"This sends a message to developers that they cannot cut corners. When prospective buyers purchase a luxury condominium, they should expect quality behind the walls, not just expensive interiors with fancy faucets."
"Barker said the settlement was one of the largest in Southern California for defective condominium construction. Barker won a $10.8-million jury verdict in a similar case in March, 1990, against developer Don S. Levin and his company, DSL Construction Inc., on behalf of the 187-unit Manitoba West complex in Playa del Rey."
"The homeowners filed suit in 1986 contending that the developers had used defective materials in building the condominiums, which are located in Los Angeles between Lincoln Boulevard and Glencoe Avenue. The suit alleges that the developers knew about numerous problems with the units when they were sold, some for as much as $400,000."
Barclay Industries Inc. and Watt Industries Inc. settled a construction defect lawsuit for $13.3 million with the Villa Marina East V Homeowners Association after nearly a year of negotiations. The 9-year-old complex suffered extensive defects including rotted untreated lumber in wooden frames and other structural issues. The settlement, one of Southern California's largest for defective condominium construction, will fund comprehensive repairs including gutting walls, ceilings, and floors, temporary housing for residents during three to six months of construction, and reimbursement for a previous $10,000-per-unit assessment. The homeowners filed suit in 1986, alleging developers used defective materials and knew about problems when selling units priced up to $400,000.
#construction-defects #real-estate-settlement #luxury-condominiums #developer-liability #homeowners-rights
Read at Los Angeles Times
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