Wills, Estates & Trusts
Apr. 10, 2023
Receiver for Skid Row Housing Trust says $5M needed for cleanup
Granting the Los Angeles city attorney’s urgency petition, Los Angeles Superior Court Judge Mitchell L. Beckloff allocated $500,000 to Mark S. Adams of the California Receivership Group in the wake of massive flooding, fire watches and three deaths in the housing trust’s properties in recent weeks.
A receiver appointed Friday for the Skid Row Housing Trust estimates that the process of improving 29 of its properties could cost more than $5 million, far more than the amount Los Angeles County Judge Mitchell L. Beckloff allotted.
Another complication raised at the hearing is a temporary restraining order request Premier Bank had filed regarding a collections case it filed against the financially troubled trust before the Los Angeles ci...
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