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Real Estate/Development

Aug. 15, 2009

Bankruptcy Creates New Complications for Real Estate Deals

Routine real estate and land use deals have become more complicated as bankruptcy filings increase.

By Jason W. Armstrong
Daily Journal Staff Writer

Tightening their belts after months of low sales, the owners of a Long Beach technology company wanted to move into a smaller office with lower rent in the same office complex it occupied. For Pamela Westhoff, a Los Angeles attorney representing the building owner, it might have looked like another commercial leasing transaction a few years ago.

Not now.

The tech business had filed for bank...

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