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IRWIN CONCRETE v. SUN COAST PROPERTIES

No. 5090-1-II.

33 Wn. App. 190 (1982)

653 P.2d 1331

IRWIN CONCRETE, INC., ET AL, Respondents, v. SUN COAST PROPERTIES, INC., ET AL, Defendants, CONTINENTAL, INC., Appellant, HERNANDO CHAVES, Respondent.

The Court of Appeals of Washington, Division Two.

October 27, 1982.

Attorney(s) appearing for the Case

Gayle E. Bush, for appellant.

David J. Manger, Jerome R. Cronk, Ronald A. Roberts, and James E. O'Hern, for respondents.

WORSWICK, J.

This litigation arose out of an unfortunate but familiar occurrence: a grand plan for real estate development gone awry.

In 1972, Olympic Mall Co. borrowed $350,000 from Continental, Inc., to purchase and develop 179 acres of land near Gig Harbor. A deed of trust secured the note. In April 1973, Olympic conveyed 7 of the 179 acres to Sun Coast Properties, Inc., to build a shopping center. The sale contract required Olympic to install a water system...

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