>Brookings Oregon News, Sports, & Weather | The Curry Coastal Pilot

News Classifieds Web
web powered by Web Search Powered by Google

News arrow News arrow Business arrow Emerald Coast Estates changes hands

Print

Emerald Coast Estates changes hands

Six years after opening the 19-acre Emerald Coast Estates manufactured home park in Harbor, the Itzen family has sold the property to Roy and Judy Lindsey, of Fallbrook, Calif.

The new name of the development will be Emerald Coast Estates MHP, LLC., Dave Itzen said.

“The Lindsey’s are long time successful and experienced owners and operators of manufactured home parks, and we are certain they will continue to operate the development as the first-class community we worked hard to build,” Itzen said.

The Itzen family had previously offered Emerald Coast Estates to the residents of the development and assisted them in analyzing a possible purchase with several different professional companies specializing in that area, he said.

However, the residents ultimately decided not to purchase the development and the Itzen family listed the development for sale on the open market, he said.

The decision to sell was not an easy one.

“The Itzen family’s philosophy in developing Emerald Coast Estates was to do more than just build a development,” Itzen said. “Our vision was to create a community that would fit the lifestyle of residents “55 and better,” and also create an environment in which residents would be proud to live.”

Today the gated community, which opened in 2004, features a “state of the art” community center, indoor heated swimming pool, and professionally designed and installed water feature.

Itzen said Emerald Coast Estates “is considered to be one of the best of its class in the Pacific Northwest.”

“We wish the residents and Mr. and Mrs. Lindsey continued success,” he said.

The Lindseys have managed mobile home parks for more than 15 years, said Roy Lindsey. The couple recently sold a mobile home park in California and continue to own one in Apple Valley, Calif., he said.

“We’ve been looking to buy another park outside of California for three years,” Lindsey said.

The couple learned of Emerald Coast Estates when checking a website that lists mobile and manufacturing parks for sale. They traveled to Brookings to check it out.

“Emerald Coast is a unique property, not like your ordinary mobile home park,” Lindsey said. “It is state of the art, clean and we like how well it was developed. It looks and feels like a residential area not a mobile home park.”

Future plans for the park include placing manufactured homes on remaining empty lots within the subdivision and put them up for sale, he said.

“We’re planning to move to Brookings in a few years,” Lindsey said.

Print

Business News by Yahoo Finance

  • Buffett's Berkshire takes $4.48 billion stake in Phillips 66
    The 57.98 million-share, or roughly 10.8 percent, stake was revealed in a Friday night filing with the U.S. Securities and Exchange Commission. Phillips 66 shares closed Friday at $77.23. Berkshire once held a large stake in the Houston-based company, but shed nearly two-thirds of it in February 2014 when it swapped $1.35 billion of shares for a chemicals business that it folded into its Lubrizol unit.
  • Fed's Fischer sees inflation rebound, allowing gradual rate hikes
    U.S. inflation will likely rebound as pressure from the dollar fades, allowing the Federal Reserve to raise interest rates gradually, Fed Vice Chairman Stanley Fischer said on Saturday in a speech careful not to overreact to a possible Chinese slowdown. The influential U.S. central banker was circumspect whether he would prefer to raise rates from near zero at a much-anticipated policy meeting on Sept. 16-17. The cautious confidence from Fischer, as well as from Bank of England Governor Mark Carney who spoke at a conference alongside him, suggests at least two major central banks are poised to look beyond a week of financial-market turmoil brought on by fears that China's economy is faltering.
  • Focus turns to U.S. data as China slowdown looms
    After a dizzying two weeks that saw a rapid plunge and rebound in equity prices, investors are looking forward to a week of economic data that may provide clarity on the likelihood of a near-term U.S. interest rate hike and help tamp down the market's recent wild swings. The economic figures will culminate in Friday?s jobs report that should reveal more about the strength of the U.S. economy. Car sales, construction spending, the Federal Reserve's "beige book" and jobs growth may show the economy is strong enough to withstand the first rate hike in nearly a decade from the Federal Reserve, despite worries about a hard landing for China?s economy.

Follow Curry Coastal Pilot headlines on Follow Curry Coastal Pilot headlines on Twitter

© Copyright 2001 - 2015 Western Communications, Inc. All rights reserved. By Using this site you agree to our Terms of Use