Los Angeles ‘Mansion Tax’ Shakes Up Commercial Property Sales

By bhhsbowen January 30, 2023 CoStar News 0 comments

The roughly 685-unit Thea at Metropolis in downtown Los Angeles at 1000 W. 8th St. sold for $504 million in November 2022. A $27.2 million transfer tax would have been levied on the seller had it sold after a new measure takes effect in April. (CoStar)
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