Like most of us, David Medina has ordered more pickup and delivery in the last few months than ever before—usually with disappointing results. So for Better Burrito, his new company specializing in breakfast burritos, he designed the experience around delivery.
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Plus: Coral Casino is renovating various parts of the complex; the latest glimpse of the Pepper Hill lair-in-progress; join Ojai Raptor Center for a bird release; Ambiance is gone; a “tennis kiosk” on San Ysidro Lane; auction signs.
The Montecito home of George Owen Knapp is being offered for $5.35 million. At one acre, it’s but a crumb of the original 70-acre estate known as Arcady. Still, the 1905 Italianate house provides a glimpse of how life used to be.
Other recent news: Fifteen-foot shark spotted off the Santa Barbara Harbor; San Marcos High School student making change happen; continued push for the Chumash Heritage National Marine Sanctuary; the man behind Montecito’s beautiful memorial benches.
Everytable, a chain that charges less in food deserts than in affluent areas, has chosen Santa Barbara for its first outpost outside of L.A.
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.
The market is still moving: here are 11 closings from the past week, from under $2 million to over $7 million.
The week’s other top price adjustments: Stylish spec renovation back online at a higher price; Mesa villa awaiting an upgrade; Pepper Hill beast; 1937 house with a tiki bar.
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