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Damian DeSena photo The outside of the home Pacaso purchased at 1627 Rainier Avenue. On Friday, following neighborhood protest, CEO and Napa resident Austin Allison said his company was removing the Rainier Avenue listing from its website and pausing all showings to re-evaluate whether this property is the best fit for their portfolio. Sarah Klearman This is a photograph of Gayle Olsonâs website advertising a yoga retreat at a Pacaso home in east Napa where she is a fractional owner. The offering was taken down following the Registerâs inquiry Many Napans heard the name Pacaso for the first time this week. ....
Many Napans heard the name Pacaso for the first time this week. The real estate startupâs million-dollar purchase of a house in Napaâs Bel Aire neighborhood in early April caught the attention of the propertyâs neighbors, many of whom shared their opposition to Pacasoâs business model during public comment at Napa City Councilâs meeting Tuesday afternoon. âI was like â âyouâre kidding. Come on. On this street? Why would anyone want to live on this street in that sort of format?ââ neighbor Thom Licthenstein, a 26-year resident of the Bel Aire neighborhood, told the Register this week of his reaction to news of the propertyâs purchase by Pacaso. ....
Pacaso, a company specializing in the co-ownership of second homes by multiple parties, sued the City of St. Helena last week amid a dispute over whether the arrangement amounts to ....