First the state accused Shangri-La Industries of fraud. Now the developer of homeless housing has accused its former beancounter of living high on the hog after stealing from the firm. The Downtown... Read more »
Shangri-La Industries has lost control of six out of seven of its Project Homekey sites to court-appointed receivers, ending its goal of becoming a major operator of homeless housing sites across California. ... Read more »
The State of California has hit Shangri-La Industries with a sweeping lawsuit, after the developer defaulted on loans tied to seven motels slated for conversion into housing for the homeless under a... Read more »
Shangri-La Industries’ Andy Meyers and Housing and Community Development Gustavo Velasquez with 12 Conejo Boulevard (Shangri-La Industries, State of California, Google Maps, Getty) The California Housing and Community Development Agency has found... Read more »
After Los Angeles-based Shangri-La Industries defaulted on loans tied to seven Project Homekey developments across the state, one of the lenders called its lawyers. In August, contractor Johnson Electronics sued Shangri-La, asking... Read more »
Shangri-La Industries CEO Andy Meyers and 21 Conejo Boulevard in Thousand Oaks (Getty, Google Maps, Shangri-La Industries) UPDATED, Dec. 1, 2023, 9:40 p.m.: In 2020, the State of California gave Shangri-La Industries,... Read more »