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ENCINITAS, CA - Tower 16 Capital Partners has sold Hillside Village Apartments, an 80-unit multifamily project in San Bernardino, for $16.5 million. The property was purchased in January 2019 for $11 million in an off-market transaction. Tower 16 recently sold another Inland Empire property, The District at Grand Terrace, for $88 million. “We made major improvements to the Hillside Village project during our ownership,” said Tower 16 Co-Founder Tyler Pruett. “That allowed us to achieve our business plan relatively quickly. Despite this sale, we plan on re-investing in multifamily properties throughout the Inland Empire over the next several years.” Hillside Village is located at 2196 Kendall Drive in San Bernardino, within one mile of California State University, San Bernardino, a strong submarket with median incomes over $57,000. The apartment complex is near parks, shopping centers, freeways, Loma Linda and Victoria Gardens. ....
Lucky Clark On Music: Jesse Terry New England-based singer-songwriter to release seventh album, happy music starting to connect with people. Share Photo by Alex Berger In my efforts to discover new artists and new music happening nowadays, my buddy Mike Farley, of the Michael J. Media Group, has been instrumental with hooking me up with some of his clients, the latest of which is Stonington, Connecticut-based singer-songwriter Jesse Terry. He will be releasing his seventh album in mid-May. I called Terry on his cellphone as he and his family were renting a lake house in the little town of Prosperity, South Carolina. He was busy working on a couple of projects there too. I began by complimenting him on that soon-to-be released album called “When We Wander.” ....
The Chapman Estate in Shell Beach could soon begin hosting more than five times as many events a year as it has in the past, which worries many neighbors who say events there already regularly cause traffic, noise, and parking issues. click to enlarge File Photo EVENT HUB? Pismo Beach City Council recently voted to allow up to 100 events each year at the Chapman Estate in Shell Beach, a jump from the previously allowed 18. At a meeting on April 20, Pismo Beach City Council voted 3-2 (with Marcia Guthrie and Scott Newton voting against) to approve various amendments to the Chapman Estate s conditional use permit, including an increase in the number of smaller events allowed on the property, an extension to the estate s events season, and a discount for local Pismo Beach residents hoping ....
Rusty Young, Country-Rock Pioneer, Is Dead at 75 As a founding member of the band Poco, he helped define a genre and establish the pedal steel guitar as an integral voice in West Coast rock. Rusty Young of the country-rock band Poco in Amsterdam in 1973.Credit.Gijsbert Hanekroot/Redferns By Bill Friskics-Warren April 17, 2021Updated 12:32 p.m. ET Rusty Young, a founding member of the popular country-rock group Poco and a key figure in establishing the pedal steel guitar as an integral voice in the West Coast rock of the late 1960s and ’70s, died on Wednesday at his home in Davisville, Mo. He was 75. ....