Real Estate/Development
Apr. 26, 2011
Developer Gets $5 Million Verdict
Mega residential developer SunCal Companies won nearly $5 million in damages against a pair of entities it accused of reneging on an agreement for a $12.5 million land sale because the property value later jumped more than three times that
Daily Journal Staff Writer
Mega residential developer SunCal Companies won nearly $5 million in damages against a pair of entities it accused of reneging on an agreement for a $12.5 million land sale because the property value later jumped more than three times that amount during the real estate boom.
The Riverside County Superior Court jury found that owners of the 628 acres in Thermal at the center of the case unjustif...
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