Pascucci’s Owner Has Plans for a New Restaurant
More food news: Lily's Donuts & Pops has opened at the Public Market; De La Vina Lounge has closed; The Grand on State's food menu; new tasting room on E. Haley Street; pasta is back at Aperitivo; Sandbar reopening date; Carpinteria restaurant closed; Giovanni's Pizza opened in Goleta. 5
Unfinished Montecito Mansion Sells for Just Under $60 Million
Last week's sales also include three big off-market transactions (Winsor Soule compound, Carpinteria oceanfront, and Bella Vista Mediterranean); Summerland’s Montecito Ranch gated community for $9 million off the initial asking price; glam Santa Ynez Valley Tudor for $7 million off the initial ask; contemporary drop-down in Toro Canyon; impressive backyard on the back of TV Hill; and more. 1
The State Street Plan Is Moving Forward
Other recent news: The San Ysidro Ranch finally acknowledged that it has been working on a botanical garden; another candidate for Kristen Sneddon's seat on the city council; the race for county auditor-controller; the return of by-the-wind sailors; Chabad of Santa Barbara's new 7,400-square-foot building approved; SpaceX's lawsuit against the California Coastal Commission was settled; tree of the month. 4
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