David Daniel Kabbaz Chiver linked to Netherlands Antilles company that owned multiple luxury seaside condominiums outside San Diego: Part 3

Aerial photo of 1750 Avenida del Mundo in Coronado, California (Imagery available from the U.S. Geological Survey).

David Daniel Kabbaz and Victoria Zaga Daniel, husband and wife, purchased Unit 1404 at 1750 Avenida del Mundo in Coronado, California in November 1979 subject to a preexisting loan. The deed did not disclose the full price paid.

On October 8, 1982, David Daniel Kabbaz and Victoria Zaga Daniel signed a deed granting title to the condo to Festival Financial N.V., a Netherlands Antilles corporation.  The full price paid was not disclosed. On the same date, they also granted to Festival Financial N.V. the title for Unit 1104 at 1750 Avenida del Mundo, which we recently profiled. ChedrauiLeaks has also profiled David Daniel Kabbaz as president of Festival Financial N.V. (as of November 25, 1981) in connection with Unit 1410 at the same location.

Signature of David Daniel Kabbaz and Victoria Zaga Daniel on the 1982 deed

Festival Financial N.V. sold Unit 1404 to Joaquin Vargas and Elsa Gabriela Guajardo de Vargas, husband and wife, for $660,000 (based on the documentary tax paid) according to a deed dated October 21, 1996.

David Daniel Kabbaz, who is also known as David Daniel Kabbaz Chiver, is one of the founders of Grupo Danhos. He also serves as the Chairman of the Technical Committee for Fibra Danhos.

Jose Antonio Chedraui Obeso serves as an independent director on the Technical Committee for Fibra Danhos and on the audit, nominations, and practices committees.

Elvira Daniel Kabbaz Zaga is David’s daughter.  Elvira was confirmed on March 31, 2017 as David’s alternate as chairman of the Technical Committee for Fibra Danhos.

Documents

ChedrauiLeaks.org has noticed that the media in Mexico contains very little information about the business dealings and personal assets in the United States of what could be termed Mexican elites, wealthy business people and politicians. ChedrauiLeaks is not stating that members of the Chedraui family or its businesses had any involvement with Festival Financial N.V. or this condo unit.

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