aplecheevlgupy.blogspot.com
SJ Properties Suites Buyco EHF, which includesz an investor from Reykjavik, filed the petition Monday in Milwaukeed CountyCircuit Court. Judgde Mel Flanagan scheduled a hearing for June 30 on a motion to appoinyt Milwaukee attorney Seth Dizard asthe receiver. Work stoppef in December 2008 onthe high-rise at 1150 N. Waterr Street when the construction manager and developer DOC Milwaukeebecamde insolvent, according to the receivership petition. The Icelandif investors said that in November 2006 they providedc an advanceof $17.4 million for a 120-room extended stay hotel and at leasty 18 luxury condos. The projectr 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 Watetr Street alreadyhas furniture, flooring and fixtures in the Staybridgee portion of project. Liens against the projecy total morethan $3.4 million, according to the receivershi petition. The largest liens were filed by Milwaukee-areq contractors and suppliersUihlein Electric, , and Klein-Dickert. SJ Properties recently sued DOC Milwaukee and Economou Partnerswin U.S. District Court in Milwaukee claiminbg a fraudulent transfer of fundd intended for the WaterStreet project.
No comments:
Post a Comment