Adishian Law Group Advises Malaga Bank on Purchase of its Headquarters

EL SEGUNDO, CA (May 11, 2018)—Adishian Law Group Advises Malaga Bank on Real Estate Purchase.

Adishian Law Group in El Segundo, California is pleased to announce that Malaga Bank, a wholly owned subsidiary of Malaga Financial Corporation, (OTC: MLGF) acquired its headquarter’s office building.  Malaga Bank is a full service community bank headquartered on the Palos Verdes Peninsula.  It has branch offices on the Peninsula, Torrance and San Pedro. Since 1985, Malaga Bank has been delivering competitive bank services to residents, businesses and community organizations of the South Bay.  The building, commonly known as 1 Malaga Cove Plaza, is part of the iconic Malaga Cove Plaza.

“Every transaction has a story” said Adishian Law Group President, Chris Adishian.  “As we learned in the course of the transaction, the vision for Malaga Cove Plaza’s creation dates back to the very formation of Palos Verdes Estates, when the tract map was recorded by…..Bank of America, in late 1923!  That’s right Bank of America owned much of the land in this area of Palos Verdes Estates.  For perspective, in late 1923, WWI had been over by nearly 5 years, and the Great Depression was about 6 years away.   In between, the template was set for this section of Palos Verdes Estates.”

On behalf of our client, Adishian Law Group led the legal work on the transaction from initial exercise of Malaga Bank’s option through Closing. Our services included negotiating, draft or reviewing the following documents: Operative lease with all amendments; Notice of Exercise of Right to Purchase; Purchase and Sale Agreement, along with associated Addendums, Reviewing Title reports, Tract Maps, Chain of Title Documents, Easement Grants and Purchaser’s Closing Instructions.

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