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Mystery Buyer Heads North

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Everyone has seen local developers head to some odd places lately to buy property, but who wants to figure out who this is? Via the Pacific Coast Business Times: "A Los Angeles-based developer purchased the 1.8-acre parcel of land at 535 E. Montecito St. — the largest unimproved site in downtown Santa Barbara — on Sept. 19." Only the LLC is named and a very large residential project is planned, according to the paper. [PCBT]