Sep 10
2025
Jemal late in paying millions in bills
Contractors have filed nearly $3.7 million in liens for unpaid bills against Doug Jemal’s projects in Western New York over the past year and a half. It’s another indicator that high interest rates and the diminished market for office and retail space have put the screws to the developer’s business. Jemal called those conditions “a pandemic of real estate” that have made cash flow tight for his company and real-estate developers across the country. “There’s cash flow issues, no doubt,” he told Investigative Post. “But we’re taking care of this. We pay our bills.” The mechanics liens — a legal[...]