A potential slowdown in the Los Angeles real estate market is beginning to worry attorneys. There is a joint consensus that this potential slow down is complicating deals and making more work for legal experts. Lawyers working in the city's top firms claim to be working in a distressed environment that is showing signs of prolonged legal dealings and this may be happening in order to protect players from fiscal calamity.
“Most people in the real estate industry describe the current state of the cycle as somewhere between the bottom of the eighth inning and the top of the 11th," said Ms. Booth. “My sense is that people are moving slowly because they are looking around and trying to find signs that the game is still being played.”
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