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Real Estate/Development

Oct. 22, 2011

Newport Beach developer wins major verdict

Lawyers for a Newport Beach real estate developer made it rain to the tune of $50.3 million in damages for their client at a time when the building industry as a whole is struggling to stay afloat.


By Sean Windle


Daily Journal Staff Writer


Lawyers for a Newport Beach real estate developer made it rain to the tune of $50.3 million in damages for their client at a time when the building industry as a whole is struggling to stay afloat.


The jury verdict came late last week in a case brought by Newport Capital Advisors LLC against a Connecticut-based real estate investment firm for forcing NCA out of a contract to redevelop four prominent Ho...

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