Notable closings also include a 1905 estate on East Valley Road, a secretive transaction on Ashley Road, a teardown on 11 acres in the hills above Summerland, and an architectural fever dream.
It’ll serve Mexican food, but different from the original establishment.
Plus: Hendry’s Beach improvements completed; hotel conversion on State Street seeks submissions by local artists and craftspeople; Blue Sands Inn is getting an upgrade; fancy Riven Rock estate back on the market after a $4.25-million price cut; bike-share perks for early adopters.
Noteworthy new listings also include a splendid 1938 Hedgerow hacienda, a grand six-bedroom on one of the Riviera’s best streets, a flip attempt on School House Road, a Campanil fixer with dramatic views, and more.
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“A friend saw these signs today, and they make no sense to us,” wrote PJ. “Mountain bikers only use pedal assist while going uphill—going downhill, without pedal assist, they’re going at the same speed as a friction bike. (Even with pedal assist, you can’t go fast uphill as it’s too steep in Santa Barbara.) Wondering if you know anything….”
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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