Which Downtown L.A. condominium buildings have seen the most legal action?
Lawsuits or litigation have involved many condominium buildings and HOA Home Owners Associations in Downtown Los Angeles over the years, including 1100 Wilshire, Barker Block, Biscuit Company, Flower Street, Molino Lofts, Luma, Puerta Del Sol, Alta, Market Lofts, Higgins Building (also an assessment a few years ago), Concerto, Library Court, Bunker Hill Tower, Eastern Columbia, Sky Lofts, Skyline Condos, Savoy, Grand Avenue Lofts, Evo, Elleven, Cornell Building and Little Tokyo Lofts. Additionally, many smaller, unpublicized legal skirmishes have taken place, including a lawsuit between an SB Grand penthouse owner and the developer Barry Shy. Others include loft buyers who thought that their parking was deeded, until they lost their parking spaces to the real owners. Another quiet lawsuit took place between an Alta lofts homeowner and the old HOA board that failed to properly review a loft unit home improvement approval request.
Just yesterday, we heard that new super luxury highrise condos Perla home sales are on hold due to a mechanic’s lien from one of the construction companies. This made us ask if the communist China controlled concern is having financial issues just like many other mainland China based real estate companies. We were told “no,” and that there was simply a disagreement with a contractor. This calls for more investigation into the exact nature, cause and disposition of Perla’s legal issues. Coincidently, SCG also has a legal/financial issue with its Trinidad construction project.
Mediation
Several smaller, more quiet legal skirmishes have occurred, usually little notice and no fanfare. Currently, one loft buyer just filed a request for free mediation through the CAR California Association of Realtors regarding an historic loft that reportedly has issues of missing property components after close of escrow, issues regarding noise, plumbing and electrical. Experienced real estate agents suggest settling issues before litigation and before mediation because litigation can be extremely expensive, and mediation is not always successful.
Mediation is often required per the contract provided by CAR. Most of these home purchase contracts require mediation before litigation, otherwise there may be a penalty such as the inability to recover attorney’s fees.
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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, DRE 01889449. This information does not constitute legal advice. For legal advice, contact an attorney. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.