On the menu this year: Aperitivo’s spinoff; two Thomas Keller establishments; an outpost of Nobu; three true farm-to-table restaurants; Basque-inspired food downtown; Mediterranean on De La Guerra Plaza; harborside revamp; three newcomers at the Public Market; two Funk Zone cocktail bars; Mexican seafood; and much more.
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“It looks like the San Ysidro Debris Basin is done. Can you ask an engineer what the point of the three structures is?”
Last week’s sales also include Monterey Colonial off-market; 1961 house near the rear entrance to San Ysidro Ranch; Glen Oaks with remnant of the 1895 Stanford White estate; half of a Sea Meadow duplex; Riviera with curb appeal; 1860 Hedgerow house; West Mesa bluff-front for $5.57 million; 1904 Upper East grande dame; and more.
Plus: More vintage and minimalist leather in the Funk Zone; estate sale pop-ups; Goodwill’s donation center on Milpas has closed; real estate agent promoting negotiable fees; Fred Armisen to play the Lobero; new art gallery downtown; more sloppy road signage.
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Know where this was shot? Prove it in the comments. (Update: We have a winner!)
Noteworthy new listings also include a mystery on E. Mountain Drive; Campanil teardown floops; Brutalism on the back of the Riviera; Diana Lane fixer; and an ocean view priced to move.
Other recent news: The owners of the monstrosity behind the Mission haven’t paid property taxes in two years; Goleta settles with developers of 56-home project next to Glen Annie Golf Course; city adopts sidewalk signage regulations; Highway 101 widening funded; Goleta’s Independence Day drone show; new car wash; Lake Los Carneros footbridge still lacks funding for repair; another Trump administration threat to Los Padres National Forest; the tree of the month.
Would you rather have a Palladian-style residence with ocean views and abundant orchards or a five-bedroom Mediterranean adjacent to 36 acres of protected open space?
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