CALIFORNIA | LOCAL
July 17, 2000 |
Homeowners in a downtown Santa Ana low-income condominium complex have sued the project's developers, alleging that shoddy construction has led to water damage and health problems for several residents. Residents of the Spectrum Condominiums have complained for years about collapsing roofs, faulty plumbing, flooding and electrical hazards.
November 30, 1999 |
Homeowners at the 159-unit Huntington Bayshore Condominium Assn. will split a $6.8-million settlement from a construction defect lawsuit, the association's attorney said. The Huntington Beach group had sued developer Newcomb Development and subcontractors, alleging that the 8-year-old project suffered from leaky roofs, stucco problems and electrical malfunctions, according to Ross Feinberg, the Newport Beach attorney who represented homeowners.
July 15, 1999 |
A condominium association on Wednesday reached a $1.5-million settlement with the developer of a 72-unit Coto de Caza complex that sustained damage during last year's El Nino driven storms. The settlement, which amounts to more than $21,500 per home, was finalized after a brief hearing in Orange County Superior Court. The suit was filed 17 months ago against Gfeller/Coto Venture developers as well as Gfeller Development Co. Members of the Fairway Oaks Condominium Assn.
CALIFORNIA | LOCAL
March 28, 1999 |
Los Angeles' Hyperion Waste Water Treatment Plant, once a major polluter of Santa Monica Bay, is now a gleaming model of environmental protection. But beneath the hoopla surrounding that $1.6-billion transformation are a host of costly mistakes that have already bankrupted some of the project's contractors and may eventually cost city residents $100 million more.
October 6, 1998 |
To most observers, Southern California's growing need for housing should create an ample market for new condominiums. Rising land costs are pushing single-family homes out of the reach of many would-be buyers at the same time that low mortgage rates make mortgages affordable. At a similar point in the last real estate boom, many buyers opted for new condos. This time around, they don't have that option.
August 4, 1998 |
In what may be the largest total settlement for a construction-defect case, Glendale Federal Bank agreed to pay $18.75 million for its role in the development of a 267-unit condominium project in San Juan Capistrano. The deal comes four months after the Mesa Vista North Townhomes Owners Assn. was paid $7.29 million by Orange-based CCL Realty Inc., builders of 57 of the units, and a month after an Anaheim subcontractor, CDR Concrete, agreed to pay $500,000.