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Compensation for Business Owners in Eminent Domain

It is well known that under eminent domain law, the owner of property acquired by eminent domain is entitled to compensation. In this blog post, we discuss the measure and elements of eminent domain compensation as it relates to business owners.   A landowner may not claim speculative or conjectural damages in an eminent domain proceeding. However, the law recognizes that in addition to the loss caused by the taking of the property, a business owner may also suffer losses incident to ownership of an ongoing small business, e.g. loss of goodwill. In light of the same, the legislature enacted a statute allowing for compensation of loss of business goodwill. Specifically, pursuant to Code of Civil Procedure § 1263.510, the owner of a business conducted

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Zachary D. Schorr’s Expert Appearance on the Dr. Phil Show

Zachary D. Schorr’s Expert Appearance on ABC’s Nightline

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Zachary D. Schorr has been named to the Southern California Super Lawyers (Rising Stars) list for attorneys in Real Estate for 5 straight years - 2012, 2013, 2014, 2015 and 2016. Each year, no more than 2.5 percent of the lawyers in the state receive this honor. In 2016 he was also included as one of the top 100 lawyers in Southern California in this category. The selection for this respected list is made by the research team at Super Lawyers.

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If you are currently involved in a real estate dispute, either commercial real estate or residential, and are looking for a Real Estate Attorney in Los Angeles with a cost-effective, results oriented approach designed to meet your case's specific needs, contact the attorneys at Schorr Law. Our real estate firm has the specific knowledge and experience necessary to get you the best possible results.

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