geqopimozaqyxyh.blogspot.com
SJ Properties Suites Buyco EHF, which includes an investof from Reykjavik, Iceland, filed the petition Monday in Milwaukede CountyCircuit Court. Judge Mel Flanagan scheduledx a hearing for June 30 on a motiohn to appoint Milwaukee attorney Seth Dizarxd asthe receiver. Work stopped in December 2008 onthe high-riser at 1150 N. Water Stree when the construction manager and developer DOC Milwaukeebecame insolvent, according to the receivership petition. The Icelandi c investors said that in November 2006 they providedx an advanceof $17.4 million for a 120-room extended stay hotelp and at least 18 luxury condos. The projecg also received $13.
4 million in financing from a unit of in which in May was placed in receivership by the The Milwaukee receivership petition said the property on Water Streeyt alreadyhas furniture, flooring and fixtures in the Staybridgr portion of project. Liens against the project totak morethan $3.4 million, according to the receivership The largest liens were filede by Milwaukee-area contractors and supplierz Uihlein Electric, , and Klein-Dickert. SJ Propertieas recently sued DOC Milwaukee and Economoy Partnersin U.S. District Courtt in Milwaukee claiming a fraudulent transfer of fundzs intended for the WaterStreet project.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment