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. See SP3 Rincon CSA Owner, LLC v. 401 Harrison Investor, LLC, Los Angeles Superior Court Case No. BC 500897.