Shy Keeps Buying on Spring

600 s spring is downtowns ugliest building. Here's hoping that the new owner works to fix that.

Barry Shy is one of the most dishonest people I have ever come into contact with. He could care less about anything other than making a profit for himself.

Noms now being accepted for UgliestBuilding. We can call the award the "barry"

Sorry, this isn't news. The L.A. Downtown News had this in their quarterly development issue about a month ago. No offense.

As a resident of the Pacific Electric Lofts, I noted this on our bulliten board (pebuilding.org). If Shy ever is able to build the 15 story building he has planned at the southwest corner of Sixth and Main, the downtown enjoyed by some of our residents will go bye-bye. But, from what I hear about Shy, this is highly unlikely, and supposedly he is required to fix up the conversion buildings first. The pace that goes at, it'll be decades before that parking lot goes away.

By the way, is it true that rehabbing old buildings takes longer than new construction? It seems like the buildings in South Park (Elleven, Luma, etc.) are almost done and they are still working on the loft conversions at Sixth and Spring and Fifth and Spring. (though Security Building is open.) Am I imagining this?

Actually, I just read that article you posted the link to, and they make no mention of the 15-story tower at Sixth and Main that was mentioned in the Downtown News. So, perhaps that was a figment of their imagination? Anyway, it probably won't happen, but I would like to see the Historic Core get some of the new construction love, instead of all of it going to South Park. Just a thought.

We definitely don't want to Mr. Shy leading the way with new construction in the Historic Core. A couple of years I considered buying a unit in one of his projects. My wife and I decided against the deal because too many details seemed odd and demanded that I trust him to do the right thing. I was also overwhelmed by the number of people who contacted me about his business practices and warning me against doing business with him. Everything I've read or heard since then confirms the wisdom of our decision not to buy a unit from him.

Nonetheless, his empire continues to grow. Presumably, he has enough satisfied customers to keep growing.

"If Shy ever is able to build the 15 story building he has planned at the southwest corner of Sixth and Main, the downtown enjoyed by some of our residents will go bye-bye."

What? You think that corner in its current condition is so nice and good that it being built upon will hurt what you've "enjoyed"? Unless you actually mean the developer has a poor record in real estate and may therefore build a piece of clap-trap, I don't understand where you're coming from.

I actually (unintentionally) left out a very important word there..."If Shy ever is able to build the 15 story building he has planned at the southwest corner of Sixth and Main, the downtown VIEW enjoyed by some of our residents will go bye-bye." That's all I meant, that the 15-story tower would choke off any view of the Library Tower, buildings on Spring St., etc. That's all. But leaving out that one word does make it a lot more confusing, dunnit?

Barry Shy is a slum lord. When I moved into the unit I am currently renting there was no hot water, no heat, and the place was filthy. Four months later hot water still takes 15 to 20 minutes, I had to clean up the mess that he said would be taken care of, I've recieved eviction notices from his incompetent employees saying I didn't pay rent when they already cashed my check weeks earlier and I am now looking for a new place to park because he increased parking rates and demands that eveyone pay for 3 months at a time. This last bit has the residents at the Bartlett building up in arms. Please encourage any prospective loft dwellers whether friends or acquantances to steer clear of properties owned by Barry Shy. He is a criminal!

If you see this message, Joe, I'd be interested in a reply. First of all, I thought the Barlett was an owner-occupied condo building. If you're actually renting a unit owned by a third party, or someone who's not Barry Shy or affiliated with his company, why didn't that person take care of what you say was "filthy"? Or more importantly, what made it filthy to begin with?

I keep seeing negative comments about Barry Shy, and I'm trying to get to the heart of the matter, to determine whether his presence is going to come back and bite the community in the proverbial ass, or what slumlords are infamous for doing to neighborhoods.

My family used to be tenants of the Spring Street building which a few months ago Barry Shy purchased. He gave everyone in the building 30 day eviction notice, which I now learned is perfectly legal under the newly revised law, and luckily my family was able to find a new place near 11th and Main. I have a question for those of you who are more familiar with the Lord/tenant law of California. Barry Shy charged us for the month that he gave us the eviction notice, which I heard is not legal because the eviction was not due to our disorderly conduct or a breech of contract or any wrongdoing on our part. Although we were sans any contractual agreement the last few months we were there. Also, he charged us 500 some odd dollars for cleaning fee for the space that will not be rented out again but will be demolished for a construction! Is that legal, or do I have a case against him in small claims court?

