From SF Business Times: Klingbeil Capital latest to feast on Lembi holdings Klingbeil Capital Management has joined the growing cadre of private real estate investment firms taking advantage of the dramatic implosion of the Lembi family’s apartment empire. The Washington D.C.-based owner paid $10 million for three San Francisco buildings previously owned by the Lembi … Latest on Lembi Collapse
When I was growing up in San Francisco, the part of Third Street near where I now live was the city’s industrial zone with steel foundries, ship dry docks and shipyards and the massive complex that contained American Can. That is all in the past now, with just the hulks of the buildings remaining. I … Along the Waterfront
Today I sent off the SF magazine story to the Investigative Reporters and Editors contest. This was a large effort. Answering the 12 questions took several hours and yielded five single-spaced pages. Then I took the article down to the local copy store where the whole staff helped me copy the article, all 15 pages … IRE, Here It Comes
Right about now, all over San Francisco, my magazine piece about the Lembi family is being taken off the shelves and the next issue of San Francisco Magazine is filling that slot. As a writer, it’s always sad when that happens, when the reading public moves on. After working on the story for a year … Good-bye To The Story, Hello To The City
Yesterday ProPublica, the independently funded investigative reporting organization featured my SF magazine story on its front page as the editor’s pick of the day.
Eight months in the making, War of Values reveals how the city’s dominant landlords, the Lembi family of CitiApartments fame, bought up every building they could get their hands on, from the Tenderloin’s rattiest dumps to Nob Hill’s ritziest penthouses…