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Lavu seeks to recover almost $240K from May Day Movers LLC, a Mississippi business accused of buying luxury cars

Lavu seeks to recover almost $240K from May Day Movers LLC, a Mississippi business accused of buying luxury cars
bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.

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ABQ tech firm settles suit with former landlord

Lavu’s former Downtown Albuquerque office. (Dean Hanson/Journal)
ALBUQUERQUE, N.M. The dispute between Lavu Inc. and the owner of its former Downtown Albuquerque office is over.
On July 1, Lavu announced a settlement agreement with Heritage Real Estate Company, the property manager for Albuquerque Plaza Office Investment, LLC, following a lawsuit filed against the point-of-sale software company for nonpayment of rent.
According to Lavu, the settlement “provides for the full resolution of the dispute and a release of all claims between the parties arising out of, or related to, Lavu’s office space lease at Albuquerque Plaza.”
“We appreciate the efforts of Heritage’s Chief Executive Officer Jim Long and President Suzanne Lubar to resolve this matter and to assist Lavu as we successfully navigate the challenges to the restaurant industry brought about by the COVID-19 pandemic,” Lavu CEO Saleem S. Khatri wrote in a statement announcing the settlement. ....

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Lavu announces settlement with Albuquerque Plaza Office Investment LLC

Lavu announces settlement with Albuquerque Plaza Office Investment LLC
bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.

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Lavu abandons Downtown digs

Copyright © 2021 Albuquerque Journal
Lavu Inc. vacated its luxury suite Downtown this week for a much smaller Uptown space after facing financial difficulties in the pandemic.
The company’s new 3,000-square-foot office is nearly six times smaller than the 17,700-square-foot space it previously leased at the U.S. Eagle Building next to Albuquerque’s Central Plaza. It moved into that Downtown space only two years ago, backed by state approval of up to $270,000 in Local Economic Development Act funding and much fanfare by local officials celebrating the success of the homegrown technology startup.
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But the pandemic has severely cut into company revenues since March, leading to a major reduction in staff, which conflicts with its LEDA funding, plus difficulties paying its monthly rent Downtown. ....

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