Coachella, California

Vibe Growth Corporation Announces Closing of Palm Springs Dispensary Acquisition

Tuesday, May 4, 2021 - 1:00pm

The Palm Springs location will be Vibe's seventh as the Company continues to rapidly expand its retail cannabis dispensary footprint across California

Key Points: 
  • b'Sacramento, California--(Newsfile Corp. - May 4, 2021) - Vibe Growth Corporation (CSE: VIBE) (OTC: VBSCF) (FSE: A061) (the "Company" or "Vibe"), a vertically integrated California cannabis enterprise, is pleased to announce the closing of its Desert Organic Solutions Collective, Palm Springs dispensary acquisition, previously announced on April 7, 2021.
  • "\nThe Vibe management team had deemed Palm Springs a priority expansion jurisdiction due to the Coachella Valley\'s high public profile, favorable market demographics, and strategic location.
  • In California, Vibe is focused on maximizing shareholder value through accelerating organic growth, opportunistic acquisitions, distressed workouts, and new license applications.
  • Strict compliance with state laws concerning cannabis will neither absolve Vibe of liability under the U.S. Federal law nor will it provide a defense to any Federal proceeding, which may be brought against Vibe Growth Corporation.

Ocean Style Living in Coachella Valley Becomes a Reality as 20-Acre Surf Lagoon and Private Residential Community Gets Green Light

Friday, November 13, 2020 - 5:00pm

Thermal Beach Club, a multi-generational private club, will be located about 150 miles from the Pacific Ocean on 240 acres of Kohl Ranch land in the Palm Springs area.

Key Points: 
  • Thermal Beach Club, a multi-generational private club, will be located about 150 miles from the Pacific Ocean on 240 acres of Kohl Ranch land in the Palm Springs area.
  • The clear blue lagoon will use up to 50% less water than a typical private golf club in the desert communities.
  • Thermal Beach Club (TBC), located in the Coachella Valley about two hours outside Los Angeles, will be the first private residential community with a man-made, clear blue lagoon offering surf and wave-making technology in the U.S.
  • SurfStream venues have capacity of 100's while PerfectSwell surf pools are 1 acre plus with capacity in the 1,000's.

HomeSmart Professionals Agents Command Coachella Valley Real Estate

Tuesday, June 9, 2020 - 12:00pm

PALM SPRINGS, Calif., June 9, 2020 /PRNewswire-PRWeb/ -- HomeSmart Professionals was well represented on a recent list published by Palm Springs Life recognizing top-producing agents and teams from around the Coachella Valley .

Key Points: 
  • PALM SPRINGS, Calif., June 9, 2020 /PRNewswire-PRWeb/ -- HomeSmart Professionals was well represented on a recent list published by Palm Springs Life recognizing top-producing agents and teams from around the Coachella Valley .
  • The popular Palm Springs lifestyle magazine featured nine agents and teams from HomeSmart Professionals for their dedicated work in real estate in the Coachella Valley.
  • "It is no surprise to see so many of our agents mentioned on this list," said Rich la Rue, HomeSmart Professionals' designated broker.
  • "HomeSmart Professionals agents are some of the sharpest and most dedicated individuals working in our community today, so I am proud to see them receiving the recognition they deserve for their hard work."

Bank of Southern California, N.A. and CalWest Bancorp, the Holding Company for CalWest Bank, Announce Changes to Merger Agreement

Wednesday, April 29, 2020 - 8:33pm

The economic effects of COVID-19 prompted Bank of Southern California's shareholders to pause and adjourn their voting to pursue an amended merger agreement.

Key Points: 
  • The economic effects of COVID-19 prompted Bank of Southern California's shareholders to pause and adjourn their voting to pursue an amended merger agreement.
  • According to the terms of the amended agreement, BCAL's all-cash offer is now $0.35 per CALW share compared to the initial Definitive Agreement which offered $0.43 per share.
  • The Bank currently operates eleven branches in San Diego County, Los Angeles County, Orange County, and the Coachella Valley in Riverside County.
  • CalWest Bancorp is the holding company of CalWest Bank, a community bank recognized for its exemplary service to entrepreneurs, high net worth individuals and non-profit organizations located throughout Southern California.

Record Breaking Sale of $5,375,000 Apartment Community in Coachella Sold by The Mogharebi Group

Tuesday, March 24, 2020 - 9:27pm

The Mogharebi Group (TMG) has completed the sale of Valle Vista, a 48-unit community, that is located on Tripoli Way and Cairo Street.

Key Points: 
  • The Mogharebi Group (TMG) has completed the sale of Valle Vista, a 48-unit community, that is located on Tripoli Way and Cairo Street.
  • At a price of $111,979 per unit, this transaction represents a record for apartment communities in Coachella.
  • Bryan LaBar and Otto Ozen of The Mogharebi Group represented the seller, a private group based in the Inland Empire and the Los Angeles-based buyer.
  • About The Mogharebi Group (TMG): The Mogharebi Group is a brokerage firm specializing in the multifamily property sector throughout California.

