Ok Wow ...here is another name that is blast from the past

Welcome Lower Merion residents!

We're glad you stopped by. Go ahead and register for a free account to get the benefits of being a member, including:
  • Access to all of our posts and comments
  • Your own profile including an avatar, buddy lists, and other social networking features
  • The ability to send private messages to other users on this site
  • The ability to chat and interact with other citizens and voters in and around Lower Merion.
Creating an account is easy. Register now!

(Don't live in Lower Merion? That's okay. We won't hold it aginst you.)
Tags:
carla's picture
Offline
Last seen: 3 years 5 weeks ago
Joined: 2008-01-03 :36
Posts:

There must be something in the air this month. Check this out - a battle is emerging between son of Jerry Lenfest (as in move the Barnes and so on) and Mariner Chestnut Partners as in Mariner Partners as in Tim Mahoney of Ardmore days gone by?

Check it out - this ought to be interesting.

Philadelphia Inquirer: Brook Lenfest accused of cheating partners Suzette Parmley, Inquirer Staff Writer

Posted: Wednesday, March 20, 2013, 5:55 AM

The court-appointed receiver for an investment partnership has sued developer Brook Lenfest, former head of the group, saying he cheated the other partners in a land deal by not disclosing that the parcel was slated for a new Center City hotel.

In a lawsuit filed Thursday in Common Pleas Court, receiver Davin S. Lamm contends that Lenfest defrauded Mariner Chestnut Partners L.P., which included Lamm and Marc Wiser, when he sold the land on behalf of the partnership to himself at auction for an amount substantially lower than the half-acre parcel at Broad and Chestnut Streets was worth....Brook Lenfest is the son of businessman and philanthropist H.F. "Gerry" Lenfest, a partner in Interstate General Media Inc., owner of The Inquirer, the Daily News, and Philly.com.....The lawsuit is the latest twist in the property's tortured history. In October 2008, Timothy J. Mahoney III, of Mariner Commercial Properties Inc. of Ardmore, announced plans to convert it into a 58-story Waldorf-Astoria operated by Hilton Hotels Corp. But the recession hit, and financing dried up. By spring 2009, the project was put on ice.

In 2010, Mahoney sold his 50 percent stake to Chestlen Development Group L.P. of Bala Cynwyd, which gave Lenfest an 84 percent interest

Found this from 2010 on a random webpage :

Image and video hosting by TinyPic

4.5
Average: 4.5 (2 votes)
Your rating: None