Have you ever had the experience, when working on a real estate transaction, that you come to the brink of closing but end up with a failed transaction as a result of something that happened along the way? See the attached article, which outlines some of the events that commonly result in failed closings. Using… Continue Reading
Monthly Archives: April 2008
When Insurance Companies Fight Each Other
Posted in ConstructionSammamish Pointe, a condo association, made claims against the developer (Polygon) for defects and Polygon’s insurers — save one — funded a $7.8 million settlement to the homeowners. The funding insurers then turned on the holdout — Great American Insurance Company — for contribution. Division 1 held that Great American, an excess carrier, was required… Continue Reading
No Good Deed…
Posted in ConstructionWoe betide the construction lawyer hired by The Donald who bags a $2 million verdict for the real estate developer in a claim against a contractor who built a golf course – only to get sued by Trump for attorney malpractice. Geez.
Public Contracting Blog
Posted in ConstructionHere’s a link to a useful public contracting blog maintained by Mike Purdy at UW.
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