A company owned by two New Zealander brothers who built their fortune off toys and consumer products is behind the recent purchase of multiple burned lots in Malibu. Nick and Mat Mowbray, who founded Zuru Group, also own development company Zuru Tech US LLC. The latter entity and its El Segundo address appear across the deeds and state registration statements tied to nine Malibu land sales that occurred between March and the first half of this month. Kevin Shelburn, who is the founder of Mar Vista-based Shelburn Realty Group, first unraveled the mystery via a video he posted on Instagram. […]
This article originally appeared on The Real Deal. Click here to read the full story.
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