Thomas Kearns Quoted in CoStar Los Angeles on the Potential Abatement Process at Oceanwide Plaza


CoStar Los Angeles published an article featuring insights from Co-Chair of Olshan’s Real Estate Law practice Thomas Kearns on Oceanwide Plaza, a long-stalled commercial development that has been defaced with graffiti in Los Angeles. Tom discussed the abatement process, what the city can do with unsafe properties and the steps the city can take to force foreclosures on abandoned properties. He noted that liens in the abatement processes can supersede other liens. "The municipality addresses the unsafe conditions and then records a lien with the expectation that the land will eventually be resold, and the lien paid," Tom said.


Media Contact

Marketing Contact
Mizi Mehaj
Marketing & Administrative Manager

Jump to Page

Necessary Cookies

Necessary cookies enable core functionality such as security, network management, and accessibility. You may disable these by changing your browser settings, but this may affect how the website functions.

Analytical Cookies

Analytical cookies help us improve our website by collecting and reporting information on its usage. We access and process information from these cookies at an aggregate level.