A historic downtown Los Angeles office and retail complex that was being converted to condominiums before the last recession has been purchased out of bankruptcy and will be turned into luxury apartments.
The last time an apartment building in downtown Los Angeles was converted to condominiums was 2006 - shortly before the housing bubble burst.
An aging 20-story commercial building that for years has sat vacant in Downtown may be turned into hundreds of apartments. Since last summer, Paces Properties has tried to buy the 250 Piedmont building located between Baker Street a...
Developer Sonny Astani has bought property on Wilshire Boulevard west of downtown Los Angeles where he plans to build a $60-million apartment and retail complex.
Former executives of office landlord MGP Office Trust have launched their own property company with the purchase of a landmark Los Angeles office building.