Where's my condo?

Downtown developer Sonny Astani is asking a judge to let him close the sales on 77 units of his Concerto development that have gotten caught up in a bankruptcy filing and the government takeover of Astani's lender, Corus bank. As reported by Curbed L.A.'s Dakota Smith, the new owner of the loan is an entity called Corus Construction Ventures. None of which would be all that interesting except for the fact that 77 buyers are trying to get their deals closed. Ah, the perils of downtown living....


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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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