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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 ...
It has $5.9 billion worth of exposure in the Pacific Palisades alone, due in part to the high property values. Since September 2020, dwelling policies have increased by 123%. Since September 2020 ...
The 'Million Dollar Listing Los Angeles' star officially became the ultra-modern home's new owner on Oct. 16 Reuters 3 months ago Australia PM launches affordable housing plan, buys $2.9 million ...
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]
On August 20, 2019, the property was bought back by the Hughes estate for $100,000 at a foreclosure auction. According to a Los Angeles Times report on the same date, Atlanta investor Chip Dickens "borrowed around $45 million from the Hughes estate to buy the property, and that debt has since ballooned to roughly $200 million with interest and ...
The building was also listed as Los Angeles Historic-Cultural Monument #544 in 1991. [ 1 ] The building's ground-floor housed a Giant Penny discount store from the 1980s to 2004, after which the building underwent a $20 million ($32.3 million in 2023) conversion to residential.
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