The Electra
Started by SooperDoc
almost 12 years ago
Posts: 1
Member since: Jul 2010
Discussion about
Its a great location and property, but the management is horrible. They are kicking us out of our apartment so they can renovate it (raising rent ~20%) and have been very difficult through the negotiations. They have given us a concession for one month rent and are moving us into the same line in the renovated apartments, but they are very slow to respond to our requests. They run the building like a business and have no regard that these are people's homes. If we hadnt already paid for the initial moving expenses and weren't getting the concession we would have left. They know they have the leverage (there are no legal options) and they throw it around as they want. Please save yourself the headache and frustration and find somewhere else to live.
But it is a business. They paid $95,000,000 for it: http://therealdeal.com/blog/2012/08/24/california-investors-pay-95m-for-ues-rental-tower/