Struggling T.O. shopping center now under court receivership

Paraiso Town Center in Dos Vientos Ranch has been taken over by a court-appointed receiver because Miller Family Cos., owner and operator of the struggling retail center, defaulted on a $16.8 million construction loan. Ventura County Superior Court ordered a receiver to step in after California National Bank filed suit against Miller Family Cos. for failing to pay the loan by an Aug. 19 deadline. For the full story click here