The suit alleges Rogers and his business partner Robert Hiscox blocked multiple attempts to salvage more value from the two real estate ventures they were jointly developing
Constantine Enterprises Inc. alleges it is owed $29-million by Mr. Mizrahi for its 180 Steeles project, setting the stage for the latest in a series of court fights between him and his development partners
While often thought of as a last resort, real estate companies are seeing an increase in receiverships as bigger construction projects with multiple mortgages and parties involved start to run into trouble.
From one of Canada’s tallest condo towers to bare tracts of land, residential development projects across the country are increasingly being pushed into receivership.