Wednesday, October 15, 2008

Grand Avenue Project to go Ahead

Korean firm to invest $100 million in Grand Avenue project
Los Angeles Times - CA, USA
The developer of the massive Grand Avenue project in downtown Los Angeles said Tuesday that it had secured an additional financial partner for the long-delayed project.
The Korean investment firm Honua Group will invest $100 million in capital funds in the first phase of the project, which has been subjected to a series of delays as the credit market has tightened. ...

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