Santa Barbara Talks: Behind the Deal to Sell Downtown Apartments to UCSB

Santa Barbara Talks: Behind the Deal to Sell Downtown Apartments to UCSB

Developer Peter Lewis cashed out. The prominent, well-connected Santa Barbara developer explains why he sold his 81-unit Soltara Apartments and Staples and Reid’s Appliances buildings to UC Santa Barbara. Lewis is a guest in the latest episode of Santa Barbara Talks with Josh Molina. “I built this under the assumption that I was keeping it,” Lewis said. “I was not intending to build it and them immediately sell it to somebody. Like many things, …