Real Estate Industry News

Stockdale Capital Partners declined a request to participate in this story, but court documents highlight a different version of events. The firm, in its complaint, argues that Irwantio stopped paying rent in November 2018, did not respond to multiple notices and illegally abandoned its restaurant venue. It’s suing the Irwantio business and Oren Loni, who is listed as a guarantor, for breach of lease and rent owed. A copy of the lease shows that Irwantio agreed to pay minimum rent starting at $112,000 per year and going up to $151,607.52 per year in 2027 — increasing on an annual basis — along with a percentage of gross sales, depending on business. Stockdale did not say how much in total it’s owed.