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brothers fight over $500 million property empire

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Two brothers are at war over one of Victoria's biggest real estate empires , worth more than $500 million, four decades after their Italian family founded the dynasty. Former Carlton Football Club director and developer Colin De Lutis lives in a Toorak mansion three doors from younger brother Paul , who has taken him to the Supreme Court over how their property and business assets will be sliced up. Colin and Paul De Lutis are battling each other in the Supreme Court .  Photo: Supplied Paul has wanted out of the family business since 2014 but an acrimonious argument is playing out in the Supreme Court  over the break-up. Together with their mother Anna the brothers own 38 properties worth more than half a billion dollars, amassed since the family bought a Smith Street, Collingwood, shop in 1973. There, the family founded Westco Jeans and grew it into a chain of 160 retail outlets. It sold in 1999 for $85 million. That money was sunk into property and the De Lutis portfolio ...

FP Willow Ridge Associates, L.P. v. Allen Twp. and Northampton Borough – CourtListener.com

IN THE COMMONWEALTH COURT OF PENNSYLVANIA FP Willow Ridge Associates , L.P., : : Appellant : : v. : No. 1846 C.D. 2016 : Argued: June 5, 2017 Allen Township and Northampton : Borough : BEFORE: HONORABLE P. KEVIN BROBSON, Judge HONORABLE MICHAEL H. WOJCIK, Judge HONORABLE JOSEPH M. COSGROVE, Judge OPINION BY JUDGE WOJCIK FILED : July 6, 2017 FP Willow Ridge Associates , L.P., (Willow Ridge) appeals from an order of the Court of Common Pleas of Northampton County (trial court) that granted Allen Township ’s (Township) motion for summary judgment against Willow Ridge and dismissed as moot Northampton Bor...

Why thousands of Jaypee homebuyers stand on shaky ground | noida

The insolvency proceedings launched against Jaypee Infratech (JIL) have left over 30,000 people who invested in apartments spread across 27 projects of the real estate firm standing on shaky ground. This vulnerability stems from the fact that homebuyers figure very low in the creditors’ order for payment of dues under the Insolvency Code. Once the resolution and liquidation process is completed, a portion of the proceeds will go towards recovering liquidation costs . The workmen will be paid next, followed by banks and financial institutions involved in the projects. Payment of salaries to other employees will be made subsequently, after which government dues will be settled. It is only then that homebuyers will be taken into consideration. The Jaypee Group is developing projects spread over 3705 acres along the Noida- Greater Noida Expressway and Yamuna Expressway in Gautam Budh Nagar district through its two promoter companies - Jaypee Infratech and Jaiprakash Associates Ltd. ...

More monuments? Axl Rose is just a start, Lafayette

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Axl Rose (Photo: File photo) Pressed onto the record this week about the surge in calls across the nation to take down statues of Confederate leaders, Vice President Mike Pence played it sufficiently vague in the name of more is better. Pence, saying he was uneasy about any effort to “erase parts of our history just in the name of some contemporary political cause,” made his case Tuesday morning on “Fox & Friends” that “we ought to have been building more monuments.” The rationale, via Indiana’s former governor: “We ought to be celebrating the men and women who've helped our nation move toward a more perfect union and tell the whole story of America.” Given the context, with Jefferson Davis and Gen. Robert E. Lee as the baseline of a nation moving toward a more perfect union, Pence offers some awfully broad parameters here. THROWBACK: The day Axl Rose came to town BANGERT: Monument to Confederates remains in Lafayette's Greenbush Cemetery BANGERT: If only there was a way...

War hero claims Navy abandoned him, others cry murder

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He’s been on the job only about a week but Richard V. Spencer, the new Secretary of the Navy, faces the tough job of determining the fate of an American war hero . Navy Lt. Craig R. Becker stands accused of pushing his drugged and sleeping wife out the seventh-floor window of their Belgian apartment building in late 2015, dashing out her life on the pavement of Mons, a sleepy city in the French-speaking portion of the northern European nation . Becker maintains his innocence, saying the death was a suicide. He accuses the Navy’s Sixth Fleet of abandoning him to Belgian authorities . Becker, once stationed in San Diego and still linked to Naval Special Warfare in Coronado, wants his prosecution transferred to the American military ’s court system — a right almost always afforded in such cases. Adm. Michelle Howard, commander of Naval Forces in Europe and Africa, has not taken jurisdiction, expressing concerns to lawmakers about Navy investigators not being able to use the evidence c...

As Houston plots a sustainable path forward, it’s leaving this neighborhood behind

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Juan Parras gives one hell of a tour of Houston’s east side. He’s charming and funny. Wearing a beret, he strikes an old-world look, like he might lead you to a cafe on a plaza. He doesn’t charge a fee for his services. After all, you’re on a “toxic tour,” and Parras is on a mission. Parras grew up in 1950s West Texas . He remembers segregated schools, the restaurants that wouldn’t serve him, the unpaved roads, and the people who lived closest to the local refinery . Those experiences led him to a career as a social justice advocate . The resident of Houston’s heavily industrial east side has worked in a city housing department , for a union, for a law clinic, and on a campaign that stopped a PVC factory from being built in Louisiana’s “Cancer Alley.” For the last decade, he has served as executive director of Texas Environmental Justice Advocacy Services (better known as t.e.j.a.s.). Part of his work is leading tours past the heaping piles of scrap metal along Houston’s Buffalo Ba...