The nature of the dispute

Clippinger Investment Properties, Inc. ("CIP") is aware of recent online coverage characterizing the Orange County Superior Court matter involving the L Street Lofts project in Sacramento. We are issuing this brief statement to correct mischaracterizations that have circulated and to provide context for our partners, lenders, residents, and the broader Sacramento and Southern California real-estate community.

This matter was, and remains, a commercial contract dispute between sophisticated business parties over a legal matter between partners within the L Street Lofts project. The court docket categorizes the case as "Commercial and Trade — Contract." It is not, and was never pleaded as, a construction-defect, building-code, or permit-compliance case, despite how some secondary online articles have summarized it. The L Street Lofts building has been continuously occupied since opening, and the City of Sacramento's permitting and certificate-of-occupancy records speak for themselves.

Mutual claims

Both sides asserted claims in this litigation. CIP filed a cross-complaint in June 2020 reflecting our own position that contractual obligations on the other side were not honored. While CIP respects the trial court's role and its ultimate decision, we continue to disagree with the characterization of our conduct as it has been described in third-party summaries. An appeal was immediately filed and the writs from both sides presented to the court in November 2025. We are currently awaiting a date for oral arguments. 

Bob Clippinger's record

Robert "Bob" Clippinger has been an active operator and developer in the Southern California and Sacramento commercial real-estate markets for more than four decades, working with banks, institutional investors, contractors, and municipal partners on dozens of projects, actually 58 full cycle investments. . Like any long-tenured operator in this industry, that record includes the occasional contractual dispute — none of which involves any finding of fraud, building unsafety, or criminal conduct.

Our commitments going forward.

 CIP remains committed to:

1.  working through the post-judgment process in good faith and within the framework of the law.
2.   honoring our obligations to our lenders, partners, and the communities where we operate.
3. continuing to invest in projects that contribute to housing supply and economic activity in California and across the US.

Out of respect for the legal process and for the privacy of the other parties involved, CIP will not be commenting further on the specifics of the proceedings at this time.

Media contact: Bob Clippinger, CEO, bob@cip-inc.com, 949-363-7676