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Condominium Development
Transaction Summary & Investment Strategy
In 2004, CGI acquired five adjoining lots occupied with single-family residences and smaller apartment buildings. Working with its team of architects and engineers, CGI entitled the property and built a 50 unit condominium building over a two level subterranean parking garage. After completing construction on schedule, CGI sold 48 of the units and kept the remaining two as rental units.
Transaction Details
Property Address |
6938 Laurel Canyon Blvd, Los Angeles, CA |
Asset Type |
Luxury Condominium Development |