CRG and Mark Adams are again recognized as one of LA's most influential family-owned businesses for their work in health and safety receivership in California
Online PR News – 26-November-2019 – Los Angeles, California – California Receivership Group has been selected for the Los Angeles Business Journal's Most Influential Family-Owned Business award for the second year in a row. CRG will be featured in the October 28, 2019 issue. Earlier this year CRG, which was founded in 1999 by Receiver Mark Adams, celebrated its twentieth anniversary.
CRG's mission is to provide a remedy for nuisance properties where no other code enforcement methods have been successful. CRG believes that each receivership property should pay its own costs of repair.
Founded in 1999 in the wake of a tragic death, after a child lived at a property with numerous dangerous code violations, Mark Adams and California Receivership Group became the first receiver to be appointed under the California Health and Safety Code. Historically used to assist with bankruptcy and the management of assets, receivership is an innovative solution that can quickly remedy pressing dangers. Not only can a receivership ensure the remediation of health and safety code violations, but a receiver can develop a long-term plan to secure the future of a property. This is the solution to the problem with dozens of different causes, made more complicated by the human factors that each case presents.
Health and safety receivership can turn around private property nuisances by bringing in a neutral third party who can work to find the best solution for both the owner and the surrounding community. Two decades of experience in this field has proven that each receivership property should pay its own costs of repair. Those costs should not be the responsibility of the community. Laws in California allow a receiver to obtain a first-priority lien to fund receivership work, making it possible to work on cases that initially may not seem feasible.
Nuisance abatement is important because the negative impact of a nuisance property does not end at the property line. One nuisance property can depress property values for those surrounding it. The New York Times reported that homes adjacent to dilapidated properties can depreciate by 5-10%. And there are other adverse effects that can lead blight to spread across an entire block: A nuisance property may increase crime in the surrounding area. In a previous case, CRG found that remedying code violations and nuisance conditions at a southern California hotel reduced crime on its block by 55%. A 2016 study by researchers at the University of Pennsylvania found that there was a 39% reduction in gun violence from addressing abandoned buildings and vacant lots. A 2015 study published in the American Journal of Public Health found that "remediating neighborhood blight may reduce stress and improve health." The body's stress response was activated when study participants walked past nuisance properties in their community. Over time, repeated activation of this stress response has been found to cause disease.
Moreover, dilapidated properties increase costs for local governments, which spend more time and resources responding to calls for service in the area. Some agencies may even decide to cover the maintenance costs of the private property, reducing their ability to invest in community programs. Research and experience show that the existence of a nuisance property impacts its surroundings and can turn deadly if left unchecked.
Twenty years and 225 projects later, California Receivership Group and Receiver Mark Adams have been appointed in over 30 counties and 100+ cities by over 130 judges (state and federal). Receiverships have included single and multi-family buildings, hotels, motels, mobile home parks, and commercial buildings.