A little late to this discussion, but I wish Barry Shy would be barred from further development downtown. I've never dealt with him or lived in his units, but I've seen units in Bartlett and Higgins. Higgins is a gorgeous building, but the build out was pathetic. Bartlett, however, is a travesty!! The units are so pathetically small, with cheap finishes. If he keeps going, he could singlehandedly cause development downtown to tank, by glutting the market with a bunch of unappealing tiny condos, falsely marketed as "lofts". As an aside, his sales staff are bizarre and insanely over-aggressive. I think he grabs people from illicit call centers or something.

I lived in one of Barry's units for over a year. Among the many complaints I have:

1. Not getting 1 months free rent as promised.
2. Not repairing the hole in my bath tub which leaked into bedroom.
3. Not replacing the faulty halogen bulbs in bathroom with burned out every 3 weeks.
4. Use of refurbished appliances.
5. Cancelling of free internet service for building.
6. Not clearing trash jams in trash chute for 3-5 days.
7. Selling my unit without giving me full 90 days of option to buy in violation of CA law.
8. Not giving me information on new landlord as required by CA law.
9. Never cleaning exterior windows.
10. Movement of "GYM" to the parking garage without any notice.
11. Ridiculous staff members.

My best experience was when I went to the sales office and asked for the building manager and was told that "We don't have a building manager anymore. We all just help to run the building." Nice way of not assuming any direct responsibility. This guy is a clown. I was only renting, so I feel bad for those locked in by buying one of his units.

DO NOT BUY OR RENT FROM BARRY SHY YOU WILL REGRET IT. THERE ARE TOO MANY OTHER OPTIONS OUT THERE. THIS GUY IS A CLOWN

I'm a former Bartlett Loft owner. I sold by place almost a year ago. Having Barry involved in the sale made it difficult, due to the parking situation. The only way to stop him is to avoid his properties, get the word out and support these forums.

I’m in the Elleven project now, just moved in. The sales staff and organization is better educated but with every new project you have to have patience.

The posts thus far do not scratch the serface of the man you are discussing.I have known Barry for many years, as well as his family, associates, peers, and almost all of his employees, and hired contractors. I have been involved in discussions with city officials at all levels about him, he is notorious.You will not touch him in a court of law. Your petty complaints make him chuckle at night rather than make him lose sleep. He has broken many federal laws, and marvels in telling the stories. To you all I will advise:THERE ARE CHINKS IN HIS ARMOUR. ANYONE WHO HAS EVER WORKED FOR HIM, HAS WITNESSED ENOUGH TO BRING HIM DOWN. A GOOD DETECTIVE COULD UNRAVEL HIS PAST AT AN AMAZING RATE. THE TRUTH IS QUITE AVAILABLE.

Anonymous, that is a really interesting post. I too had a soul-sucking experience in a Barry Shy development (Higgins Building). I won't bore you with the details of every corner he cut, lie he told, and financial hardship he caused the people who supported his development. I considered myself an early-adopter of downtown living and was excited about investing in and living in the developing area. I still keep my eye on new developments b/c the buildings and potential downtown is really interesting, but I always filter my searches for any Barry Shy development. The guy is a horrible, horrible "businessman" with no principles, and does seem to take pride in winning battles that he has no legal right to win b/c of people's lack or resources and our corrupt and incompentent local officials.

I happen to know Barry quite well in fact. He is not the evil monger you all have made him out to be. Most are not happy with him because he has the audacity to actually DO something about cleaning up our downtown area, and he is doing a great job. Of course he is making a profit, duh, if it were you, you would do the same. Barry is a very smart, intelligent man, who has hopes of making downtown once again a nice place to WANT to be. A few years ago, I would never have considered going to downtown, let alone spend an evening in downtown, it was very nasty, at least now there are a few very nice places to want to be. My father actually built a few of those tall buildings in downtown LA, it is special to me for that reason, and I love the fact that Barry loves downtown enough to put his time, money and expertise into recreating our downtown LA. It used to be a beautiful city, if all of you would put more effort into making things better instead of bickering about someone else doing it instead of you, the world would be a much better place now wouldn't it? Also, you might want to check your facts before you start making accusations. Barry is not so little minded to show off or brag, he is a true gentleman! I have no problems what so ever doing business with him, ever. As for the parking fees...come on people, are you really that ignorant??? It's called the trickle down effect! When his cost's rise, (24 hour valet and security) do you think he should just eat it??? You wouldn't! Why on earth would you expect him to? It's also about making sure that he doesn't go broke providing all these little luxuries for the peole that BUY his lofts! I hope that you people actually stop and take a look around, talk to him if you see him, he is really a great guy! I have been a carpenter for 12 years, and he is very easy to work with, I would do anything for him! And if you think he reads any of this...your insane, he is better than that!