Desert Resort Management Honored at Annual Community Associations Institute Coachella Valley Chapter Awards Ceremony

Friday, March 6, 2020 - 4:14pm

Palm Desert, CA, March 06, 2020 (GLOBE NEWSWIRE) -- Desert Resort Management (DRM), an Associa company, was honored at the annual Community Associations Institute (CAI) Coachella Valley Chapter awards ceremony at the Omni Rancho las Palma Resort & Spa in Rancho Mirage, CA.

Key Points: 
  • Palm Desert, CA, March 06, 2020 (GLOBE NEWSWIRE) -- Desert Resort Management (DRM), an Associa company, was honored at the annual Community Associations Institute (CAI) Coachella Valley Chapter awards ceremony at the Omni Rancho las Palma Resort & Spa in Rancho Mirage, CA.
  • The Atlantis an Evening Under the Sea themed event celebrated the outstanding achievements of chapter members over the past year.
  • The Coachella Valley chapter of CAI is the leading source of education, advocacy, and professional credentialing for common interest developments (CIDs) in the Coachella Valley.
  • The Desert Resort Management team took home several awards, including:

UPDATE: Desert Medical Imaging, ProScan Imaging & Chico Breast Care Center Join Forces with HALO Diagnostics (HALO Dx)

Friday, January 31, 2020 - 12:41am

A foundational element of this combination is creating the HALO Dx Center of Innovation in the Coachella Valley.

Key Points: 
  • A foundational element of this combination is creating the HALO Dx Center of Innovation in the Coachella Valley.
  • Desert Medical Imaging, the Coachella Valley's leading independent imaging center, Chico Breast Care Center in Chico and Open System Imaging are now affiliated with the privately-held HALO Dx.
  • Desert Medical Imaging (Indian Wells, Indio and Palm Springs) and Open System Imaging (Tustin, Chico, El Centro and Pasadena), both companies with 20+ year histories, along with Chico Breast Care Center make up the California locations.
  • ProScan Imaging, with 26 imaging centers in the Midwest, is also a strategic partner with HALO Dx.

Lansing Companies Progresses With Paradise Knolls Project - Jurupa Valley, CA

Wednesday, January 22, 2020 - 3:45am

Final engineering on the first phase 107 single-family homes is underwayand a builder will be announced by February.

Key Points: 
  • Final engineering on the first phase 107 single-family homes is underwayand a builder will be announced by February.
  • Lansing Companies is a privately owned real estate investment and development company with over 30 years of experience in land acquisition and development in California.
  • Known throughout the industry for its continued financial stability in today's troubled market, the company's portfolio has included more than 20,000 residential lots and 30,000 acres in various stages of development.
  • Current projects include the 2,000-unit master-planned community of Skyborne, located in the Coachella Valley, as well as a venture with Pulte Homes on its successful 2,600-unit Rancho Diamante DelWebb project, located in the city of Hemet.

Lighthouse Opens Second Location In Palm Springs

Monday, October 28, 2019 - 3:00pm

PALM SPRINGS, Calif., Oct. 28, 2019 /PRNewswire/ --Leading up to Palm Springs Pride and the 2019 holiday season, Lighthouse, a collection of upscale, luxury cannabis dispensaries, adds a second location to its portfolio with a new outpost in the heart of downtown Palm Springs.

Key Points: 
  • PALM SPRINGS, Calif., Oct. 28, 2019 /PRNewswire/ --Leading up to Palm Springs Pride and the 2019 holiday season, Lighthouse, a collection of upscale, luxury cannabis dispensaries, adds a second location to its portfolio with a new outpost in the heart of downtown Palm Springs.
  • With its first location positioned in the Coachella Valley, the dispensary is the first to bring Cannabis-focused products to Riverside County residents and guests.
  • "Following the success of our first location in Coachella, we are thrilled to expand to the downtown Palm Springs community and have plans for additional locations in Los Angeles, San Francisco and Massachusetts.
  • Lighthouse offers customers and patients the highest quality and largest variety of cannabis products that California has to offer, along with some of the most cutting-edge, high-end cannabis products and accessories available.

CAPA: Los Angeles Says NO 4 a.m. Last Call

Tuesday, August 27, 2019 - 12:39am

LOS ANGELES, Aug. 26, 2019 /PRNewswire/ -- California Alcohol Policy Alliance (CAPA) has come out in strong support of Los Angeles City Councilmember Paul Koretz's resolution (Council File: 19-002-S39) opposing SB 58 - the 4 a.m. bar bill.

Key Points: 
  • LOS ANGELES, Aug. 26, 2019 /PRNewswire/ -- California Alcohol Policy Alliance (CAPA) has come out in strong support of Los Angeles City Councilmember Paul Koretz's resolution (Council File: 19-002-S39) opposing SB 58 - the 4 a.m. bar bill.
  • Expected social costs generated annually in the City of Los Angeles alone would be $88$354.5 million; while the additional revenue would only be $36.5$146.1 million.
  • The five-year trial period net social cost of harm in Los Angeles would minimally be $266.5 million.
  • The pilot program may be conducted in ten cities: San Francisco, Oakland, Sacramento, Los Angeles, West Hollywood, Long Beach, Cathedral City, Coachella, Palm Springs and Fresno.