Menu
/REGISTER
PPB
Montecito
ROAM
Loading...
You are here:  Home  >  Columns  >  Current Article

Two more developers in SLO file for bankruptcy protection

By   /   Monday, September 13th, 2010  /   Comments Off on Two more developers in SLO file for bankruptcy protection

    Print       Email

It’s not just prominent hotelier John King who’s struggling in San Luis Obispo County. Smaller developers and real estate investors are having a hard time, too.

San Luis Obispo-based Barkwood Development filed for Chapter 11 bankruptcy protection in late July, listing $2.4 million in liabilities and $7.5 million in assets. In an unrelated case filed shortly afterward, San Luis Obispo real estate broker and investor Patrick Aurignac filed for Chapter 7 personal bankruptcy.

Barkwood is developing 5.5 acres at the corner of Pine Ave. and Los Osos Valley Road in Los Osos for the construction of 26 single-family homes. The vacant lot is slated for 10 two-story Spanish-style houses with a remainder parcel that could hold 16 houses, according to Richard Friedman, managing member of Barkwood Development.

The full version of this column is only available in the print edition. To view everything the Business Times offers, see this week’s print version or SUBSCRIBE to the print edition for $49.99 today.

    Print       Email

You might also like...

National Philanthropy Day honorees announced

Read More →