CLOSING DOORS
After 37 years, Paradise Cafe has closed for good, and Acme Hospitality is working on a new concept for the space.
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WELCOME BACK
C’est Cheese’s founders are opening a new cheese shop in the same space, with most of the same staff.
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JUST LISTED
The new listings keep coming…. Notable ones this week include one of the nicer houses in Bel Air Knolls, 2.9 acres in Ennisbrook, yet another house on School House Road, and a bunch that haven’t changed hands in decades.
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FOOD STUFF
••• Mony’s is making breakfast burritos under the Mamacita’s brand.
••• The Bucket Brigade wants you to grow produce for the needy.
••• Caruso’s and Malibu Farm now only take phone reservations.
••• Tamales at Draughtsmen Aleworks.
••• Mesa Pizza vs. Grubhub.
••• Backstage Kitchen & Bar has opened on State Street.
→ Read the post.
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WEATHER FORECAST
“We’ll be enjoying summer-like weather though the weekend, with a mini heat wave to follow,” says Jack Martin of Action Roofing. Email [email protected] to receive daily updates.
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NEWS ROUNDUP
••• Santa Barbara County is inching closer to the red tier.
••• The state has allowed nail salons to open.
••• Isla Vista landlords cracking down on partying.
••• East Beach construction.
••• Writer found dead in Mission Creek.
••• Local couple celebrates 80th wedding anniversary.
••• New county guidelines for measuring traffic impact.
••• Goleta mayoral candidates.
→ Read the post.
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PRICE CUTS
The week’s top price reductions: a tough nut to crack on Park Lane; a Montecito castle, complete with crenellated tower; one of the weirder floor plans you’ll see; 41-acre Condor Canyon ranch; and more.
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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