Chinese investors in Vail condos lose out after four-year fight
They said they were defrauded by developer Peter Knobel. Now they’ll pay his legal bills.
Source: businessden.com
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Investors in Vail's Solaris project want funds returned
A lawsuit seeking the return of investors’ $82.5 million in contributions to the Solaris project is facing an Aug. 3 milestone. The suit filed by a number of Chinese nationals was first filed in 2019...
Source: vaildaily.com
Native Roots Co-Owners Want $140M Arbitration Award OK'd
The co-owners of Colorado cannabis dispensary chain Native Roots have asked a Colorado court to uphold a $140 million arbitration award they secured against a business partner and his company over purported operating agreement breaches.
Source: law360.com
Chinese investors who sued developer of Vail condos ordered to pay $775K in legal fees
The plaintiffs, who helped fund Solaris to get green cards, are appealing and have also refiled in state court.
Source: businessden.com
Beltracchi: Thinking big on housing
Big problems such as affordable housing require big solutions. We live in an area where the free market for housing is severely distorted by the ability of second-home owners to pay cash, and lots of it, for any housing that is close to the resorts. I know several people who are in their 30s and 40s, have kids and good jobs, but even with 3% interest rates and down payment assistance, $500+ per square foot for real estate is not affordable for first-time buyers. Mike Beltracchi These are people who have been in the valley for 5-10 years and would like to stay and raise their families here. Th...
Source: vaildaily.com