|
|
Article: Ex-billionaire sheds another office property: Louis Gonda's firm sells Beverly Hills building for $11 million.(SALE)
- Article from:
- Los Angeles Business Journal
- Article date:
- August 3, 2009
- Author:
CopyrightCOPYRIGHT 2009 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
LEXINGTON Commercial Holdings, the investment company of former billionaire Louis Gonda, has sold off its second property in recent months.
A six-story, Class A office building at 9300 Wilshire Blvd. in Beverly Hills waded hands July 23 in an off-market deal. RP Properties, a Beverly Hills real estate investment company, purchased the building for about $11 million.
The sale provides a cash infusion for Gonda, whose wealth is tied to shares of American Intemational Group Inc., the giant New York insurance company that saw its stock plummet in the fall when it needed a massive bailout from the government.
The 58,484-square-foot building is on a ...