Well, I'm glad that's cleared up. Me, I was always skeptical of first-hand accounts of former residents. It is good to know that an employee of Mr. Shy's can vouch for his good name and let me know I'm insane. We can all rest easier now. Thanks and have a nice day!

i'm amazed at michelle's comments.. oh, by the way, the sales agent's name at the barry lofts was named michelle.. just a coincidence i'm sure..

and yes, i was about to buy a loft in there.. until i smelled something fishy.. uh, that was when i returned to the sales office, there were about 2 different residents complaining about inexplicable charges and outrageous charges for lost parking remotes. also, nothing is protected.. hoa can go up up up as high as it wants (who's to say that barry and prop mgmt company can't split the hoa fees.. why's it so high anyways?!) and no, you dn't get a parking space.. valet? hahahha.. hilarious.. count the door dings you'll get..

anyways.. just wanted to comment on michelle..

Regarding Mr. Barry shy, you live here in his building, you feel like a home and why? I just love the people around me in the same block and in his office and after work, what more can I expect to a comfort surrounding. People who have the same quality and wishes of me/you are here. think about it rationally: someone is using his money, his efforts and good wills to do things to make the Downtown a better place at no costs to you......Think about that, who will do this for you, your parents, your brother sister, your friend. May be they will and may be they are about doing so, guess what, Mr. Shy is doing that for you in such a big scale. Wouldn't you be laughting quietly on your pillow?! If not, think again.

If only I had even an inkling about what I was getting into when I bought into a shy property. what a total fool. However, how could I possibly guage the extent of his "litle man" complex, his psycho-crazy outbursts, his petty personality and his utter ethical corruption? I never googled his name on the web. Pity. If I had it would have saved me a lot of grief. Now, because of a soft market and the soon to be legendary insane parking problems at my building, I am stuck here at least for a year. It is interesting to note in a DOWNTOWN NEWS story that many "officials" and tenants and former tenants would not contribute comments to the article about Shy as they were afraid of his wrath! Is he some sort of Mafia guy? So Tom Gilmore, more and more clearly seems to be an idealistic Luke Skywalker- the Developer With A Heart, who cares about his client AND the community. Shy is the mini Darth Vader- a rapacious opportunist, hoarding his profits, and not bringing a shred of good-neighborhood friendliness to the Downtown community. If Shy hadn't bought the buildings he did, someone else would have. Big deal. The collective anger, frustration and dissapointment he has provoked is noteworthy, not his Net Worth. If you google Tom Gilmore's name-which I had heard of, but never thought there was any big difference between developers-you will not find A SINGLE bad thing said about Mr. Gilmore. Now THAT is impressive. Sadly, I cannot get in a Gilmore building at the moment, and the realator I spoke with said he hasnt gotten ONE phone call on a Shy unit that has an appealing look and good "location". Why? The word is getting out. As for the One Woman Shy Cheerleader "Michelle", I heard that she is (lets all say 'awww' together) his Girlfriend. Well, live and learn. Sadly, it cost me my life savings, to be a "first time" buyer and I am in financial bed with The Bad Guy. Great. If you know anyone even remotely considering buying or renting at a building owned by this man: BEWARE! YOU WILL BE VERY VERY SORRY. In fact, you will cry into your pillow as Shy continues to laugh into his.

This Barry-bashing is unwarranted. As a pioneer in his field--making urban living for young professionals viable in Downtown Los Angeles, Barry has stepped in where the CRA and the City has failed on Spring Street--after-project after project --during the 1970s, '80s and '90s, including a pioneering condo conversion, a repertory theater and a short-lived night club in the old Stock Exchange building. The-ignored Historic Core vis a vis South Park or Bunker Hill can be a happening place---thanks to the efforts of people like Barry.

Barry does shoddy work. And this mole will eventually make up for his ill ways. Pioneer yes cheapskate of course business man yeah mental midget 100%!

