Plus: Unmanned 9,260-square-foot battery array proposed; county Board of Supervisors looking into new vacation-rental regulations; repairs to the San Ysidro Trail’s Psycho Slide; Coastal Cleanup Month starts today.
Plus: Unmanned 9,260-square-foot battery array proposed; county Board of Supervisors looking into new vacation-rental regulations; repairs to the San Ysidro Trail’s Psycho Slide; Coastal Cleanup Month starts today.
The week’s top price reductions also include a peach elephant, Padaro Lane beachfront, 21 acres west of Toro Canyon, a WASP delight, and more.
On five acres next to the Mission, the property has 21 bedrooms, a chapel, a meditation hut, and lush gardens. It’s closing because there aren’t enough monks to staff it.
More food news: Cheeseburgers and fries at Merci; Honey B is baking bagels on Sundays; an impassioned plea to save the Press Room; clever table markers at Satellite; excellent new Bell’s T-shirt; Alisos Canyon is now officially an American Viticultural Area.
Other recent news: Dylan Star boutique is moving to the Funk Zone; surge in county cannabis revenue; profile of musician Zach Gill; Goleta allows businesses to put up shade tents; oil drilling in Los Padres National Forest; the News-Press endorsed Trump again.
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It feels like a cross between Trader Joe’s and Lazy Acres, with the folksiness of the former and the healthfulness of the latter.
Nine noteworthy properties new to market, including a distinctive house on Ortega Ridge, oceanfront properties on Miramar Beach and Padaro Lane, and an Upper East house with a barn.
Other recent news: A long look at the Paseo Nuevo deal; Roger the Scanner Guy is retiring from Edhat; Montecito man sentenced to three years in prison for fraud; state bill to allow subdivision of residential lots stalled; another school-board candidate Q&A.
Recent Comments
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
I think some folks who would consider this is a windfall for Yardi may be overlooking two things: 1)The cost to Yardi to buyout AB's… — StanThompson