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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 ...

Clarksville developers say property rights in their favor on rezoning

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Buy Photo Local developers seeking rezoning for multi-family residential off Rollow Lane near the industrial park include Jimmy Settle , left, and Dennis Ziolkowski, right. (Photo: Jimmy Settle/The Leaf-Chronicle) Buy Photo CLARKSVILLE, Tenn. — Local developers seeking rezoning for multi- family residential land uses near the Clarksville- Montgomery County Corporate Business Park say they're not looking for a fight with the local Industrial Development Board . But if it eventually comes down to that, the trio of developers feel comfortable in their position. "We're not looking to do battle with the Industrial Board . In fact we think we are proposing something to help them," said Dennis Ziolkowski of Cumberland Land Partners , who is seeking rezoning alongside local developers Rex Hawkins and Jimmy Settle (not to be confused with this writer). While IDB Executive Director Mike Evans says their request potentially encroaches on the industrial park , damaging bu...

Apartments for Rent in Addison, IL - 185 Rentals

There are many benefits to renting an apartment in Addison. This western suburb of Chicago has a lot to offer residents, including business opportunities and recreational activities. Chances are that you're renting an Addison apartment because you or someone in your family is starting a new job, looking for a new job or starting a business in Addison. For any of these reasons and more, the business pulse of Addison will be important to you. Fortunately, Addison leaders are committed to attracting and keeping industry and business within the city, and they've worked toward this in part by implementing economic incentives and retention programs. Not far from your Addison apartment, you' ll find large companies like Nabisco and the United Parcel Service , as well as small businesses employing fewer than 20 people. Industry is strong in Addison, and companies in town manufacture products such as aircraft accessories, industrial gears, kiln equipment, industrial drills and ...

Sterling Bancorp and Astoria Financial Corporation Announce OCC Approval NYSE:STL

MONTEBELLO, N.Y. and LAKE SUCCESS, N.Y., Aug. 16, 2017 (GLOBE NEWSWIRE) -- Sterling Bancorp (NYSE:STL), the holding company for Sterling National Bank and Astoria Financial Corporation (NYSE:AF), the holding company for Astoria Bank, announced today that the Office of the Comptroller of the Currency (“ OCC ”) has approved the merger of Astoria with and into Sterling (the “ Merger ”).  The transaction, which was announced March 7, 2017 and approved by the shareholders of Astoria Financial Corporation and Sterling Bancorp on June 13, 2017, remains subject to other customary closing conditions , including the approval of the Board of Governors of the Federal Reserve System .  Assuming such conditions are satisfied, Sterling Bancorp and Astoria Financial Corporation expect to complete the Merger early in the fourth calendar quarter of 2017. About Sterling Bancorp Sterling Bancorp , whose principal subsidiary is Sterling National Bank , specializes in the delivery of service and solut...

Orange County church finds higher purpose for unused land: affordable housing and community services

At the ribbon cutting this month for the Wesley Village affordable housing complex in Garden Grove, Laura Archuleta couldn ’t resist referencing Joni Mitchell ’s 1970 environmental protest “Big Yellow Taxi.” Built on underused land that’s part of the Garden Grove United Methodist Church campus on Main Street, Wesley Village offered Archuleta , president of the nonprofit community organization Jamboree Housing Corp ., a chance to riff on one of Mitchell’s most famous lyrics. Where Mitchell sang “They paved paradise/And put up a parking lot,” Archuleta told about 300 people packed into the steamy church sanctuary on a hot afternoon that “Today we are going to learn how a group of dedicated organizations and individuals re-purposed a parking lot and put up a paradise.” Then she and others who spoke, including a single mom with six children who now reside at Wesley Village , told how the project became reality through a unique collaboration that involved the church, Jamboree and other...

