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CREJ Next Level

Mar. 9, 2010

Condo Developers Caught in the Crossfire

By KEELEY WEBSTER CREJ Staff Writer During the real estate boom, Los Angeles residential developers reached for the sky with an unprecedented burst of high-end, high-rise projects.

By KEELEY WEBSTER

CREJ Staff Writer

During the real estate boom, Los Angeles residential developers reached for the sky with an unprecedented burst of high-end, high-rise projects.

They've since come crashing to the earth in the wake of bankruptcies, forced auctions, halted sales and empty projects.

Of the 26 condominium projects with units to sell in Los Angeles, six have put sales on hold, three went to auction and seven have yet to...

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