Real Estate/Development
Dec. 26, 2023
New LA skid row receiver to sell 12 properties
Kevin Singer of Receivership Specialists in Los Angeles was authorized by a judge to pay the broker $15,000 per property for residential buildings that have been remediated.
A Los Angeles County judge granted a motion to engage a broker to sell 12 properties in the Skid Row Housing Trust by the City of Los Angeles and the trust’s receiver in a hearing on Friday.
The receiver is authorized to pay the broker a fixed fee of up to $15,000 for each property “regardless of whether the property is sold to a buyer located by the broker,” read the order signed by Judge Mitchell L. Beckloff.
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