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Los Angeles County has agreed to buy the Gas Company Tower, center, one of the most prominent office skyscrapers in downtown Los Angeles, for $215 million in a foreclosure sale. (Myung J. Chun ...
The county of Los Angeles has tentatively agreed to buy the prominent office skyscraper near the historic Millennium Biltmore Hotel for $215 million in a foreclosure sale that could take months to ...
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A foreclosure sale scheduled for October 2021 was halted when Crestlloyd filed for Chapter 11 bankruptcy. [14] In July 2021, the 3.8-acre property was placed in court-ordered receivership by Los Angeles County Superior Court. Ted Lanes of Lanes Management was appointed as receiver. [15]
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The event sparked political urgency in Los Angeles, leading the Los Angeles Police Department to allocate resources to safeguard property while ensuring public safety. Soon after the tagging of Oceanwide Plaza, the Los Angeles City Council announced a cleanup campaign for the graffiti. [ 25 ]
The sale set the record for the largest property sale at auction in the United States, topping the Hearst Estate in Beverly Hills, which sold for $63.1 million in 2021. [21] The house lacked a certificate of occupancy and required an estimated $20 million in additional construction costs at the time of the sale. [7]
Jay Gilberg bought a five-bedroom, 4,800-square-foot (446-sq-meter) home in the Los Angeles neighborhood of Pacific Palisades in June to merge two households, bringing his two … Advertisement ...
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