More food news: A series of soft-openings at Cutler’s Distillery & Public House; Masala Spice has opened on the Mesa; Judge for Yourself Café has closed; Breakwater Restaurant is closed for renovations; croissant loyalty card at Alessia Patisserie & Café; Old Town Coffee opened in Isla Vista; Elubia’s Kitchen is going to open in Isla Vista; Hunt & Gather returns this Saturday; Sade Turkish Coffee in Carpinteria has closed; Trattoria del Sole is sounding very iffy about State Street.
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Last week’s sales also include Tiburon Bay Lane for $20 million; top-of-the-Riviera views; 105 acres in Happy Canyon; Oak Creek Canyon hot potato; X-shaped house in Cielito; 1930 Tudor on the Lower Riviera; and a 1924 Riviera fixer.
On the menu this year: A pair of bagel shops; Aperitivo’s spinoff; two establishments from chef Thomas Keller; beachside dining in Goleta; creative sandwiches; an outpost of Nobu; exciting additions to the Upper Village; major additions to Carpinteria and Ojai; and much 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.
Know where this was shot? Prove it in the comments. (Update: We have a winner!)
Whether you’re looking to buy or sell, Ryan Malmsten of Santa Barbara Brokers can help you navigate this constantly changing market. In the past week, he helped two buyers land properties in prime Montecito, and he’s representing marquee estates on Lilac Drive and in Birnam Wood.
Now offered at improved prices, these properties are rich with character, views, and livability—and they’re all in excellent locations.
Noteworthy new listings also include a 1920 Monterey Colonial near the Upper Village; for-sale-by-owner in Romero Canyon; East Mesa for $4.195 million; fascinating Bungalow Haven compound; 1980 funk in Bel Air Knolls; and more.
Recent Comments
Don’t ignore the opportunity costs of looking for other deals. Not only do you risk losing this deal, there’s no guarantee another deal would be… — LD
Exactly, Christian. Very well said. This project is needed, right now. — Gail
This modest project— the addition of one mile of siding— has the potential to greatly improve the reliability of the Surfliner, and make it more… — Gail
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