Los Angeles
Mar 27, 2024
Shangri-La accuses former CFO of embezzling $40M intended for homeless housing
Developer sues, alleging executive spent firm’s cash on luxe homes, cars and handbags
Shangri-La Industries
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Los Angeles
Dec 1, 2023
Even with $120M in state grants, Shangri-La Industries can’t repay loans
LA firm owes $41M in defaulted debt tied to seven Project Homekey motel conversions
Los Angeles
Jan 9, 2024
California state sues Shangri-La alleging fraud after Project Homekey defaults
All seven of the LA developer’s motel-residence conversions face foreclosure, suit says