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Article: Big L.A. real estate partnership puts three holdings in Chapter 11. (Juri Ripinski, Malcolm Kingston of City Center Group of Companies.)
- Article from:
- Los Angeles Business Journal
- Article date:
- June 25, 1990
- Author:
CopyrightCOPYRIGHT 1990 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)
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Big L.A. real estate partnership puts three holdings in Chapter 11
Los Angeles investors Juri Ripinsky and Malcolm Kingston, who over the past two years have amassed a real estate empire worth an estimated $200 million, have filed three separate bankruptcies and are trying to sell off properties, the Business Journal has learned.
The multimillion dollar buying spree of Ripinsky and Kingston, who operate under the name City Center Group of Cos., includes the $55 million purchase last February of the long-term ground lease on ABC Entertainment Center in Century City, and the $35 million purchase in 1988 of eight acres in Little Tokyo where the two investors ...