Verwood Apartments in downtown Lake Orion has a new owner. Ashbrooke Investments LLC (Ron Omilian) recently bought the apartment complex on South Broadway from ZB,LLC.
Years ago when the old Verwood hotel was remodeled into apartments, the village entered into a lease agreement with the then owners.
The village leased village-owned property to them to provide off-street parking for the apartments.
Council members on March 14 agreed to continue leasing the property to Ashbrooke with the same terms.