shelly-polymer.blogspot.com
SJ Properties Suites Buyco EHF, which includes an investor from Reykjavik, Iceland, filed the petitio Monday in Milwaukee County Circuit Judge Mel Flanagan scheduled a hearinhg for June 30 on a motionn to appoint Milwaukee attorney Seth Dizard as the Work stopped in Decembe r 2008 onthe high-rise at 1150 N. Waterf Street when the construction managet and developer DOC Milwaukeebecames insolvent, according to the receivershipp petition. The Icelandic investors said that in Novembert 2006 they provided an advanceof $17.4 million for a 120-room extended stay hotel and at leastf 18 luxury condos. The projecrt also received $13.
4 million in financing from a unit of in which in May was placed in receivershipo bythe FDIC. The Milwaukee receivership petitionj said the property on Water Street alreadyhas furniture, floorinvg and fixtures in the Staybridge portion of project. Liens againsyt the project total morethan $3.4 million, accordinb to the receivership petition. The largest lien s were filed by Milwaukee-area contractors and supplierdsUihlein Electric, , and Klein-Dickert. SJ Propertiex recently sued DOC Milwaukee and Economou Partnersin U.S. District Courty in Milwaukee claiming a fraudulent transfer of funds intendeed for the WaterStreet project.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment