After all investor lawsuits are dismissed against Ron Barness, former owner of Retail Brokers, Inc., is forced to start over in the retail market
PHOENIX – (July 15, 2010) – Retail Property Management, LLC, a new property management company for commercial retail spaces has recently opened in Phoenix by former owner of Retail Brokers, Inc. (RBI), Ron Barness.
Retail Property Management, LLC currently manages three shopping centers in the Phoenix metro area, and is owned and run single handedly by Barness.
Barness, former principal of commercial real estate companies, Retail Brokers, Inc. and Barness Papas Investments, was the target in a handful of investor and lender lawsuits that were filed when the Phoenix real estate market took a turn for the worse. All but one of the investor lawsuits have been dismissed in Maricopa County Superior Court; the last remaining investor complaint is anticipated to be dismissed as it finishes working its way through the court system.
The three shopping centers that Barness is currently managing under Retail Property Management, LLC are owned by investors who worked with Barness previously at RBI and who have stood by his side throughout the lawsuits.
“It has been a devastating ride that has taken everything I have made for myself out from under me and my family, but more than 99% of the investors I have worked with over the years have stood by my side, believing that I have done the best I could do,” said Barness.
Barness is currently focusing his efforts for the new company only in Arizona.