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Madonna plans $500 million development in SLO

By   /  Friday, August 21st, 2015  /  Central Coast, Latest news, Real Estate, Top Stories  /  Comments Off on Madonna plans $500 million development in SLO

John Madonna plans to transform 111 acres in San Luis Obispo into a $500 million mixed-use project that caters to the city’s aging population. The proposed Froom Ranch project includes a continuing care retirement community (CCRC) that offers 350 residential units for seniors, 150,000-350,000 square feet of commercial retailers for its residents, 200 apartments and Read More →

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High-end grocers consider leasing downtown Santa Barbara space

By   /  Friday, August 21st, 2015  /  Columns, Real Estate  /  Comments Off on High-end grocers consider leasing downtown Santa Barbara space

Several high-end specialty grocers are interested in a 3-acre lot in downtown Santa Barbara. The space at 301 E. Yanonali St., where StoneYard Building Materials currently operates, is available for lease, Pamela Scott told the Business Times. Scott is an agent at the Santa Barbara-based commercial real estate company Lee & Associates. The proposed project Read More →

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Cabrillo Boathouse renovation project awaiting final approval

By   /  Friday, August 14th, 2015  /  Columns, Latest news, Real Estate, Top Stories  /  Comments Off on Cabrillo Boathouse renovation project awaiting final approval

The Santa Barbara Planning Commission will review renovation plans for the Cabrillo Boathouse and Pavilion on Aug. 20. The city-owned historic landmark at 1118 E. Cabrillo Blvd. has hosted many community programs since its 1926 inception, predominantly on its second floor that overlooks East Beach. The city plans to address failing building systems, which include Read More →

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Goleta nonprofit Direct Relief moving forward with building

By   /  Friday, August 7th, 2015  /  Columns, Nonprofits, Real Estate  /  Comments Off on Goleta nonprofit Direct Relief moving forward with building

Goleta-based nonprofit Direct Relief is one step closer to building a new 155,000-square-foot facility by the Santa Barbara Airport where it could produce and distribute humanitarian aid, medicine and other vital supplies to impoverished and disaster-stricken communities around the world. The Santa Barbara Architectural Board of Review continued the project after its first concept review Read More →

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Oriental rug store may be razed for 4-story mixed-use project

By   /  Friday, July 31st, 2015  /  Columns, Real Estate  /  Comments Off on Oriental rug store may be razed for 4-story mixed-use project

The owners of Aga John Oriental Rugs want to demolish the company’s Santa Barbara retail store to make way for a new four-story mixed-use development. Located at 15 S. Hope St., just across from the La Cumbre Mall, the property was purchase by Aga John in 2005 from Wye Road Properties for $4.1 million. The Read More →

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Minus a plus for South Coast organization advocating workforce housing

By   /  Friday, July 24th, 2015  /  Columns, Latest news, Real Estate, South Coast  /  Comments Off on Minus a plus for South Coast organization advocating workforce housing

Craig Minus was recently elected president of the Coastal Housing Coalition Board of Directors as the organization marks a decade of advocating and creating opportunities to increase workforce housing on the South Coast. The appointment comes at a critical juncture as the supply of workforce housing has significantly decreased in the past several years, according Read More →

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SB real estate firm goes on $74M deal-making spree

By   /  Friday, July 17th, 2015  /  Columns, Real Estate  /  Comments Off on SB real estate firm goes on $74M deal-making spree

The Paskin Group, a Santa Barbara-based real estate outfit, announced recently that it closed its fourth deal in 12 months, acquiring a total of $74 million in assets during the period. Paskin’s portfolio, which consists of both commercial and multifamily residential properties, has expanded to 1.5 million square feet as a result of the deals. Read More →

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