Other recent news: Grenade found in garage got blown up in Pershing Park; where Montecito’s name comes from; more on the Randall Road Debris Basin; Cottage Hospital seeks Covid-19 plasma donors; Q&As with school-board candidates Brian Campbell and Elrawd MacLearn.
Inventory new and old continues to get snapped up—often before any reductions are necessary. Here are the nine notable closings from the past week.
The first phase of bike sharing in Santa Barbara calls for 500 docks to be installed along the downtown State Street corridor and on the waterfront. Here’s what they’ll look like and where they’ll likely be.
The week’s top adjustments include a Hedgerow compound now asking $2.55 million more; sweet retreat above Summerland; Tuscan villa in Toro Canyon; stylishly renovated hacienda; weekend retreat walkable to Butterfly Beach; and more.
Plus: New home design gallery in Carpinteria; State Street survey results; appeal of a cannabis farm on the western edge of Carp; debris basin update; city seeks members for City Advisory Groups.
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The Bristol Farms store at La Cumbre is a winner—bigger and less cramped than Whole Foods and Lazy Acres, and way nicer than Gelson’s. Would that it could take the place of the Vons in Montecito….
More food news: The Drunken Crab appears to be leaving its current space; La Sirena at Cabrillo Pavilion isn’t close to ready; Insomnia Cookies opens tomorrow; Wingman Rodeo enthusiasm; The Shop’s charity canteens; local maker of mushroom-based beverages.
Other recent news: Covid-19 spike in Isla Vista; landlords closer to having to pay some tenants “relocation assistance”; two arguments against the rent control proposal; Funk Zone alley closure; Carp rolls back its street closure; Goleta mailbox brouhaha; more.
Seven new listings that offer something for everyone—if you can afford it.
Recent Comments
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
Just realizing I did not address your first point. The buildings on the property have been up for sale, and their value is also depressed… — SBradley
I think that the city's representation of this land as having ‘zero value’ is confusing because it sums together the value of 2 distinct things… — SBradley