>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

  • Asia up on Wall St. rally and China hopes, euro sags on Greece
    Asian stocks rose across the board on Tuesday after a rally on Wall Street and steps by China to shore up its economy boosted risk appetite, while Greek debt worries again haunted the sagging euro. Spreadbetters expected European shares to pull back slightly after Monday's rise, calling for Britain's FTSE (.FTSE), Germany's DAX (.GDAXI) and France's CAC (.FCHI) to open a touch lower. Tracking overnight gains in U.S. stocks, MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.5 percent. Japan's Nikkei (.N225) bucked the trend and lost 0.2 percent.
  • Oil extends losses as deadline for Iran nuclear deal looms
    Oil futures extended losses on Tuesday, as Iran and six world powers ramped up the pace of negotiations to reach a preliminary deal that could ease sanctions and allow more Iranian crude onto world markets. With a deadline less than 24 hours away, United States, Britain, France, Germany, Russia and China were trying to break an impasse in negotiations aimed at stopping Iran from having the capacity to develop a nuclear bomb, in exchange for an easing of international sanctions. "Iran has built up significant oil inventories and could immediately increase exports if sanctions are lifted," analysts at ANZ said in a note. Shipping sources say Iran is storing at least 30 million barrels of oil on its fleet of supertankers, as Western sanctions keep a lid on sales.
  • Exclusive: Cablevision to make $1 offer for New York Daily News
    The offer would come one month after New York media and real estate magnate Mortimer Zuckerman said he was considering selling the newspaper and had hired Lazard Ltd to assist with the process. Cablevision's $1 bid takes into account the New York Daily News' reported $30 million annual loss and $150 million investment in a printing press, and declining circulation that relies heavily on newsstand sales rather than on subscriptions, the source said. Cablevision declined to comment while a representative for the New York Daily News could not immediately be reached for a comment. Cable distributors such as Cablevision and its larger rivals have also been under pressure to stop consumers from dumping their cable subscriptions, or "cutting the cord", as subscribers shift to internet services such as Netflix and Hulu.

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