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Three San Francisco Boutiques In Default

Feb 23, 2010 9:35 AM

From SFGate.com:
$76-Million Default Spurs Mar. 3 Auction
Three San Francisco boutique hotels run by the daughter of real estate tycoon Frank Lembi are in default on $75.9 million worth of loans. According to a "notice of trustee's sale," the hotels are to be auctioned off on the steps of San Francisco City Hall on March 3. Click here for the full story.

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