%%EOF GRANTED. Defendant claims the primary issue in the ongoing 2015 lawsuit is the HOAs right to be free from injury caused by Spahis alleged scheme to purchase units at a discount. We are looking for contributing authors with expertise in media law, intellectual property, First Amendment, and other related fields to join us as guest bloggers. Ocean Towers provides financial statements every year to show ALL distribution of fund. The Domits' company received approximately $3.5 million from the settlement. 0000210630 00000 n In August 2019, the parties informed the court that a tentative and conditional global settlement was agreed upon. A dispute between two members of the Board of Directors of Santa Monica's only co-op, may put the prestigious property into receivership on Wednesday. In 2015 Ocean Towers Housing Corporation (HOA) shareholder Michael Reach filed a derivative complaint, case no. Spahi argues new allegations in the 5AC mandate this case be stayed under the rule of exclusive concurrent jurisdiction. Millennium Tower Litigation Settled, Engineering Upgrade of Building to CRAIG T. KOJIMA / [email protected]. 0000184083 00000 n Saturday, October 10, 2009 Ocean Tower Settlement and Implosion In 2006 construction began on the 31-story condo building known at the "Ocean Tower" . NOTE: The information and commentary contained in this database entry are based on court filings and other informational sources that may contain unproven allegations made by the parties. The court agrees that some (but not all) of the claims alleged here are based on the same primary right as the 2015 action. It is one of the most prominent structures visible on the Pacific Coast Highway as southbound drivers enter Santa Monica from Pacific Palisades. Who knows, right now all i can say is that a geotechnical report for a project of this magnitude is usually written by one engineer and reviewed by another more senior engineer. At the time of its controlled implosion in December 2009 the building weighed 55,000 short tons (50,000t), and it was the tallest reinforced concrete structure to be demolished in that way. Ocean Towers Lawsuit Permitted To Go Forward: - SM Mirror Preliminary evaluation showed that the tower's core had sunk 14 to 16 inches (360 to 410mm), while the attached parking lot had shifted less than half that distance. DALE S. FISCHER, District Judge.. And anyone who challenges him is immediately sued," she said.". But if you're a newcomer to our beautiful island you need to know that it is illegal to wear a necktie on South Padre Island. 0000003246 00000 n Plaintiff adequately alleges alter ego liability, allowing this cause of action to proceed against Spahi. VS KB VISION FOUNDATION, ET AL. Omar Spahi, who owns units in Ocean Towers near the intersection of Ocean Avenue and San Vicente Boulevard filed a lawsuit in 2010 against Isen Investments, Inc., alleging the firm had manipulated the market of his luxury apartments by defaming him. ClassifiedsDirectoryAboutContactAdvertise, Prestige property at 201 Ocean Ave. has completed three years of litigation. Additionally, even if the court accepted plaintiffs interpretation, plaintiff does not adequately justify imposition of such an extreme remedy as entry of default. They reassured them "Your unit will be delivered, and the building will be stronger and safer than ever", stating that completion of the construction would be delayed by "6 to 9 months". This man controlled who was able to buy and sell in his building. The DMLP was a project of the Berkman Klein Center for Internet & Society from 2007 to 2014. UniCourt uses cookies to improve your online experience, for more information please see our Privacy Policy. Transbay Joint Powers Authority (TJPA), et al. Contact: Doug Elmets. Beginning in 2016, a series of lawsuits were filed concerning a 56-story condominium tower, colloquially referred to as "San Francisco's Leaning Tower," which has vertically moved more than 16 . In a letter dated July 2, 2008 the developers informed buyers about the problems that they had encountered. Enjoy luxury amenities like valet parking, resort-style pool, doors man, 24/7 security and concierge. I don't know whose 2 signatures were on the Raba report, but i would never hire these guys to be geotechs on my projects. 0000002573 00000 n 0000184153 00000 n This action involves plaintiffs contractual rights, while the 2015 action concerns plaintiffs right to be free from fraudulent/disloyal conduct by directors. Cal. The lawsuit alleges that Spahi, who now owns a controlling interest and 40 units in the property, misappropriated $11 million out of $50 million FEMA paid Ocean Towers to make repairs after the 1994 Northridge earthquake.". The appeals court affirmed the ruling on essentially the same grounds. Settlement of the structures was indicated to be 4" to 8" under the garage, and 8" to 16" under the hi-rise, which is catastrophic so the "leaning tower of Padre" is actually a reasonable moniker. SC124263 (the original action) pending in Dept. The 5AC contains several new allegations related to stolen units, which are nearly identical to claims in the current action. A trial court reportedly dismissed the lawsuit. Investors sue developer of 2 planned Honolulu condo towers Jones Day represented Transbay Joint Powers Authority ("TJPA"), one of the primary parties in the Millennium Tower litigation, which is one of the highest profile litigation matters in the United States. Enjoy luxury . Ocean Tower Failure Analysis South Padre Island Texas Ocean Tower condominium was expected to be the highest structure of luxury living in the Rio Grande but instead dubbed the 'leaning tower of South Padre' because parts of it have sunk almost 16 inches, cracking beams and columns. *******0918. The developers of the Ocean Tower condominiums on South Padre Island have filed suit in Cameron County, claiming fraud on behalf of three firms involved with the engineering and construction of the high-rise building. endstream endobj 37 0 obj <>stream HomeClassifiedsDirectoryAboutContactAdvertise. 0000134847 00000 n Plaintiffs sued the tower's developer and adjacent property owners, including Jones Day's client, TJPA.

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