Bank To Take Prime Commercial Property In Beverly Hills

British developers had paid $500 million for the site of the former Robinsons-May on Wilshire Boulevard in 2007. They had planned to develop condominiums and a hotel on the eight-acre parcel. Jet-setting British developers are set to lose their prized real estate on a prime stretch of Wilshire Boulevard in Beverly Hills on Friday as a bank controlled by Mexican billionaire Carlos Slim completes a foreclosure.

 

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