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Articles Tagged With ‘Developer’s’




AG city council takes up Foods 4 Less debate

Written on 5 Nov, 2010 in Daily Briefs | 17 comments

The Arroyo Grande City Council meets Tuesday night to decide whether to allow a giant Food 4 Less grocery store to be built on Grand Avenue–across the street from Spencer’s and just down the block from Von’s. The store, being... (Continue reading)

CalCoastNews’ top stories of 2009

Written on 1 Jan, 2010 in Uncovered SLO | 8 comments

From government employees abusing the public trust to lending schemes that devastating investors, CalCoastNews readers were the first to get the news about many of the prominent local events of 2009. Lending schemes devastate investors In March, we broke the news that... (Continue reading)

Hurst’s Miller alleges Shores brothers defrauded investors

Written on 6 Apr, 2009 in Uncovered SLO | 6 comments

By KAREN VELIE Prominent North County developer Jimmie Shores says he doesn’t have to repay a $700,000 hard-money loan because his brother, Ronnie Shores, stole the money, while Hurst Financial President Jay Miller, maintains the Shores are trying to defraud investors. “I... (Continue reading)

Heritage Oaks Bank versus the investors

Written on 4 Apr, 2009 in Uncovered SLO | 2 comments

By KAREN VELIE and DANIEL BLACKBURN Heritage Oaks Bank is battling with Estate Financial Inc. and Hurst Financial investors over first place in the quest for financial compensation. Attorneys for the bank are chasing first position in the pursuit for assets of... (Continue reading)

UPDATE: Unmasking Dalido’s mysterious foe

Written on 18 Mar, 2009 in Uncovered SLO | One comment

By KAREN VELIE Centervest, the group that contracted to take the torch from Ernie Dalidio and propel his proposed development through the system, has backed out, reportedly because of the economic downswing. Meanwhile, Dalido’s team continues attempts to unmask their mysterious... (Continue reading)

Copeland grip on downtown SLO nightmare for some

Written on 11 Mar, 2009 in Uncovered SLO | 3 comments

By DANIEL BLACKBURN There are nicknames aplenty for the city of San Luis Obispo, and many have a commonality, the name Copeland: “Copelandville,” “Copelandburg,” “Copeland Kingdom,” and of course, “Cope-Land, ” to list but a few. References to the Copeland family, and... (Continue reading)

Hertel and Fowler caught up in yet another scandal

Written on 5 Mar, 2009 in Uncovered SLO | 4 comments

By THE EDITORS Securities and Exchange Commission investigators are probing California Assemblywoman Diane Harkey (R-Orange County), her husband Dan, and his hard-money lending company, Point Center Financial, regarding the Harkey’s relationship with R.W. Hertel and Sons. The investigation is said to focus... (Continue reading)

Gearhart files bankruptcy

Written on 12 Feb, 2009 in Uncovered SLO | 2 comments

By KAREN VELIE Kelly Gearhart, a North County developer with ties to hard money lender Hurst Financial, has filed for Chapter 7 bankruptcy protection in Ohio. Gearhart and his wife, Tamara Lowe, filed the bankruptcy petition on Wednesday, stating $6.5 million in... (Continue reading)

DUMPSTER CHRONICLES: Web of deceit

Written on 22 Dec, 2008 in Uncovered SLO | 8 comments

(EDITORS‘ NOTE: For months, a concerned investor sifted through Hurst Financial Inc.’s trash, tirelessly collecting eight bags of “Post-it” notes, hand-written letters, and typed documents from the imploding lending company. The investor then shared that trash with us. Part I... (Continue reading)

Santa Margarita Ranch property on auction block

Written on 8 Dec, 2008 in Uncovered SLO | 5 comments

By KAREN VELIE A thousand-acre parcel of the controversial Santa Margarita Ranch, owned by developer Ronald Hertel, is in default and will be sold at auction December 30. Also on the block, this one slated for December 22, is a Pismo Beach... (Continue reading)