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By Marlize van Romburgh / Friday, October 29th, 2010 / Real Estate, Top Stories / Comments Off on Hertel partner files $128M bankruptcy
Almost two years after Ventura-based developer R.W. Hertel & Sons was forced into bankruptcy by its creditors, one partner is left holding the bag. Bob Fowler filed one of the largest personal bankruptcies in tri-county history on Sept. 26, listing $127.6 million in debts. Of those liabilities, $105.6 million are personal guarantees Fowler made on Read More →
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By Marlize van Romburgh / Monday, October 25th, 2010 / Real Estate, Top Stories, Tri-County Economy / Comments Off on Foreclosure freeze won
As the nation’s largest home lenders continue their self-imposed foreclosure freezes, economists in the tri-county region say the residential real estate market’s search for the bottom is being delayed. The Tri-Counties had more than 1,200 homes in foreclosure at the end of the second quarter, according to information from research firm DataQuick. That’s up more Read More →
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By Marlize van Romburgh / Monday, October 25th, 2010 / Columns, Real Estate, Small Business / Comments Off on SBA-backed deals are propping up commercial real estate market
Small businesses are starting to look like the heroes in the commercial real estate market’s turnaround tale. Businesses buying property for their own use, also known as owner-users, have fueled a number of deals in the Tri-Counties recently, many of them aided by financing through U.S. Small Business Administration lending programs. In Oxnard, Industrial Park Read More →
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By Marlize van Romburgh / Monday, October 18th, 2010 / Features, Real Estate, Tri-County Economy / Comments Off on Downtown’s starring role: Atascadero will get new movie theater, retail center
Atascadero’s small-town days may be numbered. The city of 28,000 people has several large developments in the pipeline, including its $13 million Colony Square project, which would bring 14,000 square feet of retail space and 10 movie screens to the currently theater-less city. Plans for a 130,000-square-foot Wal-Mart are about halfway through the environmental review Read More →
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By Marlize van Romburgh / Monday, October 18th, 2010 / Columns, Real Estate / Comments Off on A new addition to Santa Barbara’s courthouse corridor
As one of the only ground-up buildings to be constructed in Santa Barbara’s downtown core in years, the new law office complex at 1100 Santa Barbara St. is something of an anomaly. Also rare is the $1.3 million price tag and eight-month construction time line — the 6,000-square-foot project was under budget and ahead of Read More →
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By Staff Report / Monday, October 11th, 2010 / Latest news, Real Estate / Comments Off on Harmony landowners sue Coastal Commission
A family that owns property along the coast of northern San Luis Obispo County has sued the California Coastal Commission over its decision in August to require public access to a mile-long stretch of coastline. The family trust — led by sisters Denise McLaughlan, Sharyn Schrick, and Sandra Bowman — owns 400 acres near the Read More →
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By Pacific Coast Business Times Staff / Monday, October 11th, 2010 / Columns, Nonprofits, Real Estate / Comments Off on Nonprofit seizes opportunity to turn hassle into new facility
Question: The city wants to extend a road through your property, right through a corner where several key buildings are located. What do you do? (a) Put up a fight. (b) Sell the city the land, and use the proceeds as seed money to build a new facility on your remaining property. Santa Maria-based VTC Read More →
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