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Real Estate Rumors: Kort & Scott, Gatsby, RB Capital

By Andrew McIntyre ( July 11, 2017, 5:41 PM EDT) -- California developer Kort & Scott Financial Group has purchased a new apartment complex in Los Angeles for more than $80 million, the Los Angeles Times reported on Monday. The deal is for Wilshire Valencia apartments, a 218-unit complex located at 1515 Wilshire, and the seller is Sonny Astani, a Beverly Hills developer, according to the paper. The complex, completed in January, has an occupancy rate north of 90 percent, according to the report....

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