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During the 1990s, Palmer focused on building more than 2000 market-rate housing in downtown Los Angeles and its suburbs. [ 9 ] In 2001, Palmer completed the 632-unit Medici, the first of a series of downtown Italian-inspired apartment blocks situated beside freeways, [ 10 ] [ 11 ] which coincided with a revival of downtown Los Angeles . [ 12 ]
In 1952, the apartments purchased the Union Oil Building at S Hope Street and 7th Street in Downtown Los Angeles as an investment for $2.2 million [6] (equivalent to $25.2 million in 2023). In November 2012, the El Royale was purchased by Kamran Hakim and Farhad Eshaghpour for $29.5 million in cash. [7] [8] [9]
The Van Nuys Apartments is an apartment building in Los Angeles, California, United States. It consists of 299 apartments and 5 retail stores. It consists of 299 apartments and 5 retail stores. It is a HUD subsidized, project-based Section 8 property; catering to seniors over 62 years of age and individuals with disabilities.
Equity Residential is a United States–based publicly traded real estate investment trust that invests in apartments. As of December 31, 2022, the company owned or had investments in 308 properties consisting of 79,597 apartment units in Southern California , San Francisco , Washington, D.C.
Located on Ocean Boulevard (at the corner of Linden Avenue) in the East Village near downtown Long Beach, the structure was designed by Los Angeles architects Curlett & Beelman. [3] The design of the L-shaped apartment building has been described as Renaissance Revival and "Adam Revival" with neo-classical and neo-Egyptian ornamentation. [2]
The building of Renaissance Summit and the surrounding areas was mired in controversy and Los Angeles politics in the late 1980s and early 1990s. [2] Existing residents of the Porter Ranch area feared the increased traffic that would be brought by the planned building of an area commercial complex to service the new homes being built. [3]
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