A 47,000-square-foot property in Santa Barbara that music equipment maker Sonos leases for its world research and development headquarters has been sold for a reported $17.2 million after being listed for $21.5 million.
After several false starts over the years, the Fess Parker family is moving forward with revised plans for its second waterfront hotel in Santa Barbara, one of a few hotel developments in the city that could see progress in the New Year.
By Marlize van Romburgh / Friday, November 30th, 2012 / Columns, Real Estate / Comments Off on With new owners, Chapala One and La Entrada look to finish line
Rosenfeld’s $30 million bet on downtown Santa Barbara seems to count on three things.
With the purchase of the storied Chapala One luxury condominiums in downtown Santa Barbara, Los Angeles developer Michael Rosenfeld has placed a bet of an estimated $30 million on the future of the city’s waterfront neighborhood. Rosenfeld’s Los Angeles-based Woodridge Capital Partners purchased the mixed-use condo project at the corner of Chapala and Gutierrez streets in Read More →
By Staff Report / Thursday, September 27th, 2012 / Latest news / Comments Off on Commission approves La Entrada changes
Plans for La Entrada, the long-awaited hotel and condominium project on lower State Street, took another step forward Sept. 26 as Santa Barbara’s Historic Landmarks Commission approved changes to the 123-unit development’s design. The commission gave the hotel’s developer, 35 State Street Hotel Partners, the go-ahead to alter plans for sidewalk and street-lighting designs adjacent Read More →
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A year after 35 State Street Hotel Partners took over the long-dormant La Entrada project on the waterfront end of Santa Barbara’s State Street, plans to jolt the hotel back to life are right on schedule. The hotel partnership, led by Michael Rosenfeld of Los Angeles-based investment and development company Next Century Associates, bought the Read More →
