Kneafsey Firm Obtains $14.2 Million Judgment for Breach of Real Estate Contract

Kneafsey Firm Obtains $14.2 Million  Judgment for Breach of Real Estate Contract

The Kneafsey Firm obtained a $14.2 million judgment on behalf of a CB Richard Ellis Global Investors entity for breach of a Cost Sharing Agreement between Phase I and Phase II of the 60+ story One Rincon Hill luxury high rise development in San Francisco, California.  The combined One Rincon Hill budget exceeded one-half billion dollars and is the largest residential tower in the City of San Francisco and the fifth tallest structure in the City.  

The Kneafsey Firm's adversary was a $4 billion internal insurance company that mounted an aggressive defense.  After 18 months of litigation, Kneafsey prevailed and obtained the judgment plus attorneys fees.