Articles Tagged With ‘Real Estate’




SLO tale of falsified documents, code violations and water theft

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 Auction.com, 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)

SLO Laureate School shuttered, no warning to parents

By KAREN VELIE Parents attempting to drop their children off on Wednesday morning at the Laureate School in San Luis Obispo were informed the owners of the school had been evicted and the school was closed. The Laureate School is... (Continue reading)

Judge asks why Cuesta Title was not indicted

By KAREN VELIE During the first day of former North County developer Kelly Gearhart’s sentencing hearing, Gearhart’s attorney attempted to paint his client as a previously honest man whose missteps were a result of the downturn in the market while... (Continue reading)

Kelly Gearhart blames lenders, claims he is a victim

By KAREN VELIE Former North County developer Kelly Gearhart contends that employees of Heritage Oaks Bank and Hurst Financial were primarily responsible for defrauding more than 1,200 investors out of more than $100 million. The prosecution argues that Gearhart lulled... (Continue reading)

Jury awards nearly $1 million more in suit against Cuesta Title

In addition to awarding about $2 million to former MMA champ Chuck Liddell, a San Luis Obispo jury has awarded nearly $1 million to a pair of brothers, who too claimed Cuesta Title Company helped convicted developer Kelly Gearhart defraud... (Continue reading)

Robert’s Restaurant owner ordered to pay $327,000 in restitution

The owner of Robert’s Restaurant and Wine Bar has been ordered to pay approximately $327,000 in restitution for a scheme in which he stole from a 99-year-old woman. [Tribune] Robert Clouston, 51, received the restitution order last week and is... (Continue reading)

SLO jury awards Chuck Liddell nearly $2 million

A San Luis Obispo jury awarded mixed martial arts champion Chuck Liddell approximately $2 million in his lawsuit against Cuesta Title, the company that worked closely with convicted North County developer Kelly Gearhart. Liddell alleged that Cuesta Title helped Gearhart... (Continue reading)

Sex offender files lawsuit against Grover Beach

By KAREN VELIE A registered sex offender filed a federal lawsuit last week against the city of Grover Beach challenging an ordinance that makes it a crime for sex offenders to set up residency in most of the city. The... (Continue reading)