ICG Properties
Encyclopedia
ICG Properties is a controversial real estate development
firm founded in Washington, DC in 1995. The firm is located at 1600 K Street, Suite 650 Washington, DC 20036. Its management team consists of Darik Elwan, Managing Member, David Stern, Principal and Stylianos Christofides, Principal.
as reported in the Washington Post prior to starting ICG Properties. ICG properties is a subsidiary of the Elwan group based in Dubai.
On several occasions community groups in the U.S. have clashed with Stylianos Christofides and ICG over their practices. Recent controversy includes plans to demolish a church built by famed architect I.M. Pei.
Real estate development
Real estate development, or Property Development, is a multifaceted business, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of improved land or parcels to others...
firm founded in Washington, DC in 1995. The firm is located at 1600 K Street, Suite 650 Washington, DC 20036. Its management team consists of Darik Elwan, Managing Member, David Stern, Principal and Stylianos Christofides, Principal.
Controversy
The company's founder Ibrahim Elwan was investigated for fraud by the World BankWorld Bank
The World Bank is an international financial institution that provides loans to developing countries for capital programmes.The World Bank's official goal is the reduction of poverty...
as reported in the Washington Post prior to starting ICG Properties. ICG properties is a subsidiary of the Elwan group based in Dubai.
On several occasions community groups in the U.S. have clashed with Stylianos Christofides and ICG over their practices. Recent controversy includes plans to demolish a church built by famed architect I.M. Pei.