Not currently logged in. [Login or Create an Account]

Luma Sells Out in Seven Hours

By Eric Richardson
Published: Friday, September 30, 2005, at 12:29AM

DOWNTOWN LOS ANGELES — From a press release that ran yesterday on Business Wire:

The South Group sold all 191 available units in Luma, its second downtown condominium high rise, in a mere seven hours during last weekend's reservation event.

The sales represent over $160 million in product.

The Luma tower's residences, on the corner of 11th and Hope Streets, sold from $440,000 for an 850-plus square foot softloft to over $2.4 million for a 2700-plus square foot penthouse in the 19-story building.

That's amazing. Apparently word of a possible future "correction" in housing price hasn't reached these buyers.

SHARE:

Tweet This Story || Share on Facebook


Conversation

 

shannon on September 30, 2005, at 04:52PM – #1

damn. thanks for the info.



Add Your Voice

COMMENT GUIDELINES:
Keep it civil, everyone. If you're attacking people instead of arguments, or being overly profane, expect your comment to get deleted.
Comments should be on topic for the story they are posted on or they will be removed.
Use the live preview below to see how your comment will look before posting.

YOUR IDENTITY:

Either sign in below or just skip down to the comment box and type away. If you don't sign in, your comment will be left under the name "Guest."

Why sign in? We believe that the best conversation takes place between people, not between randomly-created pseudonyms.

Email:

Password:

 

 

Sign in with Twitter

or: Create a blogdowntown account




COMMENT:
FORMATTING BASICS:

blogdowntown uses Markdown formatting.

_Italics_
__Bold__
<http://url.to.link>
[link text](http://url)

PREVIEW:

Start typing...