Real Estate Alert has the story of a dusty available parcel at 9200 Wilshire. According to the site, Los Angeles developer Hagop Sargisian (through his HDS Group) bought the site in 2008 for $54 million, planning condominiums and 14,000 square feet of restaurant/retail on the site. In 2008, Globe St. covered HDS' financing on the project, and everyone got to see an image of what was planned for the site. Sargisian defaulted on the loans, and the site is now available for sale. CB Richard Ellis has the listing, but no asking price is mentioned.
· Bank Markets Foreclosed Property [RealAlert]
· 9200 Wilshire [Loopnet]