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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 ...

East Colfax or East Montclair? A Denver neighborhood weighs its legacy with Colfax’s new brand

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Patricia Partida and two of her grandchildren outside her home near East Colfax. (Andrew Kenney/Denverite)" width="1000" height="667" /> Patricia Partida and two of her grandchildren outside her home near East Colfax. (Andrew Kenney/Denverite) Patricia Partida has lived near Colfax Avenue in the eastern reaches of Denver for nearly 15 years. She leaned against the black garbage bin outside her apartment door, thinking about the question she’d just been asked: What was this neighborhood’s name? “Oh, shoot,” she said. “If there is a name, it’s a bad name. They don’t say anything good about this place.” Kandyce Neal, 17, was also unsure what to call the place where she lives. Pausing in her walk down Colfax, where the most visible businesses include motels and occasionally a strip club, she composited the names of better-known places. “Right after Park Hill, just before Aurora,” she said. “It’s the in-between.” Flor Mira, 16, had a more cynical name for the...

Idle Wilbur site in downtown Lititz eyed for hotel, apartments, bistro and shops | Insider

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Lancaster- based Oak Tree Development Group said it has agreed to buy the 11-acre property from Wilbur’s owner, Cargill, for an undisclosed price. “We like projects that are community-centric,” said Oak Tree President Mike O’Brien. “We’re excited to do a project that positively impacts a small town like this.” Oak Tree expects to submit plans to the borough in 60 days. The firm hopes to get them approved by year-end, start construction in early 2018 and complete the venture by March 2019. A name for the project has yet to be selected, said O’Brien. He declined to disclose the project’s cost. “We’re eager to work with Oak Tree,” said Karen Weibel, president of Lititz’s Borough Council . “It’s a local firm. They have a lot of credibility. We’re extremely thankful that the building will be utilized quickly, and not sit there for five or 10 years and invite blight.” Mayor Tim Snyder also was enthusiastic about the plan, saying the new uses “will enhance downtown Lititz . ... It’s going...

New Yorkers Are Fleeing To Los Angeles In Droves, Study Shows

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NEW YORK, NY — It's one of the oldest rivalries in American migration: New York vs. Los Angeles. For the better part of a century, residents of the nation's two largest metro areas have been defending their chosen kingdom and dismissing the other on an endless loop of judginess between kitty-corner coasts. Ew, the traffic! But the sunshine! But the subway! But the garbage! But the skyline! But the coastline! But the bustle! But the chill! In this tireless war of words, a clear winner has yet to emerge. But it's harder to argue against the numbers. Thousands of working professionals have relocated to Los Angeles County from New York City in the past year and a half, according to a series of monthly "workforce reports" released this spring and summer by the job- networking site LinkedIn (and spotted by LA Weekly). And it's not exactly a two-way street. Since early 2016, according to LinkedIn, around seven or eight out of every 10, 000 site users in LA report...