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Litigation

Jan. 22, 2003

Property Squabble Results in $25 Million Settlement

By Joan Osterwalder It was an uphill battle. A hillside project of 572 luxury homes in the Verdugo Mountains caused a politically charged legal dispute between the developer, Gregg Development Inc., and the city of Glendale. Ten years after the development was proposed, the parties ended their squabble with a $25.25 million December settlement for the developer in exchange for handing over the 238-acre parcel to a conservancy.


        

By Joan Osterwalder
        It was an uphill battle.
        A hillside project of 572 luxury homes in the Verdugo Mountains caused a politically charged legal dispute between the developer, Gregg D...

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