[3] The building was designed to withstand extreme winds with three massively reinforced core walls. Further, Spahi alleged the firm advertised he never returned the security deposits to anyone who rents one of his units, failed to pay the secured loans on each unit, was solicited by the banks as a fraud, and did not pay homeowner association fees. . 0000010806 00000 n 0000002573 00000 n Case law states exclusive concurrent jurisdiction applies to conflicting adjudications of the same subject-matter by different departments of one court. Glade v. Glade (1995) 38 Cal.App.4th 1441, 1449. There is a substantial danger that, if the lawsuits proceed separately, the courts could reach conflicting (or redundant) decisions regarding those damages. Additionally, even if the court accepted plaintiffs interpretation, plaintiff does not adequately justify imposition of such an extreme remedy as entry of default. The motion is GRANTED. Ocean Towers apartments is at the North end of Palisades Park, one of the world's finest urban locations for an apartment building. Nonetheless, they arise out of the same subject matter purchase agreements entered by Spahis alleged alter egos and seek the same damages the costs incurred by the HOA in defending against the US Bank litigation. Ocean Towers is a 317-unit luxury cooperative apartment building high-rise located at 201 Ocean Avenue. The two cases are being heard by different departments within a single superior court. Section 128.7 does not apply to disclosures and discovery requests, responses, objections, and motions. Cal. 0000003831 00000 n 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. Proc. Transbay Joint Powers Authority (TJPA), et al. Cal. The HOA could seek to enforce the purchase agreements, even if plaintiff did not allege defendants misused their positions as HOA directors. The owner of several units in the Ocean Towers residential complex near Palisades Park was given the green light to continue with his lawsuit against a real estate investment firm, a California appeals court ruled earlier this month. 0000184083 00000 n 0000006486 00000 n Lawsuit: Jade Ocean Condo Developer Stole from Project Lenders - CCFJ 2022-06-10, Los Angeles County Superior Courts | Contract | 0000005896 00000 n %PDF-1.5 % C4D~5}5?&R o*@RA?CJ$^S[sn 1ka8Yg/{Q~=Lx(:s>M\7?W Kt %PDF-1.5 %
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