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Roosevelt Lofts Speaketh

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They decline to comment on the buyer "we claim you won't let us out of contracts" lawsuit, but Roosevelt Lofts developer Milbank talks to the Downtown News about the status of the project. "Meanwhile, Milbank has reduced its condo prices by about 15% throughout the building and has sold 68 units, said sales director Randelle Green. No sales have closed yet, but Green said he expects the first escrows to be finished within two weeks. The building also recently sold a top-floor penthouse originally offered at $2.25 for about $2 million, he said." The building at 7th and Flower has 222 units. [DN]

Roosevelt Lofts

727 W. Seventh St., Los Angeles, CA