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Santa Monica Council Orders Review of NMS Holdings

12/08/2016 11:16 AM | Margaret Fulton (Administrator)

December 8, 2016 -- The City Council on Tuesday ordered a review of Santa Monica ’s dealings with its largest local housing developer after a judge found evidence of wrongdoing during a recent contract dispute with a Boston developer.

The motion, which was unanimously approved, asks staff to verify the information that NMS Properties, led by developer Neil Shekhter, and all related entities provide in agreements to build and operate housing in Santa Monica.

Read More:  http://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2016/December-2016/12_08_2016_Santa_Monica_City_Orders_Review_of_NMS_Holdings.html


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