Montecito property sells for $13M
Montecito’s Coast Village Road continues to be a hot spot for commercial real estate investment as the Coast Village Plaza recently traded hands for $13 million in off-market deal. The property is home to Giovanni’s, UPS Store, Sequel Salon, DaniBoy, The Tennis Shop, Riviera Smiles, Norvell Bass Cleaners, Richie the Barber and Scoops Gelato, among Read More →
Read More →Caruso pushes forward with scaled-back Miramar plans
Los Angeles real estate magnate Rick Caruso is amending his plans for the multimillion-dollar revival of Miramar Beach Resort & Bungalows in Montecito to include a little more shrinkage. Caruso Affiliated received approval for the hotel in March 2011 after a years-long hearing process in which Seinfeld actress Julia Louis-Dreyfus, a neighbor of the Read More →
Read More →Montecito’s Starbucks center sells for $14.5M
The Starbucks-anchored retail center at 1046 Coast Village Road in Montecito has been sold to a local couple for $14.5 million. Montecito residents Deborah and James Longo purchased the 13,800-square-foot property in an off-market deal, according to Radius Commercial Real Estate & Investments. Along with the coffee shop, the other long-term tenants at the Read More →
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