Melchiori leaves investors in litigation

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By Alex Kacik / Friday, July 1st, 2016 / Comments Off on Melchiori leaves investors in litigation

Norm Borgatello was blindsided. Borgatello and his real estate investment company, Valley Improvement Co., have a majority stake in La Cumbre Office Partners LLC, which manages a medical office building at 200 N. La Cumbre Road in Santa Barbara. Borgatello and La Cumbre’s members expected 4 to 5 percent annual returns but instead could be…

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