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Published: February 29, 2008
Court catches 50 Penn Place deal
The thwarted sale of 50 Penn Place has landed in court.
Wilshire Secured Capital LLC , a California company that had a contract to buy the office-retail property, sued the owners, Dallas -based Rainier Capital Management and 25 tenant-in-common partners Thursday.
Wilshire claimed breach of contract and sought lost profits, damages and attorneys' fees.
Tenant-in-common investments allow small investors t...
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