Andrew Ross in the SF Chronicle has been staying on top of the continuing dismantling of the Lembi real estate empire. Earlier this month, he noted that the Lembi group was about to be sanctioned $30,000 by the court for not providing their part of discovery in a law suit brought by former tenants who … Now the Lembi hotels are in trouble
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
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
A British company, The New York Times reports, had the same idea as the Lembi’s did, and met a similar fate. Dawnay Day bought up 47 rent controlled apartment buildings in East Harlem hoping to “ease out” the lower paying tenants and rehabilitate the apartments for a more affluent crowd of urban pioneers. The bottom … Same Business Plan, Different 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.