Bahman Shafa’s firm has failed to turn over tenant security deposits, a new lawsuit claims.
Lender seeks millions from Focus after DTC office foreclosure
Bahman Shafa
Lender submits sole foreclosure bid for Focus office complex in DTC
The local firm bought the property literally weeks before the onset of COVID-19.
Lender owed $50M seeks receiver for DTC office complex
It’s the second recent sign of trouble for the Fous Property Group, led by CEO Bahman Shafa.
Mezzanine lender initiates foreclosure on Union Station hotel owner
The Hilton Garden Inn at 1999 Chestnut Place was poised for new ownership as of last week, although the current owner says a planned auction won’t be held.
Focus Property Group sells DTC office building for $16M
Securities fraudster Tyler Tysdal was once a tenant in the two-story, 69,855-square-foot building, which last sold four years ago for $10 million.
LoDo building leased to an Irish pub sells for $6M
The seller, Focus Property Group, paid $1 million for the property in 1996. There is 5,500 square feet of space on the second floor available for lease.
Ink Coffee building in RiNo sells for $1.5M
The buyer owns several other buildings on the block.
