February 05, 2013
Five Star Development Resort Communities LLC and lender iStar RC Paradise Valley have settled a long-running and far-ranging dispute over a defaulted $112 million loan for an Arizona Ritz-Carlton complex, and had one of their five lawsuits tossed Tuesday.
September 19, 2012
A New York federal judge on Tuesday trimmed claims in a contract fight over a $112 million loan to develop an Arizona hotel, saying the developer can't recover special damages related to the lender's decision to pull funding when it suspected an inability to pay.
September 13, 2012
A New York federal judge on Thursday sent lender iStar RC Paradise Valley to initiate possible settlement talks in its contract dispute against the owners of developer Five Star Development Resort Communities LLC over a $112 million Arizona hotel loan.
June 29, 2012
A New York federal judge refused Friday to stay counterclaims that lender iStar RC Paradise Valley brought against Five Star Development Resort Communities LLC in a contract suit over a $112 million loan to develop an Arizona hotel, saying a stay wouldn't be efficient.
March 27, 2012
A New York federal judge on Monday threw out dueling motions to dismiss a suit and countersuit between Five Star Development Resort Communities LLC and iStar RC Paradise Valley, which are fighting over a $112 million development loan agreement for an Arizona Ritz Carlton project.
March 19, 2010
Five Star Development Resort Communities LLC has won its bid for a preliminary injunction to protect it from a declaration of default on a $112 million development loan agreement for a Ritz Carlton hotel project in Arizona.