Trenton Cornell-Duranleau buried after stabbing death in Wyndham Lathem’s apartment

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Source: Facebook Trenton Cornell-Duranleau. Ben Pope, Summer Editor August 15, 2017 Close Modal Window Close Modal Window Trenton Cornell-Duranleau, the 26-year-old hairstylist found dead in former Northwestern professor Wyndham Lathem ’s apartment on July 27, was buried in funeral services near his family’s Michigan home on Saturday, according to the Chicago Sun-Times. Only family and friends were allowed to attend the services at a church in Lennon, Michigan, the Sun-Times reported, in keeping with requests for privacy by Mischelle Duranleau, Cornell-Duranleau’s adopted mother. “Our Family is deeply saddened by the death of our son,” Duranleau posted Aug . 3 on Facebook. “It is our hope that the person or persons responsible for his death are brought to justice. We are asking that you allow our family to process and grieve this tragedy privately.” After Cornell-Duranleau was found dead from more than 40 stab wounds in Lathem’s North State Street apartment , a weeklong search for La...

E&S Ring Management Corporation Ushers in New Era of Leadership with Appointment of Two Multi-Family Industry Veterans

E&S Ring appoints Erik Alexander as president and Joe Flores as director of maintenance and capital services LOS ANGELES, CA--(Marketwired - Aug 21, 2017) - E&S Ring Management Corporation , a family-run company with properties for rent in California and Washington, has added two key executive appointments to further strengthen its senior management team as it seeks to leverage the company's existing platform to attract new clients and better serve existing clients . Erik Alexander , a 27-year multi- family industry leader , has been appointed as President, while Joe Flores, a well-respected multi-family veteran, has been appointed to Director of Maintenance and Capital Services , to guide the company towards future growth. Alexander comes to E&S Ring Management Corporation from Essex Property Trust , where he served as Senior Vice President . He led operations of over 50,000 apartments throughout California and Washington with more than $1 billion in annual revenu...

Family Band

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Illustration by Luke Shuman Ben Rothenberg | Racquet and Longreads | August 2017 | 9 minutes (2,122 words) Our latest Exclusive is a new story by tennis writer Ben Rothenberg and produced in partnership with Racquet magazine . To hear Alexander Zverev Sr . tell it, the tale of how his younger, golden- haired son began to play tennis has the simplicity of a fairy tale involving the Three Bears. “It was all natural for Sascha,” he said. “Mama played, Papa played, brother played . And so, he started to play.” While the Williams sisters have made family reunions in the finals of Grand Slams feel normal , multiple branches of a family tree breaking through to the top of the sport remains a rare phenomenon. This is particularly so in the men’s game, where brothers have rarely shared space in the top 200 together over the past decade. But in a sport that demands individualism, the Zverevs have managed to become the archetypal tennis family , a story line that’s become increasingly prom...

Joe's Drive-In Restaurant brings slice of Americana back to life in Leicester

A drive down Main Street in Leicester becomes a trip down memory lane when you pass Joe's Drive-In Restaurant, a newly- reopened food joint that bursts with a retro 1950s vibe . Joe's is a slice of Americana, from its checkered floors and chrome detailing to its gourmet shakes and classic burgers and fries. But it's more than just that. Maria Joseph refurbished the restaurant and named it after her father, Hanna "Joe" Joseph, a lover of Americana who bought acres of land that ended up containing the restaurant and the Leicester Triple Drive -In. Joe's opened about five weeks ago. Sadly, Joe died less than two months before the restaurant reopened . "It's nice to see it come back to life, especially after my father passing. It's a nice, not intentional tribute, but it turned into a way of honoring him," Maria, 51, said Wednesday, sitting on the patio under a yellow umbrella. The restaurant was the first thing her father built on the land, Mar...

Editorial: The human cost of housing scarcity

Palo Alto Jane Huang, 29 Huang moved to Palo Alto with her parents at the age of four. She attended local high schools and Stanford University. Yet despite her hard work, the Palo Alto housing market is too challenging for her to foresee a future in her hometown. “I went to Stanford, I work as a software developer, I make a six-figure income, and I still have to live with three roommates,” Huang said. “What more can I do?” Huang isn’t worried about not being able to pay her rent, but she is worried about doing anything that might upset her landlord. “Landlords have a lot more power here than they used to,” she said. “They know how impossible it would be for their renters to find anything else locally.” While her concerns for herself are real and serious — “With the current housing market , I’m afraid I’ll have to live with roommates for the rest of my life” — she’s equally concerned about what the housing market means for the many Palo Altans who weren’t fortunate enough t...