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Atascadero’s Galaxy Theatre in downtown’s Colony Square shopping center is now under new ownership as of Thursday.

In a recent decision, causation proved to be a determinative factor in the viability of multiple claims subject to the same force majeure clause. District judge rules that broad...

Two weeks before Atascadero's Cinema Square was slated for foreclosure, on April 22 a San Luis Obispo Superior Court Judge granted a temporary restraining order...

1:58 The Galaxy Theatres and Colony square have been the heart of the Atascadero downtown area for many years. But since the pandemic hit, the theater, restaurants and other businesses were forced to limit service or shut down. Because of this, the theater has not been able to pay the rent to Cinema Square, which owns the property and leases space to the Galaxy Theatres, Que Pasa Mexican restaurant and Slo-Do-Co. Cinema Square property owner Jeff Nelson has been unable to pay his mortgage and could potentially face foreclosure by a group of lenders. Nelson said he’s been caught in a difficu...

Galaxy Theatre property in Atascadero facing foreclosure Copyright 2021 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. KSBY and last updated 2021-02-26 00:49:05-05 A retail center in Atascadero which includes the Galaxy Theatre is in danger of foreclosure. A lending group from New York has initiated a foreclosure on the Colony Square Property located on El Camino Real. The City of Atascadero has since adopted a resolution emphasizing the importance of these businesses in the community. Movie theaters have been hit especiall...