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The rest, 2.9 million households, live in unsubsidized units subject to the whims of the private market. Rent control laws help some of those tenants from seeing enormous rent increase each year ...
Nile Niami purchased the 3.8-acre (1.5 ha) lot on a hilltop in Bel Air, Los Angeles, for $28 million in 2012. The plot has a 360-degree view of the Pacific Ocean, Downtown Los Angeles, and the San Gabriel Mountains. The property had a 10,000-square-foot (930 m 2) house, which Niami demolished. [1] [2] Construction began in 2014. [2]
In January 2006, the hotel's owner, Host Hotels & Resorts, was intending to sell the property "in the mid-$400 million range", primarily marketing the site with the prospect of replacing the aging hotel with a mixed-use skyscraper. [46] Harry Macklowe purchased the Drake in 2006 for $418 million [45] [47] (equivalent to $640 million in 2023 [b]).
(Allen J. Schaben / Los Angeles Times) The $141-million offer by Fashion Nova founder Richard Saghian for the Bel-Air mega-mansion known as "The One" was approved Monday by a U.S. Bankruptcy Court ...
Hacienda Arms Apartments, also known as Coronet Apartments and Piazza del Sol, is a historic building located on the Sunset Strip in West Hollywood, California, United States. The four-story, 52,000-square-foot (4,800 m 2 ) Italian Renaissance Revival sourced Mediterranean Revival style structure was built in 1927 and operated initially as a ...
The pre-tax net operating income at the building as of 2011 was $20.89 million and is valued between $350 million and $400 million, according to the New York Department of Finance. Trump took out a $160 million mortgage attached to the property with an interest rate of 5.71% to use for other investments. [ 180 ]
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