Private Lower Riviera House Sells for $4.79 Million
Last week's sales also include Christopher Lloyd's compound on W. Mountain Drive; off-market floops of an Ennisbrook casita; 1977 three-bedroom near Montecito Union School; upside-down layout in the Lower Village; fire-damaged property above Cathedral Oaks Road; stylish San Roque; and more. 1
Will You Explain the Plan to Adapt the Waterfront for Climate Change?
"The city has just released a long-term (30-year) plan for the waterfront, including Leadbetter Beach, the harbor, and East Beach. Due to an anticipated rise in sea level of up to several feet, plans are now afoot to, among other things, add new breakwaters, move parking to a structure, and add new facilities at the harbor." 9
Recent Comments
I appreciate your earnestness and tenacity and desire for process. I share it. But after 10 years of a huge vacancy, a dying mall, and… — John
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