I CANNOT believe some of these negative comments. People are cruel. I have lived in Barry's unit for over a year and it has been a GREAT experience! He is the nicest man; both helpful and caring. He has helped my husband and I in various ways, and I can honestly admit that moving into his building was one of the best decsions we've made. What can I say? People look for solidarity and ways to vent and complain no matter how good they have it.

I live in a barry shy building. I never had any issues at all. In fact I think I got the sales guy fired. I got a good price on a unit. No major complaints here. Although it seems like there are alot of angry people. The valet is work in progress. Im just looking forward to the pool. Knock on wood. I was going to buy at the barlett building. damm.

Barry Shy is a great man, if one can look the facts, not by jealousy. I have lived in his building for about a year, and I enjoy the HOME feeling and the security and peace. I have also heard his COMPETITORS of other loft building during the tour last month, that the competitor used very insulting words towards barry.so think......Barry has NEVER gave any comments on any of othe rdevelpers, in contrast, he believes that the more develpers in down town, the better will be for the LAWHAT A GREAAT PERSON BARRY IS......Why? Because I hope if rest of the develpers think the sameour world will be much more beautiful. Like, your sincerely.

Barry believes that if all of us enjoy each other, together we can make Down Town LA a better and better place for us_while his competitors spoke about his building condition etcdemonstrating us, the great difference in character. I believe barry's one is better. Surely you agree. Would you ever make a friend who will insult your neighbour? your mate? or even a stranger?_No. Thank you!

The building is freakin fantastic! The valet is great. And yes, Barry is great. These damn complainers are nothing but lame assh** searching for any reason to bash the most successful developer in downtown. Every blog writer here would swap places with him in a second. So who's the hypocrit now?

Before buying in the ShyBarry Grand, I didn't think it mattered to investigate who I was buying from. Now, unfortunately I know better. The attitudinal valets, the yelling nephew of Barry Shy, the office which couldn't be less helpful to my loft flooding, to nails in my tire in the parking garage, to the siphoning of gas the valets do, that the security guards have proof of if they chose to care about actually doing their jobs. Barry Shy is the worst businessman I have every come across. Most realtors who know what they're getting into refuse to even try to sell the units in this building because the hoa goes and kicks over their signs, rips down their fliers, and makes it impossible for anyone to do anything in HIS building because he doesn't want to lose out on a sale of one of his own units. The office staff is beyond horribly disorganized and couldn't care less if you have a question about anything. Like dan lykes above me, when I started my sojurn at the Barry Shy building, I had nothing but positive feeling at the prospect of living here and starting a new city out. I sent them roses when escrow closed, I chit chatted with the office staff. It all changed very quickly though the moment I had a question they were too disorganized to answer. This man is a criminal.

I'm sorry to read about FP's experience at Barry Lofts. I had a very similar experience, having bought two units, one my live/work, the other a rental-income investment, at another of Barry Shy's projects, the Bartlett Building. I sold the rental unit in 2006, and then decided to "trade up" in early 2007 and sold my second place at the Bartlett Building and bought a larger unit at Little Tokyo Lofts. I've been a real estate broker and Downtown condo specialist since 1989, so I know all the buildings and liked Little Tokyo Lofts the best. It now serves as the office of my company, Downtown Residential Real Estate, and my second home. I wrote an article about my "trade-up", which I'd be happy to email to you. I also publish a monthly eNewsletter with information and articles of interest about the Downtown condo and loft market. Call me at 213-221-4514 or email me at downtownlofts@gmail.com to receive the article or subscribe to my monthly eNewsletter. I also moderate a blog www.downtownlofts.blogspot.com on which you can post comments on general or specific "downtown lofts" topics.

Shy Barry is one of dishonest person and the most like it a low quality person. I bought a loft in December, but I did not moved till April. Between those time he "Shy Barry" put my loft as demo without my authorisation, when I found out, I complaint about it, but again he do it same over and over and he remove the microwave and replace it with other used, I complaint the office about that the promese to put it back, for around three months nothing happen, I decide to take it to small claim, but if we together take it this person to a court a law will be a different case. my phone is 818-461-4186

I feel compelled to write and here's why: Over two years ago I moved from London to the Higgens loft and am quite happy actually. The price is abslolutely unbeatable, and the office staff have been helpful/friendly to say the least.

