Held Properties, Inc. v. WealthStone, LLC (Century City Office Rent Default and Personal Guaranty Suit)
Held Properties, Inc., owner of the 1880 Century Park East office tower in Los Angeles, sued tenant WealthStone, LLC and WealthStone principal Andres Szita in Los Angeles County Superior Court in early August 2026, alleging continued nonpayment of rent under a 2019 office lease. The complaint seeks roughly $1.1 million, combining an additional $708,000 in newly claimed unpaid rent with a $393,000 judgment Held Properties already obtained against WealthStone in an earlier suit, and names Szita personally as the lease's guarantor.
Why it matters
Shows how a landlord can pursue a defaulting tenant's principal personally under a guaranty even after already reducing part of the debt to judgment, treating continued nonpayment as a fresh, independently actionable default rather than folding it into the earlier award. Landlords leasing to thinly capitalized special-purpose or platform entities should treat guaranty enforcement against the individual as a live, repeatable remedy, while principals who sign guaranties should recognize that satisfying one judgment does not extinguish exposure for rent accruing afterward.
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