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Articles Tagged With ‘Real Estate’




SLO battling against room rentals

Written on 15 Aug, 2013 in Daily Briefs, Featured | 64 comments

San Luis Obispo city staff sent cease and desist letters to more than 50 home owners who list rooms in their homes for rent on Airbnb. Airbnb is a popular website where people go to rent rooms in 192 countries... (Continue reading)

Pearce splits from Dalidio project

Written on 14 Aug, 2013 in Daily Briefs, Featured | 13 comments

Problems of an unspecified nature between principals in the planned development of Dalidio Ranch caused Madonna Enterprises’ Clint Pearce to walk from the project, informed sources have told CalCoastNews. Pearce and developer Gary Grossman previously had announced plans for a... (Continue reading)

Gearhart, Hurst investors dug their own hole, says lawyer

Written on 9 Aug, 2013 in Daily Briefs, Featured | 32 comments

An attorney for Cuesta Title suggested to jurors Thursday in a San Luis Obispo courtroom that investors’ greed was partly responsible for alleged fraud committed by former lender Jay Hurst Miller, developer Kelly Gearhart, and title company officials. In a... (Continue reading)

Heritage Lending President’s trial starts in August

Written on 7 Aug, 2013 in Daily Briefs, Featured | 8 comments

Heritage Lending former president Candy Wells’ trial is slated to begin August 27, while her husband has pled no contest. Law enforcement officers arrested Candy Wells and her husband Ronald Wells in March. Candy Wells is accused of fraudulent practices... (Continue reading)

Eight arrested for mortgage fraud

Written on 1 Aug, 2013 in Daily Briefs, Featured | 5 comments

Federal and Ventura County authorities arrested eight people Wednesday for operating a mortgage fraud scheme that made them significant money while causing bank losses of more than $11 million. Investigators with the Ventura County District Attorney’s office discovered that members... (Continue reading)

SoCal house-flipping roaring back

Written on 29 Jul, 2013 in Daily Briefs, Featured | 13 comments

Signaling a potential statewide housing sector recovery, the practice of flipping houses in Southern California has suddenly reached near-record levels, matching the 2005 high. (Los Angeles Times) Flipping of residential units at the peak of the busing bubble was in... (Continue reading)

Arroyo Grande broker vying for Teixeira’s former seat

Written on 26 Jul, 2013 in Daily Briefs, Featured | 12 comments

Arroyo Grande real estate broker Michael Byrd has announced that he is seeking the gubernatorial appointment to the San Luis Obispo County Board of Supervisors. [KCOY] Byrd became the first applicant to formally announce his candidacy to fill the seat... (Continue reading)

Local developers plan to purchase Dalidio Ranch

Written on 22 Jul, 2013 in Daily Briefs, Featured | 12 comments

Clint Pearce of Madonna Enterprises and Gary Grossman of Coastal Community Builders are in escrow to buy Ernie Dalidio’s 131-acre ranch adjacent to Highway 101 near Madonna Road in San Luis Obispo. [Tribune] After battling opponents of his project for... (Continue reading)

Water bankers purchase Paso Robles’ Hardham Ranch

Written on 15 Jul, 2013 in Featured, Uncovered SLO | 48 comments

By DANIEL BLACKBURN One of the nation’s most controversial and wealthiest farm operators has quietly acquired a sprawling 742-acre parcel of prime ranch and agricultural property adjacent to the southeast edge of the Paso Robles city limits — causing some... (Continue reading)

Spencer’s Fresh Market closing Atascadero store

Written on 9 Jul, 2013 in Daily Briefs, Featured | 8 comments

Spencer’s Fresh Markets announced Tuesday it plans to close its store in Atascadero, citing an expiring lease as the reason. “Our lease with NKT Commercial ends Aug. 31,” John Spencer said. “Spencer’s Fresh Markets is currently looking for another location... (Continue reading)