This needs some super sniffing to verify....

This is a forwarded email I got this evening that I have not checked out yet...But it was interesting enough to post on it's own merits...

On Nov. 16, 2006, the archdiocese sold a building in East Boston, formerly the church of the Parish of St. Mary Star of the Sea: price $850 thousand; buyer, MEE Development LLC (address in South Boston).

On December 6, 2006, MEE Development resold the property to Universal Church, Inc. for $2.65 million; a 20 day flip resulting in a $1.8 million profit; an annualized profit of 3,800% (211% over 20 days).

Interested parties, including the press, are now scrutinizing this.  From preliminary inquiries, subject to verification, it appears that the principal of MEE Development is a suburban Boston resident, lets call her Ms. "Susie Smith-Jones" for the moment.

Two theories:

1.  The archdiocese is so innocent of real estate values that it underprices one of its properties by a lot.

2.  [You figure it out.]

So, the archdiocese gives away almost $2MM, but has to call Suzanne Hurley on Christmas Day to "remind" her of their claim to the St James Mass collection, a few thousand bucks.

For giggles, I did a google search for "MEE Development LLC" and it yielded nothing.  I moseyed over to the Secretary of State and plugged in the name.  It's a new corporation on November 11th.  Looks like this savvy deal is their first.  Sole listing in the Corporation  - - "Shannyn Heyer-Cardin",  who must have fallen out  the sky because there is no google on her either.  Nothing under a business, personal google and nothing under Catholic.  She has no other corporation in Massachusetts listed on Galvin's site.   This is one lucky and elusive Harpeen.

She lists her address as 33A Street in Southie off of West Broadway - which, for you out of town folks, is the poverty stricken locus of South Boston.

Hey, this could be all on the up and up.... and just a two million dollar error on the part of the wizards at the Chancery.  Penny wise, pound foolish usual and customary debuchery. 

But....Somebody ought to pay a visit to 33 A Street and meet Ms. Heyer-Cardin, don't you think?    I'd like to meet the laddybucks of MEE Development.   

Comments

[R & B]

found 2 listings for Shannyn M Heyer-Cardin
Tempe AZ
Marlborough MA
It seems to be the same person (middle initial M)

[R & B]

add'l info found:

Address History for Shannyn Heyer includes the following cities:
3 Addresses in BOSTON, MA
1 Address in ALLSTON, MA
1 Address in ISLIP, NY
1 Address in TEMPE, AZ
1 Address in MARLBOROUGH, MA
1 Address in CHANDLER, AZ

[Carol McKinley]

The Marlborough address matches the "suburb" description in the email.

All very fascinating. She seems to have been able to keep quite a low profile in all those places. Such a smart woman with a lot of loot and her name doesn't show up in any searches of corporate america, not any Board of Directors.

I hate to be suspicious of the Taliban in Brighton, but I wonder if any of the other addresses were sold by the Archdiocese.