Local News in Brief : Realtors File Suit
- Share via
A Century City real estate firm is suing the former owners and sub-lessors of two Avenue of the Stars high-rises, alleging that they fraudulently concealed asbestos contamination at the buildings.
Rub Realty and Investment Co. Inc. filed suit in Santa Monica Superior Court against R&B; Commercial Management Co., the former owners of the buildings at 1900 and 1901 Avenue of the Stars, along with sub-lessors Kors, Marlar, Savage & Associates and RBCB Associates Ltd. Rub Realty is seeking $20 million in damages, as well as release from its lease.
Contamination of the premises has not been proven as yet by either side, and attorneys for Kors, Marlar, Savage & Associates deny its existence.
The current owner, Shuwa Investment Corp., which purchased the buildings late last year, declined comment. About 15,000 people work in the two buildings.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
