HFZ Update - Losing Industrial Portfolio

Obviously it depends on the details, but how bad is this for HFZ? Losing this massive industrial portfolio today, laying off roughly half their workforce, getting sued left and right/Ziel selling his personal residence in the city.

Seems like he's in a terrible situation, is this one of the biggest booms/busts we've seen come out of this? Pre pandemic I saw HFZ as one of the top developers and very successful, crazy how things change.

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