Comment of the Day: Releasing the Wilshire Village Insurance Hold

COMMENT OF THE DAY: RELEASING THE WILSHIRE VILLAGE INSURANCE HOLD “. . . Why keep residents there? Insurance for an occupied commercial exposure is MUCH cheaper than a vacant one. Vacant buildings or sites have to be secured to prevent problems with the city and attractive nuisance lawsuits. Rent was coming in, even if it was minimal. All roads lead to the fact that it was financially advantageous to not change anything until time to do something else with the property.” [Hellsing, commenting on Wilshire Village Moving Day: They Shall Be Released]

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