Parking lots can be the most vanilla of commercial real estate assets, but they can be spicy when they’re at the center of a complaint about an alleged conspiracy. Criscione Meyer Entitlement, which owns six downtown Los Angeles surface parking lots that total about 69,000 square feet, has sued three parking entities — all of which appear to be sister companies connected to Richard Ulemann Sr. — over a loan dispute involving said lots near L.A. Live off the 110 Freeway, and have entitlements for redevelopment as affordable residential. Here are the twists and turns: Plaintiff Criscione Meyer Entitlement (CME) […]
This article originally appeared on The Real Deal. Click here to read the full story.
