Threat of Lawsuits Crimps Condo Developments
The slow comeback stems partly from developers’ increasing confidence in rental-apartment buildings as young adults and middle-aged families stung by the housing crash have turned to renting. But developers also point to increased exposure to construction-defects lawsuits, which they say have made insuring large projects much more expensive. Read the article…………….
Primarily, AB 125 narrows the definition of “constructional defect” to any defect that causes physical damage to the property or
The Court of Appeal has released a further decision on the implementation of its December 2014 decision and the costs.
The developers of the L Lofts condominium in Brooklyn are facing an $8 million lawsuit for allegedly failing to correct