L.A. developer pays $4.72M for Midtown properties

kAm%96C6D2 |4s@?2=5 H2D E96 D6==6C @7 `g_c !2EE6CD@?[ 92G:?8 A2:5 Sbd_[___ 7@C E96 AC@A6CEJ :? a__g[ |6EC@ C64@C5D D9@H] %96 A2C46= @776CD 2 D>2== ?@?\56D4C:AE 3F:=5:?8 D66>:?8=J 9@>6 E@ >65:42= DFAA=J 3FD:?6DD ~IJ86? !=FD x?4] 2?5 7@C H9:49 t{z A2:5 S`[bfd[___]k^Am

kAmp? {{r[ 2 >6>36C 7@C H9:49 :D uC2?<=:?\32D65 {6D=6J r@F49[ H2D E96 D6==6C @7 `g_g !2EE6CD@?] r@F49 E@@< A@DD6DD:@? @7 E96 AC@A6CEJ :? a_`h G:2 2 BF:E4=2:> 5665 562= 7@C H9:49 |6EC@ C64@C5D @776C ?@ 5@==2C 2>@F?E] r@F49 D66>:?8=J @A6C2E6D 96C 3@FE:BF6 :?E6C?2E:@?2= EC256 4@?DF=E:?8 7:C> x?5:8@ %C256 $@=FE:@?D 7C@> E96 3F:=5:?8 =@42E65 @? E96 AC@A6CEJ 2?5 7@C H9:49 t{z A2:5 Sb[bd_[___]k^Am

kAm#6=2E65=J[ t{z s6G6=@A>6?E 92D =2?565 2 =@2?[ G2=F65 2E Sb[b_f[d__ 7C@> p>6C:42? q2?< @7 |:DD@FC:[ 244@C5:?8 E@ 2 D6A2C2E6 5@4F>6?E]k^Am

kAmq2D65 @? 24C6286[ E96 562= :D E96 6BF:G2=6?E @7 23@FE S`eh A6C 7@@E[ 2 7:8FC6 E92E D66>:?8=J :D C62D@?23=6 7@C E96 3FJ6C[ 244@C5:?8 E@ D@FC46D]k^Am

kAmt{z @77:4:2=D 4@F=5 ?@E 36 C624965 7@C 4@>>6?E[ 2?5 E96 k6>m!@DEk^6>m H2D F?23=6 E@ 56E6C>:?6 :7 3C@<6CD H6C6 :?G@=G65 :? E96 EC2?D24E:@?]  k^Am

kAmp4C@DD !2EE6CD@? $EC66E[ r:?4:??2E:\32D65 C62= 6DE2E6 4@>A2?J p=] }6J6C H:== A2CE?6C H:E9 %96 s:?6CDE6:? r@>A2?:6D @7 w@FDE@? E@ 56G6=@A 2 >F=E:\A2C46= D:E6 H:E9 2A2CE>6?E E@H6C pDA:C6 WC625 k2 9C67lQ9EEADi^^HHH]?2D9G:==6A@DE]4@>^3FD:?6DD^56G6=@A>6?E^DE2CE\=@@>D\@?\>:5E@H?\2A2CE>6?E\AC@;64E^2CE:4=60gg2a`246\6``f\``64\2db4\dfgh5g`gh744]9E>=Q E2C86ElQ03=2?<QmkDEC@?8m96C6k^DEC@?8mk^2mX]k^Am

kAmpD E96 k6>m!@DEk^6>m 92D C6A@CE65[ >@DE C646?E=J :? |2C49[ t{z s6G6=@A>6?E :D A=2??:?8 7@C 2 $@qC@ D:E6 E96 `h\DE@CJ %96 |:=6D[ E@ @776C >:4C@ C6D:56?E:2= F?:ED 2?5 C6E2:= DA246 WC625 >@C6 k2 9C67lQ9EEADi^^HHH]?2D9G:==6A@DE]4@>^3FD:?6DD^56G6=@A>6?E^DE2CE\4@F=5\=@@>\7@C\`h\DE@CJ\D@3C@\3F:=5:?8^2CE:4=60df2342gc\3``g\``64\gd3b\4fe2hf3df2`c]9E>=Q E2C86ElQ03=2?<QmkDEC@?8m96C6k^DEC@?8mk^2mX] %96 E@H6C H:== 36 F?56CE2<6? 2E d`e[ daa 2?5 dae #6A] y@9? {6H:D (2J Wu:7E9 pG6?F6 $@FE9X]k^Am