In response to "FP" - How can anybody take you seriously with your grocery list of complaints! Pick your battles for Christ sake. Might I add that the valet attendees are not responsible for nails in your tire. With that logic you probably blame Mr Shy for your erectile dysfuntion. In truth, I doubt that Mr Shy or his personnel are the source of your unhappiness. If I may suggest - seek out a therapist.

In response to Alan: Grow up. There are real problems in the world which are a tad more important than a microwave.

I purchased a loft/condo in the Barry Lofts on 5th & Broadway over a year ago. I didn't do my "Barry Research" beforehand and have been floored by all the negative comments. There are definitely issues I deal with from time to time. However, the issues are the same issues I dealt with when I lived in Marina Del Rey and Venice. I love my unit, love the location, our HOA dues are extremely reasonable and our parking fees at $150/month are just below market. I'm also convinced someone siphoned gas from my car on a few occasions...I thought I was going crazy until I read this blog!

My experiences with Barry have always been cordial. However, most of his employees will tell you they don't enjoy working for him (probably a driving force behind the poor customer service). The amount of negative comments across the board isn't a coincidence. Either way the guy isn't going away and is in a position to impact our community in a big way. For this reason alone I hope his Spring Street developments are successful.

Finally for Barry - PLEASE tap into the history of the buildings you purchase and convert. People want to be part of the rich history the Historic Core has to offer. Otherwise they'd move into a new development in Times Square (oops, I mean South Park). No one wants to live in the SB Manhattan. Figure this one out fast. You can pull out the signage and patch up the holes in a few hours. Consider it the first of many olive branches you owe our evolving community.

My experience with "Barry" is just as everyone, with the exception of "Michelle" has been. I sued him over 2 years ago for keeping my rental deposit, received a judgement and still can't collect. The sherriff's haven't collected on my judgement, they must be in Barry's pocket. As for employee's of Barry's not enjoying working for him, that goes without saying, with the exception of the hooker's, OOps! I mean self-employed models he used to run up to the penthouse in the Barry Lofts. It just struck me Michelle must be one of the "hooches", he was tapping.

Barry's workers are fine, and Michelle is such a sweetheart. "JB" you're a dick! And too chicken to even write your full name out.

Sandy don't be dumb the guy is a crook and a DICK. Michelle may be a sweetheart but really who cares. Barry is a mental midget who keeps on being sued for shitty work. Don't be dumb

Sandy Who the F**k are you? And if Michelle is such a sweetheart, maybe she can help the prick find his checkbook and pay me the court ruled judgment. As for not using my whole name, all he has to do is check his LLC's credit report, my name is right there under judgment plaintiff.

yeaa.. barry is my uncle unfortunatly.. im not too fond of him either.. i find it kind of amusing reading all of your posts hahaha go on...

I can't believe I actually read all of the cry-baby complaining on this site. This sounds like one person using various names to post a few ridiculous personal issues.

I am also having trouble dealing with Shy. By chance, I Googled Shy's name and chuckeled at all the comments made on the character of this devil of a man. This man makes the rules as he goes to suit himself. I know on one development, he changes the topography of the land so that he can make more develpement. He also signs doccuments and later says that its not his signiture! sounds familiar? He cares for no one or nothing but to make more money. And he will use anyone's name as his own without a thought or a care as to what this will do. I don't know why with his unlawfull practices, they city personell do not stop his work in this city.

I have lived at the Barry Lofts/Shybary Grand for 3 years. I've never met Barry so I won't say anything about him, but I can definitely corroborate the valet stories. They damaged my car 3 times with no reparation. I took a cell phone picture of the mileage of my car when I parked and again when I picked it up for a month (I don't use the car often and they noticed), and it had up to 25 extra miles on it. They definitely siphon the gas. One time I parked with a 1/2 a tank and when I picked it up it was so empty I could barely get to the station on olympic and grand (and no, it didn't evaporate, its a brand new $80K car). One time I even caught a valet sleeping in my car! That was the last straw, now I park at the Biltmore. Oh, and the building just gets more ghetto by the day. The gross, stained, industrial grade brown carpet they laid in the lobby goes great with the foreclosure notices on the front door.

The residents at Barry Shy's 312 W 5th St are getting together to have a meeting about making a lot of changes in our building. We want a new management company (other than Barry's) and we want a board of directors that is not related to Barry Shy.

