San Francisco real estate

Now the Lembi hotels are in trouble

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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

Latest on Lembi Collapse

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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