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The Mountain Of Beverly Hills Auction Stalled, Ownership Transferred To Tower Park Properties

Posted Thursday, August 15, 2019 - 6:40 pm

By Victoria Talbot

The priciest real estate ever to hit Los Angeles is going on the auction block, which was originally supposed to happenprior to deadline Thursday. The sale was delayed.

“The notice of sale had the wrong address and the property was transferred back to the borrower who has a pending chapter 11 bankruptcy case,” said local Beverly Hills attorney Ronald Richards, who represents Secured Capital Partners (SCP). “Also, we are negotiating with the lender to buy the debt.”

For full story see the print edition of The Beverly Hills Courier, or download the e-edition.

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