Balfour Beatty sues CIM Group over unpaid work at 2 California Plaza

Los Angeles /
Sep.September 06, 2018 01:00 PM
CIM Group co-founder Shaul Kuba, Balfour Beatty CEO Leo Quinn, and 2 California Plaza

A contractor claims CIM Group failed to pay it more than half a million dollars for work at 2 California Plaza in Downtown Los Angeles.

Balfour Beatty, a London, U.K.-based contractor, alleges CIM Group is refusing to pay for 2015 renovation work on the 52-story tower’s lobby in violation of their contract. CIM, based in L.A., is claiming it is offsetting “against potential damages for water intrusion” caused by the work, according to a lawsuit filed in Los Angeles Superior Court.

In March, the two companies agreed to a $1.25 million payout to Balfour Beatty, even though Balfour Beatty’s attorney claims that was “less than the amount due” to the firm. CIM Group paid out a first payment of $716,200, but not the remaining $531,000.

On top of that amount, Balfour Beatty is seeking an additional $243,100 it claims it is owed but that wasn’t part of the total agreed to in March. Balfour claims that CIM Group released its right to dispute that it owed at least that much to Balfour when it signed the March agreement.

CIM Group has been shopping 2 California Plaza, since early 2017. The tower, which has 1.37 million square feet, was rebranded as [email protected] in late 2016 when City National Bank inked a 300,000-square-foot lease there.

Balfour and CIM Group did not return requests for comment.


Related Articles

arrow_forward_ios
Granite CEO Michael Dardick and Industrious CEO Jamie Hodari

Industrious partners with landlords to offer tenants satellite workplaces

Industrious partners with landlords to offer tenants satellite workplaces
Colorado Campus at 2041-2115 Colorado Avenue and Northwestern Mutual CEO John E. Schlifske

Northwestern Mutual picks up Santa Monica office campus for $166M

Northwestern Mutual picks up Santa Monica office campus for $166M
Prop 15 property tax measure draws millions (Credit: iStock)

Prop 15 property tax measure draws millions of dollars from for and against campaigns

Prop 15 property tax measure draws millions of dollars from for and against campaigns
Asher Abehsera and the plaza (Credit: Google Maps)

New partnership poised to buy Baldwin Hills Crenshaw Plaza

New partnership poised to buy Baldwin Hills Crenshaw Plaza
California is allowing barbershops and salons to reopen under new coronavirus mitigation guidelines (Credit: Noam Galai/Getty Images)

California allows barbershops to reopen, but LA holds back

California allows barbershops to reopen, but LA holds back
LA County assessor Jeffrey Prang

LA County properties valued at nearly $2 trillion…before pandemic

LA County properties valued at nearly $2 trillion…before pandemic
First District Supervisor Hilda Solis (Credit: Rebecca Sapp/Getty Images)

LA County select reopening target date for restaurants and retailers

LA County select reopening target date for restaurants and retailers
Shaul Kuba and the now-former redevelopment plan (Credit: Department of City Planning)

CIM to buy Baldwin Hills Crenshaw Plaza, scrap resi redevelopment plan

CIM to buy Baldwin Hills Crenshaw Plaza, scrap resi redevelopment plan
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...