Blank Rome filed a business tort lawsuit on Aug. 25 in California Superior Court for Los Angeles County in connection with a $2.5 billion hotel and luxury residential tower development project. The suit accuses DigitalBridge Group and other defendants of allowing a third party entity to acquire an over $80.4 million loan from plaintiff CE-GH Urbanite Fund 2 LLC in an effort to abandon the hospitality real estate market surreptitiously and transition to the digital infrastructure market. The plaintiff asserts that its investment has been depleted as a consequence. Counsel have not yet appeared for the defendants. The case is 23STCV20554, CE-Gh Urbanite Fund 2 v. Digitalbridge Gr
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