Real estate developer Geoffrey Palmer's companies allege that the moratorium violated the “takings clause” established in the 5th Amendment, which says private property shall not be taken for public use without “just compensation.”
Larry Gross, executive director of the tenants rights group Coalition for Economic Survival, said Palmer’s lawsuit, if successful, would “wreak havoc” on the city, siphoning money from basic city services and throwing into question efforts to keep COVID-19 and homelessness under control.
Attorneys for Palmer’s companies did not respond to The Times’ inquiries. In their lawsuit against the city, they said the eviction moratorium had led to rent losses of more than $2.7 million at Palmer’s Medici project in downtown Los Angeles; nearly $2.8 million at the Da Vinci, a 526-unit complex along the 101/110 Freeway interchange; and nearly $3.9 million at Summit at Warner Center, an apartment property in Woodland Hills.
President Biden announced an extension of eviction moratoriums, which had expired Sunday. For California renters, protections were already in place. Here’s what you need to know about expiration dates and paying rent.
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