Recent News

The FSG Real Estate Department successfully negotiated the early termination of a commercial lease for a San Diego based restaurant client, saving the client well in excess of $175,000 and avoiding costly litigation in the process.  Although the restaurant operations were underwater, the lease guaranty was amply supported by a healthy personal financial statement and there was an enormous emotional attachment to the business venture.  Through early intervention, intense negotiations with the landlord and a lot of empathy and emotional support, FSG Real Estate attorney Jim Stroffe was able to quickly complete the termination agreement reducing the client’s exposure to additional operational losses and minimizing the emotional turmoil experienced in the process.  Grateful for FSG’s efforts, our client remarked, “I have never said this to any attorney, but you are worth every penny you charge me.  Frame this!!!!!”

The residents of Bay Island in Newport Harbor have won an important battle against the California Coastal Commission.  They defeated an attempt by the Commission to take property rights from Bay Island and from the City of Newport Beach in violation of a previous court decision and of the California Coastal Act.

This victory is an important part of teaching the Commission and its staff that they are not above the law or above private property rights in California.  To read more click link to article …

In the May 7, 2012 issue of the Orange County Business Journal, Jennifer Stroffe was recognized as a prestigious “Women In Business” Nominee.   Jennifer was nominated for her specialization in the negotiation and closing of commercial real estate transactions as part of the FSG Real Estate Group and for her accomplishments during her presidency of the commercial real estate industry group, CREW-Orange County.

To view Jennifer’s nomination in the Orange County Business Journal, go to http://www.cbjonline.com/a1ocbj/supplements/WIB_Guide_1205.pdf

FSG litigation attorney Kimberly Wind represented a structural concrete subcontractor in a payment dispute against the general contractor and its surety, as well as the County of Los Angeles arising out the construction of a public works project.

Ms. Wind was granted summary adjudication by the court on the payment bond action and she obtained an award of the full principle owed, interest and reasonable attorneys’ fees and costs.  Post-adjudication, the client agreed to settle for $231,693.41 which represented a 100% recovery of the claim, and assign the stop notice cause of action against the County of Los Angeles to the builder.  Ms. Wind resolved the case within 6 months of retention by the client.