Case Study: Pinnacle Tower V. Pinnacle Market

Law360, New York (September 7, 2012, 4:18 PM EDT) -- The California Supreme Court in Pinnacle Museum Tower Association v. Pinnacle Market Development, 12 C.D.O.S. 9387 (Aug. 16, 2012), upheld a clause in the recorded declaration of covenants, conditions and restrictions (CC&Rs), providing that the condominium homeowners association and the individual owners agree to resolve any construction dispute with the developer through binding arbitration.

Background

The Pinnacle Museum Tower is a "premier" residential high-rise tower, 36 stories tall with 182 condominium units and a three-level garage, in "the most desirable location" in San Diego, Calif. It...
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