Posts Tagged ‘Real Estate’

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Haggen closing its California stores

Haggen 2

Grocery chain Haggen announced Thursday plans to close 127 stores in California, Arizona and Nevada. Employees will receive a 60 day notice of pending store and office closures. Haggen plans to continue operating 37 stores in Oregon and Washington. The... (Continue reading)

Cal Poly begins construction on controversial dorm

calpoly dorm

Cal Poly is expected to break ground this week on a $198 million dormitory that will border a residential neighborhood. The planned dormitory will contain 1,475 beds. It will be built on a lot at the corner of Slack Street... (Continue reading)

SLO Council approves Pemberton brothers’ project

Josh and Jeremy Pemberton, photo by Noozhawk

Twin brothers Jeremy and Joshua Pemberton have gained permission to open a combination bowling alley, restaurant and concert venue in downtown San Luis Obispo, following a city council ruling Tuesday evening. The Pembertons are planning to develop a 24,500 square-foot... (Continue reading)

Robert’s Restaurant owner selling businesses to employees


A San Luis Obispo County restaurant owner who was convicted of stealing from a 99-year-old woman is selling his businesses to his employees. [Tribune] Robert Clouston was ordered in June to pay $327,000 in restitution for a scheme he carried... (Continue reading)

Madonna planning senior retirement community

John Madonna’s plans to fashion his proposed project is fashioned after existing retirement communities.

A San Luis Obispo based developer is planning to build a large-scale retirement community off of Los Osos Valley Road at a cost of approximately $500 million. [Pacific Coast Business Times] John Madonna, the son of late entrepreneur Alex Madonna,... (Continue reading)

Does California have a hotel bubble?

home sales down

Hotel buyers are spending in record fashion in California this year. [OC Register] Buyers spent $4.4 billion on 174 California hotels in the first half of 2015, according to Atlas Hospitality Group of Irvine. That surpassed the annual total spent... (Continue reading)

Starbucks eyeing former Los Osos bank building

Los Osos building

By John Lindt, publisher of Sierra2theSea Los Osos largest shopping center changed hands in July and the new owners hope to “livin up” the center according to Clayton Gambril of family-owned Gambril Development Inc. The Gambrils purchased the center from... (Continue reading)

SLO tale of falsified documents, code violations and water theft

John Belsher and Ryan Petetit

By KAREN VELIE Editor’s note: This is the second in an exclusive series about developers Ryan Petetit and John Belsher, their development projects, their failures to abide by building requirements, legal troubles, and unpaid monies owed to subcontractors and investors.... (Continue reading)

California property sells online for record $96 million


A California office complex has become the most expensive piece of United States real estate ever sold in an online auction, according to, the company that facilitated the transaction. [NBC News] The 309,734 square-foot Manhattan Beach complex sold for... (Continue reading)

Kelly Gearhart appeals guilty plea, sentencing


By KAREN VELIE Former Atascadero developer Kelly Gearhart plead guilty to money laundering and wire fraud, was sentenced to 14 years in federal prison last week, and Monday he filed a notice of appeal. According to the notice, Gearhart plans... (Continue reading)

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