Of the top 500 tax delinquents in California, former CitiApartments Managing Partner and cousin of the late Walter Lembi, David M. Raynal, is number six with $2.59 million owed, the top Bay Area tax delinquent according to the State’s Franchise Tax Board. While any professional or occupational licenses held... Read More »

Pledged as collateral on a number of loans which are now in default, it’s a plugged-in tipster that notes “the Debtors’ respective membership interests in the limited liability companies” which own the following properties are scheduled to be sold on December 12: 78 Buchanan Street 233-241 Church Street 252-258... Read More »

San Francisco Magazine digs deep to tell the story of the Lembis. Their business plan was simple: Exploit the difference between artificially low, rent-controlled rents and the sky’s-the-limit, market-rate rents they could charge when the old tenants were out and new ones took their place. This has been the... Read More »

A plugged-in tipster reports: Just finishing up escrow on our first condo purchase and trying to get out of…CitiApartments. This morning called them and a receptionist answered “First Apartments how can I assist you?” First Apartments? I asked her, is this still CitiApartments? She said, “We have changed our... Read More »