I had heard that either Barry's Bartlett Building or the Higgins building had recently done some legal battle with the developer. Does anyone know the specifics of these cases, or can anyone point me in the right direction to read up on them? I want to know what happened. I believe the battle was over the parking lot??

Any advice would be greatly appreciated. Thanks guys! We need help!!

aviso: Steve Lopez has been tipped off regards the infamous S__ster. Let everyone keep their fingers crossed.

i dunno about all the comments regarding Barry Shy. seems some are for and some against.

in any case , one building has taken the initiative to try and organize a community forum on the web. i guess if there are shady things happening it will get out. if not, then it should serve as a place for potential buyers to learn more about the building.

it's at http://www.312west5th.com and i invite you to join the discussion.

Hey all... I'm sorry all of you have had bad experiences with Barry Shy but that has not been the case with me. I have had several problems with my unit (appliances needed to be replaced, leaking roof etc.) but when I spoke with Mr. Shy, I found him to be fair and reasonable and he promised that these things would be fixed. Sure enough, nothing took more than a week to be fixed. When I decided to purchase my unit, he gave me a very fair offer and threw in some incentives as well. I love my unit and my building (312 W. 5th St.). To call Mr. Shy a slumlord is an injustice. Just take a look around at other buildings downtown and u will see what a slumlord really is and how egregiously HOA funds are spent in those buildings.

In any situation like this, there wiill be people who have strong feelings on both sides of the story. But the thing that I keep reading in these posts is not as much "hey, my building is ugly" or "your maintenance staff is rude" but is "my contract states "X" and it is being broken" or "The law states "Y" and that is being egregiously violated." It doesn't make you a "crybaby" to expect the contract you entered into in good faith to be honored, whether it's your escrow agreement for tens of thousands of dollars or an $85 microwave. An unpaid judgement against the man is never what I would consider evidence of honorable business practice. Furthermore, if he cared about his good name, he would try to rectify the fact that in downtown his name is synonymous with unethical. Unless, that's not important to him, which would be contrary to the ethos of nearly every businessman I can think of...

For the boosters of Barry Shy, who seem to think that he's a hero for doing all those loft conversions when he did, remember that until 1999 and the Adaptive Reuse Ordinance nobody was doing anything about downtown. All of this development has happened in the last 6 or 7 years. Personally, of all the buildings around, I think his are more indicative of a "gold rush" attitude toward downtown. There is a related topic somewhere around here regarding the short lived porn store on the corner of 7th and Spring, and the striking thing to me about that store was not the fact that it was there, really, what's more offensive, a porno store or the numerous cut rate underwear and sneaker and "wholesale perfume" shops that he let in, but he allowed the owners to block off the windows of the store with shelving. I'm not going to be an elitist jerk and plead for a fancy cafe or a "hip" tchotchke store, but really, are those are the "only" businesses he can get as tenants? I'm going to get into the 5 for $10 t-shirt business if you can make enough money to afford "market rents" downtown. Rather, I would imagine that the absence of any tenants who cater to any trade other than the cheap sock crowd, as I call it, reflects on the ability of prospective tenants to read the fine print of a contract and understand that if they are choosing a site for a more sophisticated enterprise which may require more than some pegboard shelves and a few tables they are getting themselves into big trouble. Furthermore, the longevity of a tenant is always a great indicator of many things. Why is it that there are constantly new commercial tenants in Barry Shy's buildings? Or, why is it that there is constantly for lease and for sale notices at the Bartlett whereas Spring Towers and City Loft Square average about a vacancy or two a month, if that. People speak with their feet.

For me, as a resident of downtown, I think the best illustration of just how much forethought and consideration goes into a Barry Shy development is the blind wall on Spring Street, out of view of all businesses, security personnel and valets yet totally exposed to the sidewalk on one of the busiest streets in downtown, the primary function of which seems to be as a practice board for the 18th gang taggers and a convenient urinal for the men waiting for the bus. Yes, it's true, he spent millions of dollars renovating a builiding and people piss all over it. Before you tell me that people piss all over every building downtown remember, he built that place out from a shell, there was an opportunity to NOT build a public urinal.

If anyone lives in a Barry Shy building and genuinely wants to do something about all this, please email me at improvehoa@gmail.com - there's a group going - things are happening. Also, Dave #48, please do write.

Check out www.312w5th.com - it's that building's website.

Barry Shy, a true slumlord has a stranglehold on these poor residents.

