the original claim by reyes’ former schoolmates was filed in august 2023, and the case is continuing. in a preliminary ruling in may of this year, a b.c. supreme court judge described it as “a complicated litigation which is in its relative infancy.” an amended version of the claim was filed last month.
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port capital’s financial troubles became public in mid-2020 , when the company’s highest-profile project — a glitzy downtown vancouver condo tower called terrace house that was heralded as one of the world’s tallest hybrid timber buildings — entered bankruptcy protection partway through construction. following two years of contentious legal battles , solterra acquired the property in 2022.
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reyes immigrated to canada as a child from the philippines, where his grandfather d.m. consuji served as secretary of the department of public works in the 1970s during ferdinand marcos’s rule. consuji , a construction magnate and real estate developer, was ranked by forbes magazine as one of the philippines’ wealthiest people, with an estimated net worth of us$3.68 billion before his death in 2017.
reyes has also been active in the community, including work with charities and the non-profit society working to build a filipino cultural centre in vancouver.
a 2014 business in vancouver story described reyes as a “rising star” in vancouver real estate, and noted that longtime friends were among his “top professional connections” and the company’s investors include people from st. george’s.
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law society of b.c. records show quon has no disciplinary history, practice restrictions or current regulatory proceedings.
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