Sunday, April 18, 2010

Tubleweed Blowing Through Los Angeles?

Los Angeles is riddled with lots... Once prime commercial areas are no longer attractive to developers. Since 2007 commercial real estate in Los Angeles has plummeted to in value up to 60%. Abandon projects have led to parking lots where 76-story condominium towers were once planned. The current state of the commercial market is definitely reason for concern, as it reflects the poor condition of our economy.

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