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Laguna Beach Local News
Seven Degrees after dark. The event venue is one of 18 properties backed by a $195 million loan recently purchased by a company controlled by Dornin Investment Group.
A court-appointed receiver reported Friday that debts are racking up at real estate developer Mohammad Honarkar’s portfolio of 18 hospitality and event properties in Laguna Beach, according to court records.
Honarkar’s properties, with the exception of Hotel Laguna, have been under the control of court-appointed receivership overseen by San Diego-based receiver Douglas P. Wilson since mid-January, according to a May 21 receiver’s report filed in Orange County Superior Court.