Plus: The mania for Montecito real estate is creeping up past the $6 million level; William Laman sale; more info on Bird Island off the Goleta coast; campground update from the Los Padres Forest Association.
Plus: The mania for Montecito real estate is creeping up past the $6 million level; William Laman sale; more info on Bird Island off the Goleta coast; campground update from the Los Padres Forest Association.
The week’s other top price reductions: Spiffy beachfront a few doors down from the Miramar; hot mess in Campanil; Upper East passion project/money pit; spec reno in the Hedgerow; Coyote Road hovel.
Other recent news: The pedestrian-only section of State Street is a winner, but should more people be wearing masks?; California issued a statewide order requiring masks; Goleta keeps open the option of raising its sales tax; Santa Barbara community development director resigns.
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Recent Comments
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
I'm unclear how bike lanes are related to maga. For that matter please explain how freeways and rail lines are remotely maga in a state… — Bettye Jones
Worth knowing about the Paseo Nuevo deal: the city is skipping the required competitive bidding process for this public land transfer by using the state-approved… — SBradley
This write up is such a biased take that sides with a handful of people. I imagine the people groaning about this project have a… — Yesenia G.