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Six figure settlement for 50+ apartment complex in Philadelphia.
This four (4) story 20,000 square feet apartment building was clad with stucco and brick. The property was under agreement for approximately $12,000,000 when defects in the brick façade and stucco were discovered by the potential buyer. This caused the buyer to back out of the deal. Before the start of any extension discovery, the defendants agreed to confidential settlement.