– You might not recognize HIC Investment Company LP by name, but they are the owners of the Lakeridge Tennis Club. They have received a Notice of Default (click Log In tab) for missing the 1 December 2014 payment on their $10,700,000 deed of trust. HIC is also in default with the Secretary of State and does not have a current business license.
Lakeridge Tennis Club sits on a prime 9.25 acre site at the corner of McCarran and Plumas. If rezoned MF30, the site could accommodate 275 units – more if the City allows greater density, which I think they will. I think the days of tennis being played on the site are limited.
– The purchase of the land and water rights beneath the Somersett Golf and Country Club closed escrow last week for $2.75M. The Somersett Owners Association are now “protected” if SGCC fails financially. Before you…
View original post 294 more words