Mariners Village
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MARINER'S VILLAGE BEING SOLD!
From: -Anonymous-Date posted: 5/31/2007
Years at this apartment: 2007 - 2007
2 responses
EXCERPTS BELOW --
Full Article: http://www.metnews.com/articles/2007/ring031307.htm
The limited partnership that operates the Mariner s Village apartment complex on county-owned land in Marina del Rey must be dissolved so that the property can be sold, a Los Angeles Superior Court judge has ruled.
Judge Ronald Sohigian ruled Feb. 27 that the 981-unit, 23.5-acre complex should be sold because the general partners in Marina Admiralty Company cannot agree on whether to sell it or seek a groundlease extension from the county, which the judge said would be a ruinous course to pursue.
In his statement of decision, Sohigian found, among other things, that [t]he business of the partnership can only be carried on at a loss and that it is not otherwise reasonably practicable to carry on the partnership business in conformity with the partnership agreement.
It is clear, Sohigian added, that the county would require a substantial increase in rent and/or construction of substantial improvements before renewing the lease, and that the partnership was not in a position to make such a commitment.
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User Responses |
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| From: gsdthdrstursdt | Date: 06/28/2007 |
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Your body was once up for sale..
no takers.
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| From: gdfgdgdfgasdgasfg | Date: 11/07/2007 |
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HAHAHAH
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