Shuwa Investments Corp. v. County of Los Angeles

Opinion

JOHNSON, J.

Appellant, Shuwa Investments Corporation (Shuwa), appeals from a summary judgment in favor of defendant and respondent County of Los Angeles (County), denying its claim for partial refund of property taxes. The ultimate issue in this appeal is whether Shuwa’s acquisition of the ARCO Plaza office building complex in downtown Los Angeles resulted in a 50 percent “change of ownership” as Shuwa contends, or in a 100 percent “change of ownership” as the County contends. We agree with the County that Shuwa’s acquisition resulted in a 100 percent “change of ownership” and affirm…