Racked LA picked up LA's Observed's warning: "American Apparel reported a first-quarter operating loss of $17.6 million, and they may be close to defaulting on an $80 million loan." But, as LA Observed points out, the company's ownership structure may help save it. [Racked LA]
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Koreatown Craftsman With Lots of Hand-Carved Woodwork Asks $1.5M
Built in 1910, the house sits on a lush property that includes a recording studio out back.
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