Loading ...This is absolutely insane…A downtown Los Angeles office tower has lost a shocking $417M in value in just 3 yrs
The appraised value of the 52 story tower has plunged from $632M in 2021 to $215M
Reports are that the owner is handing the asset over to the lender – there is $465M of debt on the property
Now, there are no coincidences in politics, but there are mathematical /Fibonacci coincidences in the real (estate) world, pun intended, that involves numbers.
Rough math of the Sir Kewl2 example: 215/632 = 0.340189
And … drum roll please … in the land of the NBA and NFL and MLB celebrities’ homes … just 7.1 miles from the home of yours truly, the poor young GL …
https://www.zillow.com/homedetails/81-Eagle-Ridge-Pl-Danville-CA-94506/18435730_zpid/
In just 10 months!!!!
10M/24.998M = 0.40
Its just an auction, will probably be bought by a META/NVDA/MSFT/GOOG employee.
Nice Digs
I don’t see any Grass for Mojo though so I’ll pass for now
maybe at 2 Mill
LOL … California grows more of “the other grass” … weed
Recently walked down the 3rd street promenade in Santa Monica. About 30% of all commercial retail business’ were boarded up and for lease. I was shocked, I lived there in 2011 and it was fine after the GFC… but not after Newsom.