LOS ANGELES—A federal judge has dismissed a $100 million lawsuit filed by a building management company claiming severe losses due to Los Angeles’ eviction moratorium to protect renters during the COVID-19 pandemic, according to court papers obtained Nov. 23.
GHP Management Corp. alleges in the lawsuit that 12 of its buildings lost more than $20 million in rental income due to the ordinance.
GHP—which manages several large apartment complexes including Da Vinci, Ferrante, the Medici, and the Orsini—is owned by developer Geoffrey Palmer. Other companies owned by Palmer joined the lawsuit.
U.S. District Judge Dean Pregerson dismissed the suit last week, finding that the eviction ordinance covers only a limited period of time and did not reflect a permanent seizure of property, which would have required landlords to be compensated by the city, according to the Nov. 17 ruling filed in LA federal court….