It's always interesting when developers sell projects that are under construction: the LABJ reports that Fifield Cos. has sold its Club View development in the Wilshire Corridor to a Dubai developer for $95.4 million. The 35-unit development got a lot of ink last year when it was announced the penthouse would sell for $18 million.
From the story: "Fifield, which co-developed the project with Raleigh Enterprises Inc., took the unusual step earlier this year of putting the incomplete project on the market, along with two other California condo developments. Construction of the 21-story tower at 1200 S. Club View Drive just west of the Los Angeles Country Club began in November; so far the foundations and underground levels have been completed."
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