Thank goodness for homeowners’ quirks—looking at real estate would be a lot less fun without them.
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Everything is getting bought—even properties that have been for sale for years. Here are the 11 notable closings of the past week.
Other recent news: The county discovered 28 more Covid-19 deaths; four Presidio buildings are getting fixed up; resident vs. Milpas CVS store; school district and teachers come to an agreement; county probation supervisor allegedly embezzled $600,000; the proposed Montecito Sanitary District building.
Plus: The route for the Fiesta car parade; Paseo Nuevo seeks pop-ups for empty stores, including the former L’Occitane one; proposed new five-story, 31,000-square-foot building on W. Anapamu; UCLA Health clinic on Coast Village Road; new Shoreline Drive house in the works.
The week’s top price adjustments include a George Washington Smith Tudor, Riviera villas in need of renovation and not, half a historic duplex on E. Canon Perdido, and more.
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.
More food news: Special Italian dinner at Satellite; Red Pepper Chinese restaurant in Goleta has reopened; Dutch Garden looks like it might be coming back from the dead; Tino’s Italian Grocery is back; in praise of Better Burrito; a profile of SB Paella Catering.
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
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
No idea whether this is a good deal for Yardi or not. Paseo Nuevo has been available for sale since 2020 with no buyers -… — NuemanJ
I wish this same logic worked for Thrifty ice cream! According to the BLS inflation calculator, something that cost 5 cents in 1970 should cost… — Doug B