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Alternative Dispute Resolution

Apr. 18, 2009

Property Firm Is Awarded $30 Million in Loft Debacle Property

Two real estate investment companies represented by Hollywood sole practitioner Lance J. Robbins have been ordered to pay $30 million for allegedly failing to follow through on a deal to convert a downtown building into loft-style apartments.

By Mindy Farabee
Daily Journal Staff Writer

LOS ANGELES - Two real estate investment companies represented by Hollywood sole practitioner Lance J. Robbins have been ordered by an arbitrator to pay $30 million to a property management company and a construction firm for allegedly failing to follow through on a deal to convert a downtown building into loft-style apartments.

JAMS arbitrator Richard Chernick ordered Rehabilitation Associates and Fedor...

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