ABQ tech firm settles suit with former landlord : comparemel

ABQ tech firm settles suit with former landlord


Lavu’s former Downtown Albuquerque office. (Dean Hanson/Journal)
ALBUQUERQUE, N.M. — The dispute between Lavu Inc. and the owner of its former Downtown Albuquerque office is over.
On July 1, Lavu announced a settlement agreement with Heritage Real Estate Company, the property manager for Albuquerque Plaza Office Investment, LLC, following a lawsuit filed against the point-of-sale software company for nonpayment of rent.
According to Lavu, the settlement “provides for the full resolution of the dispute and a release of all claims between the parties arising out of, or related to, Lavu’s office space lease at Albuquerque Plaza.”
“We appreciate the efforts of Heritage’s Chief Executive Officer Jim Long and President Suzanne Lubar to resolve this matter and to assist Lavu as we successfully navigate the challenges to the restaurant industry brought about by the COVID-19 pandemic,” Lavu CEO Saleem S. Khatri wrote in a statement announcing the settlement.

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