Word has it, he has taken half of the rooftop's common area, put gates around it, and GIVEN it to his nephew who's penthouse shares that part of the roof - illegal.

It's not even just that the parking is $150 - even though there is parking, if you have say lived there for a year w/ one parking spot & you want to buy another one, Barry Shy unlawfully charges a retroactive parking bribe for a year's time that the 2nd car hasn't used, i.e. you must pay an $1800 bribe to bring your 2nd car in.

He also tells realtors who try to sell units in the building they're not allowed to put up an open house sign in the hallway, as is common in the rest of the American free world - according to the California Civil Code, that is unlawful.

He has not, & will not disclose the Davis-Stirling Act mandatory financial disclosures of reserves, budget expenditures, etc to the residents of the building.

He is president of the board, his son is a member of the board, his nephew Amit Tidhar is secretary. Barry Shy owns & operates the management company that runs the building, and he owns and operates what is supposed to be the common area of the garage as his own company.

There's a reason this is the only downtown development that has not held its value.

The HOAs don't include parking as most other downtown buildings do, don't include a right to parking, which other downtown developments do.

The lobby has been covered with marble - it looks like a mausoleum. The floors are uneven concrete stained a horrible, unartistic, dark brown.

There are several suits pending against Barry Shy, including a giant one in his Bartlett building for construction defects, breach of fiduciary duty, etc. As well as suits in his past Higgins building against him from his development partner on that building Andrew Meiran. the tenants of that building are also suing him for kicking them out unlawfully.

Gang writing has appeared in the halls of this 312 building. Multiple low income residents are moving in to below-market priced rentals.

Barry Shy is a cash poor millionaire, so the 312 building is likely to soon get hit with a bogus assessment, as did his past Bartlett building.

The levels of unethicality are profound.

He has also been known to retaliate against his tenants. When the Higgins building all got together to protest the parking hike, he took every name off the petition to bring the price down, and banned them from parking in their own building's garage.

I have heard from other realtors, it's a blacklisted building. You can't even pay realtors to take listings in this building.

I don't care what the price of this unit is. The only way I would consider it is if it were priced at 25% market value.

I hope the homeowners in that building are aware of the bad situation they have fallen in to and are doing something about it.

An open letter to Barry Shy !

I just discovered this blog, but felt compelled to comment.

As an owner in 312 it is discouraging to see what could be an incredible building, dropping fast in value due to an undeclared war going on with a building owner that would rather shoot himself in the foot, than resolve what are still rather small problems in a cooperative manner with his fellow building investors. He is in this as deeply as we are, and if we all worked together he could sell the rest of his units, values could go up, the HOA could be healthy, and we would all be having a party on the roof to celebrate his newest venture in this city.

There is no doubt that the turn over of people in the management office, including key people responsible for many of the original sales, has hurt customer service. They either do not care, just are powerless, or are told it doesn't matter if they care. Apathy is not the response one wants when there is a leak in the unit above you, or vandalism taking place in the hallways.

Barry, you have many names and identities and corp shells, and it appears you are a very sly SHY. The question is, why wouldn't you want to partner with all the other owners to bring about a success that can be used to help market your new property, bring realtors back on board, and put money in yours and everyone else's pocket?

I propose that everyone put aside the past, and try to collaborate on a new future for 312 that will increase everyone's property values, and get the rest of these units sold sooner than later. Help us help you .. help us ALL Barry ..

If you could increase the value of your unsold units, get the cooperation of everyone else in the building to help them get sold, put all that extra cash in your pocket to be used in this buyer market, why wouldn't you want to do that? Cooperation can make it happen, digging in and getting even just creates a war that no one really wins.

If everyone worked together to get this building set up as a historical building, lowering taxes, that HAS to save you a ton of money too. What could you do with that extra cash?

Some say you are a saint, some say the devil, but I say that the future is tomorrow, and we can start doing something about that now, if we all work together.

Quite honestly, I can wait this out. I don't live in the building, and I am not renting it out, just biding my time, but I think there is a great opportunity here to do something special, and Barry you could be on the cover of Business week as the man who is helping to recreate a new DOWNTOWN eco-structure and culture. Win win for everyone!

I know that some of you have hired private investigators, and a that there is a criminal investigation going on as we speak, none of which will ultimately help this buildings values go up, and only delay any real progress that might be made. Partners, enemies, war, or collaborative partners. It is everyone's choice .. what say YE?

stillhopinginLA

As they both began to sink beneath the water, the frog asked the scorpian on his back, "Why did you sting me? Now we will both perish in the river."

