More than half the units in downtown L.A.'s most prominent residential tower are finally sold as the region's long-suffering condominium market turns around, industry observers said. Foreign investors and wealthy Southern California residents in search of a pied-a-terre have helped drive sales over the halfway mark at the Ritz-Carlton Residences at L.A. Live, developer AEG said. The condos were planned during the housing boom of the mid-2000s, when AEG decided to crown its $2.5-billion L.A. Live entertainment, restaurant, office and hotel complex with 224 condos that would be serviced by the Ritz-Carlton hotel. Work on L.A. Live began in 2007 with high expectations for sales of the...
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