Santa Cruz Market sold; new hat shop in Carpinteria.
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No disrespect to MESADAD or SBHS 88, but the best vanity license plates are the ones that are a little surprising….
Last week’s sales also include Hedgerow turnkey for $9.3 million; vacant lot off San Ysidro Road; Hope Ranch fixer; Toro Canyon six-bedroom; and more.
Plus: James Perse’s shop at the Montecito Country Mart has closed; “What the Constitution Means to Me” is coming to town; volunteer for the Summer Solstice Celebration; Eric Idle and Aimee Mann at the Lobero Theatre; the Music Academy of the West changed its name back; Soul Care Studio + Sauna is open on Anacapa Street.
The Siteline newsletter is the best way to follow the website. To subscribe, click the link at the bottom of this post. And you can unsubscribe at any time.
Know where this was shot? Prove it in the comments. (Update: We have a winner!)
Noteworthy new listings also include a 20,000-square-foot estate outside Santa Ynez; pair of houses on Pepper Hill; equestrian compound once owned by Jimmy Stewart and Dean Martin; 1950s Arts and Crafts in Cielito; change of heart just above the Westside; 212-acre compound made to look like an Old West town; and more.
More food news: Derf’s Café is going to be open for a couple more weeks; Validation Ale’s second location will be larger than initially reported (and have golf simulators); Pizza Mizza update; more on the plan for the restaurant in The Palms building; confirmation that an L.A. chain is opening in Ojai; profiles of Yetz’s Bagels, Dang Burger, and Get Hooked Seafood.
Burning Questions
- Why Are the Railroad Tracks Being Expanded Along Padaro Lane?
- Will You Explain the Plan to Adapt the Waterfront for Climate Change?
- Why Did the Rosewood Miramar Beach Install Gates?
- How Long Will This Big Pipe Be at East Beach?
- Is Cabrillo Boulevard Going to Be Widened Under Highway 101?
- Was There a Fisherman Inn in Downtown Santa Barbara?
- What Are Those Old Buildings at the Corner of Castillo and Montecito Streets?
Recent Comments
I appreciate your earnestness and tenacity and desire for process. I share it. But after 10 years of a huge vacancy, a dying mall, and… — John
Don’t ignore the opportunity costs of looking for other deals. Not only do you risk losing this deal, there’s no guarantee another deal would be… — LD
Exactly, Christian. Very well said. This project is needed, right now. — Gail
This modest project— the addition of one mile of siding— has the potential to greatly improve the reliability of the Surfliner, and make it more… — Gail
Bottom line: there is an established process for these types of transactions that is designed to make sure the community residents get the best deal… — SBradley
I think development is just such a different animal. I've worked a little bit with very experienced developers. People who ONLY do RE development. They… — John
John: I think we should keep in mind that Yardi is a software company that sells software *and data* for *real estate property management*. The… — SBradley
Though Yardi is a commercial software developer, real development is much riskier. That business has moats, history, customer lock in and competitive advantages. Redevelopment and… — John
You should remember that where you're sitting right now used to be a tree, a field, or open land at some point. You benefit every… — Tony Machado
It is kind of complex to tease out who bears the risks and benefits in these projects that have public and private parties involved. I… — SBradley