Ohio REIT Enters Hollywood With Apt. Building Plans

Law360, New York (May 9, 2012, 7:47 PM EDT) -- Associated Estates Realty Corp., an Ohio-based real estate investment trust, picked up more than two acres of prime real estate near California's iconic Hollywood sign on Tuesday and plans to build a luxury apartment building complex for its first foray into the area.

Scooping up an iconic 78,800-square-foot office and retail complex with its purchase from Desmond's 5500 Wilshire LLC, the trust plans to build 175 apartments and a new garage on a neighboring parking lot, it said. Terms of the deal were not available and...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.