Herding (Bernardo) Katz

From the Trib:

Pittsburgh Controller Michael Lamb on Monday said he will scrutinize loans the Urban Redevelopment Authority made to a would-be Beechview developer -- for years the bane of community activists.

Lamb said he will begin an investigation into nearly $700,000 in mortgages and loans the URA made to Bernardo Katz to redevelop four city-owned properties along Broadway Avenue in Beechview.

Katz defaulted on those and other loans, and lawyers involved in his divorce proceedings say he returned to his native Brazil late last year.

Link: www.pittsburghlive.com/x/pittsburghtrib/news/cityregion/s_573085.html

For more on Katz and his Mt. Lebanon connections, see posts here and here.

Katz Properties Set For Sheriff's Sale In May, June

The real estate empire Bernardo Katz established in the Pittsburgh region before he left late last year for his native Brazil is falling apart. Four of his properties -- with a combined debt of more than $1 million -- are listed for sheriff's sale in Allegheny County on May 5.

Listed for the May sale are three properties in Mt. Lebanon: a 2 1/2-story house at 384 Orchard Drive, on which $130,996 is owed; a dwelling at 500 Willow Drive, with a $239,373 debt; and a two-story house at 1010 Lindendale Drive, with a $334,665 debt.

Link: www.pittsburghlive.com/x/pittsburghtrib/business/s_562355.html

Bernardo Katz Moves To Brazil

Do you rent from Bernardo Katz? Have you been wondering why your phone calls haven't been returned? Here's your answer -- he has moved to Brazil! I know a few Blog-Lebo readers currently rent from him or have rented from him in the past, so now you know why you haven't heard back from him!

Link: www.bizjournals.com/pittsburgh/stories/2008/03/31/story4.html

Link 2: www.pittsburghlive.com/x/pittsburghtrib/s_560152.html (Updated 4/2/08)