November 17, 2024 8:51 am
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Cavan ventures face Chapter 11, investor lawsuits

By Mike Sunnucks

Phoenix Business Journal

Scottsdale developer David Cavan and some of his Arizona real estate ventures are at the center of Chapter 11 bankruptcy filings and lawsuits brought by investors in some of those projects.

Cavan is a veteran of Arizona’s real estate industry. His holdings have included commercial property in the Phoenix area and sizable interests in Sedona and Prescott.

As with some other Phoenix-area developers stung by the Great Recession, several Cavan-related entities have filed for Chapter 11 bankruptcy protection in the past couple of years:

Cavan Management Services filed for Chapter 11 on Sept. 11, 2012. Creditors include investors, financial institutions and another Cavan business.

Continued:

Also: Glendale Investors files Chapter 11/St. Louis Business Journal

Former Dback Schilling accused of fraud/ AP http://www.nytimes.com/2012/11/02/us/ex-red-sox-star-accused-of-fraud-in-rhode-island.html?ref=todayspaper

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