Civil Litigation
Mar. 3, 2025
Judge upholds LADI's senior deed in stalled LA tower dispute
Judge rules L.A. Downtown Investment LP's deed trumps Lendlease's claims on a stalled L.A. tower, dismissing fraud allegations and eyeing a bankruptcy fix for the vandalized project.
A ruling in Los Angeles County Superior Court found that L.A. Downtown Investment LP or LADI, holds the senior, valid deed of trust on a stalled tower development famous for falling into disrepair and vandalism. This decision gives LADI priority over mechanics' liens and any claims asserted by its opponent, Lendlease Construction.
"The Court finds LADI's deed of trust is valid and senior to all mechanic's liens securing amounts for work performed under the July 2...
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