Post by Logan on Jun 13, 2016 12:09:14 GMT -6
LAS CRUCES – Two real estate tycoons – a young New Mexico up-and-comer and an older West Texas powerhouse – are duking it out in the courts over a bungled investment deal that has pitted the former business partners against each other.
A company led by El Paso’s Bill Sanders, a 74-year-old known as a visionary for his multibillion-dollar real estate deals, has sued a company set up by Santa Fe-based Dan Burrell, claiming he breached a contract and defaulted on a planned investment.
Burrell, the 37-year-old real estate investor behind New Mexico State University’s new osteopathic medical school, filed a countersuit alleging Sanders’ company defrauded Burrell and other investors.
The lawsuits are a rare public airing of private discord for both men.
Read more: www.abqjournal.com/790021/nm-real-estate-tycoon-sued-over-20m-investment.html
A company led by El Paso’s Bill Sanders, a 74-year-old known as a visionary for his multibillion-dollar real estate deals, has sued a company set up by Santa Fe-based Dan Burrell, claiming he breached a contract and defaulted on a planned investment.
Burrell, the 37-year-old real estate investor behind New Mexico State University’s new osteopathic medical school, filed a countersuit alleging Sanders’ company defrauded Burrell and other investors.
The lawsuits are a rare public airing of private discord for both men.
Read more: www.abqjournal.com/790021/nm-real-estate-tycoon-sued-over-20m-investment.html