A Simi condo project is halted

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News item: The Ventura County Star reports a large condo project in Simi Valley has stopped in mid-development: ‘Citing slumping market conditions, a developer has abruptly halted construction of a 66-unit condominium development near what is known as Happy Face Hill in Simi Valley, city officials said Tuesday.’

More: ‘After several months of grading work, Encino-based Larwin Co. told City Manager Mike Sedell in an e-mail that construction of the housing development on 10 acres near Kuehner Drive would be stopped for at least six months.’

The reader who emailed us to alert us to this story noticed another condo development in Thousand Oaks that appears to have been halted in its tracks, and wonders how widespread this trend is. Thoughts? Comments? Insights? Email story tips to lalandblog@yahoo.com.

Hat tip: FD in TO