Clem Carinalli

Clem Carinalli was the largest individual property owner in Sonoma County. Now his real estate empire is falling apart in U.S. Bankruptcy Court as he tries to restructure $165 million in debt owed to a long list of creditors.

Recent Articles About Clem Carinalli

• Million-dollar home sales slide in Sonoma County

  Published February 9, 2010
  Sales of million-dollar homes dropped 40 percent last year in Sonoma County, according to a new report. But many high-end sales remain below the radar in Wine Country.

• Developer Nordby files personal bankruptcy

  Published February 3, 2010
  Another prominent real estate developer in Sonoma County has lost his financial footing as one of the worst construction markets since The Great Depression continues to linger. Wendell “Del” Nordby III filed personal bankruptcy Monday,...

• Santa Rosa gives trash hauler 10-year contract extension

  Published February 2, 2010
  Santa Rosa's City Council Tuesday granted the city's trash-hauling company a 10-year contract extension that promises to generate an extra $1.8 million annually for city coffers.

• New date set for Carinalli hearing

  Published January 29, 2010
  The U.S. Bankruptcy Court has scheduled a Feb. 26 hearing on a request to extend the time Clem Carinalli has to exclusively propose a plan to restructure $191 million in debt.

• As assets fell, Carinalli's debts soared

  Published January 24, 2010
  Clem Carinalli, once one of the most affluent land owners in Sonoma County, received more than $25 million from selling assets during the two-year period that led to his bankruptcy filing in September. Now he only has $370,000 to show for it. Where...

• Unraveling Carinalli's reversal of fortune

  Published January 24, 2010
  Creditors dig through complex dealings to explain Santa Rosa tycoon's missing millions

More Clem Carinalli articles from our archives

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