$40 million apartment complex being built on upper State Street
Construction on a $40 million apartment development has begun on upper State Street, according to Los Angeles-based real estate investment company The Kor Group. The 89-unit complex at 3885 State St. will include one-, two- and three-bedroom residences ranging from 613 to 990 square feet. The Marc will feature onsite retail on the ground floor Read More →
La Entrada will connect beach, lower State Street
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Santa Barbara incubator gets ready to make an impact
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Santa Barbara’s Saks building sells for $15 million
The Saks OFF 5TH building in downtown Santa Barbara was sold to a private out-of-the-area investor for more than $15 million, Lee & Associates recently announced. The nearly 47,000-square-foot property at the corner of State and Carrillo streets represents a continuing trend of discount retailers snatching up valuable downtown space. Saks Fifth Avenue had been Read More →
Even Kanye isn’t sure about $100M for Neverland Ranch
The latest rumor to moonwalk around the blogosphere is that rapper Kanye West is interested in buying Michael Jackson’s former Neverland estate — but for nowhere near the asking price. Colony Capital, the Santa Monica-based firm headed by real estate mogul Tom Barrack, is trying to sell the late pop star’s notorious estate for $100 Read More →
