Plus: Price cut for a pretty Upper East house; improvements in the works for El Capitan Beach; Pura Luna Apothecary’s new shop is open; a delightful visit to Idyll Mercantile.
Plus: Price cut for a pretty Upper East house; improvements in the works for El Capitan Beach; Pura Luna Apothecary’s new shop is open; a delightful visit to Idyll Mercantile.
The plan for De La Guerra Plaza has much to like—the removal of car traffic and parking, the airiness, the dining area—but there are also some reasons for concern.
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Other notable sales this week: a one-day flip on Middle Road, a pink villa atop Hidden Valley Lane, a fast closing for over ask in central Montecito, a spec new-build on the market for two years, a bunch of fixers, and more.
Other noteworthy new listings include one of Lutah Maria Riggs’s less remarkable works; a big, blah Mediterranean asking $9.5 million; a preppy dream in Birnam Wood; an apartment just past the Miramar resort; and more.
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