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NOTABLE SALE
$2,875,000 DEAL IN GARDEN GROVE

MARKET: Garden Grove
ASSET TYPE: Single Family
SALE PRICE: $2,875,000
Address: 11821 Stuart Drive
BUYER: Vinod Jivrajka

10 unit apartment building in Garden Grove

NEWS
HOW TO LIVE LIKE BENNIFER FOR ONLY $30M

ARTICLE TLDR

• Jennifer Lopez and Ben Affleck passed on 30 million-dollar home

Do you have a spare $30 million lying around? Do you want to live in a mansion that was almost bought by Jennifer Lopez and Ben Affleck? Do you have a burning desire to swim in the same pool that J.Lo and Ben may have dipped their toes in? If you answered yes to any of these questions, then boy, do I have a deal for you!

The Mansion of Your Dreams

This Pacific Palisades mansion is back on the market for a steal of $30 million, down from its original price of $40 million in 2019. That's a 25% discount, folks! Think of all the things you can do with the $10 million you save, like buy a private jet, or a yacht, or a small island, or a lifetime supply of tacos.

But why would you ever want to leave this mansion, when it has everything you could ever want and more? This mansion is so big, you could get lost in it. It has 17,000 square feet of living space, eight bedrooms, 12 bathrooms, and a host of amenities. You could host a party for 100 people and still have room to spare. You could invite all your friends, family, neighbors, coworkers, and random strangers you meet on the street. You could even invite J.Lo and Ben, if they're not too busy being in love.

This mansion is owned by Ronald Tutor, the CEO of Tutor Perini Corporation, a construction company that has worked on projects such as LAX, The Forum, and the Wilshire Grand Center. Tutor bought the property in 2010 for $27.5 million, and spent millions more on renovations and upgrades. He first listed the mansion in 2019 for $40 million, then reduced it to $35 million in 2020, and now to $30 million in 2021.

NEWS
MILLION DOLLAR MOLD: REALITY STARS ACCUSED OF SALING ROTTEN MANSION

• Altman brothers might be in trouble

If you are a fan of the hit show Million Dollar Listing Los Angeles, you might be familiar with Josh and Matt Altman, the dynamic duo of real estate who specialize in selling luxury homes to the rich and famous. But what you might not know is that the Altmans are facing a lawsuit from a buyer who claims they sold him a moldy mansion in Beverly Hills.

The Buyer's Nightmare

The buyer, David Kramer, is a real estate agent and developer who bought the mansion from the Altmans in 2019 for a whopping $21 million. The mansion, which has six bedrooms, nine bathrooms, and a pool, seemed like a dream come true for Kramer and his family. But soon after moving in, Kramer discovered that the mansion was infested with mold and water damage, which he claims the Altmans failed to disclose to him.

Kramer says that the mold caused him and his family to suffer from health problems, such as headaches, nausea, and respiratory issues. He also says that the mold ruined his furniture, clothing, and artwork, and that the water damage compromised the structural integrity of the house. Kramer estimates that it would cost him millions of dollars to fix the problems and make the house livable.

The Seller's Defense

The Altmans, however, deny any wrongdoing, and say that Kramer is trying to back out of the deal because he overpaid for the house. They say that Kramer knew about the mold before buying the house and that he signed a waiver releasing them from any liability. They also say that Kramer inspected the house multiple times and that he never complained about the mold until after the sale was finalized.

The Altmans also claim that Kramer is exaggerating the extent of the mold and the damage and that he is using the lawsuit as a publicity stunt to promote his own real estate business. They say that they have sold hundreds of homes in their career and that they have never had any complaints or lawsuits from their clients.

The Legal Battle

The case is currently pending in the Los Angeles Superior Court, where both parties are seeking a jury trial. Kramer is suing the Altmans for breach of fiduciary duty, negligence, fraud, and other charges, and is asking for damages and rescission of the sale. The Altmans are countersuing Kramer for breach of contract, defamation, and other charges, and are asking for damages and enforcement of the sale.

The lawsuit has attracted a lot of media attention, as it involves two prominent figures in the real estate industry and a scandalous story of a moldy mansion. The outcome of the case could have a significant impact on the reputation and the career of both parties, as well as the future of the mansion itself.

Who will win this million-dollar mold? Stay tuned for more updates on this juicy case.

NEWS
SANTA MONICA APARTMENTS DELAYED BY LEGAL WOES

ARTICLE TLDR

• Some builders are still having issues

A 249-apartment project in Santa Monica is facing more setbacks, as the developer asks for more time to build it. The project has been delayed by:

- A lawsuit from residents who oppose its size and density

- Labor shortages and supply chain issues caused by COVID-19

- Uncertainty and volatility in the housing market

The project was approved in 2016 and was supposed to be done by 2021. The developer, Tishman Speyer, now wants to finish it by 2024. The city will decide whether to grant the extension or not.

The project is part of a larger development that includes condos, affordable units, and retail space. The developer also agreed to pay $15.6 million in community benefits to the city.

Some people support the project, saying it will provide more housing and economic benefits. Others oppose it, saying it will worsen traffic and parking problems.