A once-thriving Milwaukee Asian market was left in dire shape by a company that operated it for less than three years before the former owner recently took back control. Now, Phongsavan Asian Market owner Pai Yang has won a court order that could help her eventually collect what she says are hundreds of thousands of dollars in damages. 5xen Inc. operated the market, 6300 N. 76th St., from April 2020 until Jan. 7. That’s when control of the property was turned back over to Yang, who launched Phongsavan in 2009 and completed a major expansion in 2016. Pai Yang sold the business to 5xen nearly three years ago through a land contract. She remained liable for the property’s mortgage debt even though 5xen agreed to take over making payments to the bank. When 5xen stopped making mortgage payments, Chicago-based Byline Bank in 2022 filed a foreclosure suit and obtained a judgment. Milwaukee County Circuit Judge Thomas McAdams in January ordered 5xen to turn the property over to Yang after 5xen failed to make a $3.6 million payment to her. Yang has since sued 5xen, saying it ruined the property and committed theft by removing commercial kitchen equipment, chairs, tables, […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
