Perhaps because the market is insane, only a handful of properties have felt the need to reduce their prices this week.
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Plus: New drawings of the new Summerland Elementary School; help beautify the Moullet House; Caltrans plans to remove the Alamo Pintado Creek Pedestrian Bridge; film about woman who swam across the Santa Barbara Channel.
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Other recent news: Front-country trails included in Los Padres National Forest closure; Santa Barbara School Board approves contentious sex-education curriculum; alleged robber caught stuck in traffic; a victory for State Senator Hannah-Beth Jackson at the end of her capitol career; man spotted riding giant guinea pig.
The local real-estate boom is clearly getting noticed—in the past week, 15 noteworthy properties have come online, including a glamorous 1933 Chester Carjola, a sexy midcentury on the Riviera, and a civilized corner in the Upper East.
More food news: Work at the space rumored to be under consideration by Low Pigeon; Barbareño has spun off a takeout pizzeria; a new healthy-meal delivery service; your guide to “living a pizza passionate lifestyle.”
Other recent news: Proposed State Street development gets raves from Planning Commission; earthquake in the Santa Ynez Valley; workspace rentals in Goleta.
The market shows no signs of cooling down: these roundups of the past week’s notable closings tend to include 10 or so properties; this one has 19.
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.
Other recent news: Bacara is trying to close beach access at night; Central Coast throws its hat in the ring for the Space Force headquarters; Pier to Peak race postponed; interviews with two more school-board candidates.
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
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
Very interesting. If Yardi is paying anywhere near $120M + $35M + $5.7M for almost 250k empty square feet, this is going to take a… — NuemanJ