Articles Tagged With ‘Real Estate’




Developer wins restraining order against Pismo Beach

A San Luis Obispo judge has ordered the city of Pismo Beach to turn a Shell Beach developer’s utilities back on amid a legal dispute between the city and the property owner. [KCOY] Mike Spangler is trying to develop the... (Continue reading)

Former Atascadero lender sentenced to 7 years

By KAREN VELIE Former Hurst Financial principal James Miller was sentenced to seven years in federal prison on Monday for misappropriating millions of dollars that victims invested in Central Coast real estate projects and for helping developer Kelly Gearhart defraud... (Continue reading)

Haggen closing its California stores

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

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

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)

Haggen files for bankruptcy

Grocery chain Haggen has filed for bankrupty following a troubled expansion into new locations, including the Central Coast. The Washington-based supermarket chain filed Tuesday for Chapter 11 bankruptcy protection. Chapter 11 bankruptcy would allow the company to reorganize its business... (Continue reading)

Madonna planning senior retirement community

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?

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

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)