REAL ESTATE
Compiled by Debora Vrana, Times staff writer
Mediation Service Created: Several business people have created a new mediation service that will specialize in solving real estate disputes, such as shoddy construction or contract disputes. The founders say they are poised to capitalize on a state bill that, if passed, would require a certain portion of real estate disputes to be solved by arbitration rather than by costly lawsuits.
The founders are: James T. Capretz, a Newport Beach attorney, William Cote, a luxury real estate broker in Newport Beach and Joseph Di Mento, a former assistant vice chancellor at UC Irvine. They have formed Real Estate Arbitration & Mediation Services in Newport Beach.
