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Title : Thank You, Federal Reserve: Los Angeles Plot Of Field For $1 Billion
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Thank You, Federal Reserve: Los Angeles Plot Of Field For $1 Billion

From The New York Times:

 A belongings almost to larn on the marketplace orbit hither consists of 157 acres of hilltop solid reason inwards the coveted Beverly Hills 90210 ZIP code, a 10-minute crusade from Rodeo Drive. With its 360-degree views, y'all tin dismiss location many of Los Angeles’s major landmarks inwards the distance, from Century City to downtown, as well as fifty-fifty — on a clear twenty-four hours — the Pacific Ocean. There are winding, soul roads that Pb to big, apartment lawns the size of football game fields.

The bespeak price? Influenza A virus subtype H5N1 cool $1 billion... 

 No ane has even as well as thence to come upward but about crossing that threshold, at to the lowest degree non publicly. In 2014, an 18-acre oceanfront Hamptons chemical compound sold for $137 ane K m — the tape for a single-family dwelling inwards the United States. This year, a Malibu belongings sold for $110 million, Los Angeles County’s electrical current record. Influenza A virus subtype H5N1 Saudi prince paid $300 ane K m for a belongings inwards France, idea to hold upward the highest toll always paid for a dwelling inwards the world...

Billy Rose, a co-founder as well as the president of the Agency, a luxury existent estate brokerage that is unaffiliated alongside the billion-dollar listing, said apartment lots inwards the priciest neighborhoods of Los Angeles as well as Beverly Hills could larn for nearly $20 ane K m per acre, as well as higher if they convey views.

“We’re seeing prices for solid reason that we’ve never seen before,” he said.

-RW  

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