The scorpian replied, "Because that is my nature."

I totally understand your point David, but the best chance for cooperation, and potentially shortest path, is to find a solution where both sides have something to gain. A civil law suit, even criminal action will take time, and benefits no one short term. ON the other hand, some sort of agreement that brings everyone into a mutually beneficial working arrangement could allow everyone, including Mr. Shy to focus energy on actions that will increase the value of our building, and make the available units more attractive to potential buyers .. Barry has a LOT of empty units, and I am sure he would rather have the cash in the bank, who wouldn't? With a new project starting, I am sure the cash could come in handy. There is no harm in presenting the option ... and if we find common ground, everyone could win. IF not, then everyone continues down the same road ...

I am a friend of Barry Shy, and leave at 312 West 5th st. I have brought to Barry's attention the open letter written by stillhopinLA. Barry told me the following: He would rather not being involved on the gossiping blog and also that the writer is being influenced by in corrected rumor and head full false allegation. Obviously, the homeowners and Barry, himself share the same interest: To maintain the building well, efficiently,and increase the value of the assets. Here are the facts: After the sale of more than 100 units, at Barry's sole expense, he built on the roof top a pool and spa for the HOA benefit, last year he completely remodeled the lobby, and recently converted portion of the first floor into garage for the resident benefits. Barry is always looking for a way to improve and add value to the building. In addition, the building HOA dues is amount to half than other similar buildings in downtown and the homeowner have never been charged special assessment. Barry is very approachable and everyone that desire to talk to him can do so. I heard him always state at homeowners meeting that he desires to work with the homeowners, to protect and enhance their common interest.

Who translated the previous comment into English?

stillhopinginla : great stuff - but have you met the guy? charm is not a quality he has.

mydowntownla: try to find allegations about say, downtown developer Tom Gillmore. I couldn't. In fact, not only did I not find bad blood about Tom Gillmore - I found awards - the donald trump award in fact. check him out. he's a kool kat because he gives away the unused basement spaces of his buildings free of rent to local artists. ya know? when you walk the bank district and see the pretty, lit up, art-filled basement areas of his loft buildings - he's doing that for free. because it is community enriching - and in the end, enriches the value of his building too - unselfishly.

mydowntownla: before i bought my pad at 312, a rooftop pool was advertised. therefore, the b man was supposed to use his own money to build that pool - because he said he would - my flier is dated 2 years ago that says 'pool' . lets hold off on giving him a medal for that one. but you have to appreciate the creativity of the salesman like spin he put on that one.

In response to mydowntown la...correct me if I'm wrong, but when a developer comes into a building and converts it to condos, there are certain standards that apply. 1 being, the remodeling of lobby's and hallways. I don't think any developer deserves a medal for that. It is expected and supposed to be done, along with updating the electric and plumbing and making sure the building is in good mechanical and structural condition. Many of the buyers of Barry Shy's buildings are first time buyers and don't know any better. When buildings are converted to condos, don't settle for less than standard.

Yippie, he put a pool and spa on the roof. Do you know that increases the buildings insurance costs, therefore increasing HOA dues? There are so many foreclosures in the downtown area, they don't need higher HOA's. Why not worry about the basics first.

As for parking, the developer should also make sure there is plenty of parking for each unit. I have never heard of a developer retaining the parking for his own benefit. The owner's of the building should have full control of the building that they live in and pay HOA dues for.

I can't believe the city still allows a developer with this reputation to operate. I'm sure there must be city codes that are being broken. There is no one from the city looking into this? Yes, I agree, it is fabulous that a developer is coming into the downtown area and restoring the buildings, however, that doesn't give anyone a pass to screw others over.

I am a realtor and have a buyer who thought she was closing on a unit in one of his buildings this week. Unfortunately, the building is in such bad financial shape because of things that have occured with the developer, her lender won't approve the loan.

I encourage you to always investigate who the developer of the building is and what type of reputation he/she has. It can only help you in the future.

Best to you all.

Here's a list of his court cases: http://www.truedowntown.com/barryshy.html

hi everybody,

i'm thinking of buying a unit in the Higgins. Should i be very scared???

thanks!

Mike, ask your attorney.

I understand Building & Safety cracked him good recently for violations at 6th & Spring. Something about the mezzanine construction....