Onni Group sues Nexstar over failed $95M deal for LA Times site
Briefly

Onni claims Nexstar misrepresented material facts about the property, impacting its investment decision. A shift in the city’s redevelopment plan has also influenced Onni's willingness to proceed with the agreement.
The city’s change to develop the parcel for housing for the homeless turned what was once seen as an ideal site for luxury apartments into a less desirable location, according to Onni's statement.
Read at therealdeal.com
[
|
]