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August 7, 2013

Condo conversions inch up in Los Angeles

Universal Lofts in Studio City is one of the apartment complexes to turn to the once popular practice of converting to condos. The trend is far below peak in 2007.

Apartment building owners in Los Angeles and throughout California are once again converting to condos, but not at the torrid pace of 2007, when condo conversion peaked before the Great Recession.

The work-live units at Universal Lofts in Studio City, across the 101 Freeway from Universal Studios,

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