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Target Submits Preliminary Proposal to Take Over Kmart’s Goleta Location

Plans call for remodeling existing building along with adjacent retail space; Santa Barbara small store still in works.​ Target has submitted a preliminary application to the city of Goleta to takeover and remodel the building now housing Kmart near the corner of Storke Road and Hollister Avenue. Last week, the Minneapolis-based company submitted a dozen pages that outlined a general plan to move into the Kmart building. The city of Goleta will evaluate the proposal and get back to the company. The documents submitted to the Goleta Planning Department show plans for a redesign of the Storke Plaza Retail Center, with Target as the anchor tenant and a new sign and facade program for the nearby

U.S. house prices to rise at twice the speed of inflation and pay: Reuters poll

An acute shortage of affordable homes in the United States will continue over the coming year, according to a majority of property market analysts polled by Reuters, driving prices up faster than inflation and wage growth. After losing over a third of their value a decade ago, which led to the financial crisis and a deep recession, U.S. house prices have regained those losses - led by a robust labor market that has fueled a pickup in economic activity and housing demand. But supply has not been able to keep up with rising demand, making homeownership less affordable. Annual average earnings growth has remained below 3 percent even as house price rises have averaged more than 5 percent over t

1436 State Street, Santa Barbara  CA 93101

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All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdraw without notice. This is not intended to solicit property already listed.​

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