US EditionLaguna Point Properties Sues Barry Shy Over $402M DTLA Deal
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Laguna Point Properties Sues Barry Shy Over $402M DTLA Deal
Laguna Point Properties’ founding principal Barry Shy and 111 W 7th Street (Getty Images, Google maps)When Laguna Point Properties bought a portfolio of apartments in Downtown L.A. for $402 million, it wasn’t expecting tenant litigation, a pile of utility bills and violations of city fire codes.But the Orange County-based investment firm alleges it faced all these costly challenges when it acquired the five buildings from prominent L.A.-based de…
·New York, United States
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