
California, USA - A group of private Chaldean business leaders from California and Michigan has begun exploratory efforts in rescuing a failed commercial building on Broadway in El Cajon, California.
The six unit building was forced into foreclosure by El Cajon City Council after ongoing disputes with the city’s nonprofit partner, Heartland. The city entered into a partnership with the nonprofit in 1999 to buy and renovate the rundown building so that Heartland could offer job training and other programs there, but Heartland failed to make loan payments.
Due to informal bid discussions on commercial property in California, www.CHALDEAN.org was able to discover the major share owners of the hundred million dollar Chaldean group considering the purchase of the building.
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