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Downtown Buildings Selling For A Song

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Downtown buildings are selling--and for cheap, reports the Downtown News. In October, 6000 Gramercy Place LLC purchased a 24-unit building at 1416 Olympic Blvd for $1.16 million, while an 18-unit building at 1322 Catalina Ave. was sold to Fairfax Investments LLC for a little over $1 million. All the buildings "contained small units, all studios, singles or one-bedrooms." [Downtown News]