Real Estate/Development
Jun. 28, 2012
Real Estate Deals
Manatt, Phelps & Phillips LLP helped Beverly Hills developer Sonny Astani sell a long vacant downtown Los Angeles lot for $63 million -- a sum Astani described as one of the most expensive land deals ever in the area.
Manatt hammers out $63 million downtown LA land sale
Manatt, Phelps & Phillips LLP helped Beverly Hills developer Sonny Astani sell a long vacant three-acre lot in downtown Los Angeles for $63 million - a sum Astani described as one of the most expensive land deals ever in the area.
Astani sold the land, which is fully entitled for a 700-unit, low-rise steel and glass apartment building with rooftop pool, to a ...
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