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Real Estate/Development

Apr. 8, 2003

Mixed Blessings for Downtown L.A.

BY MICHAEL GOTTLIEBCREJ Assignment Editor Bank of America's decision to remain in downtown Los Angeles is a victory for the area and a sign of more good things to come.

BY MICHAEL GOTTLIEBCREJ Assignment Editor

Bank of America's decision to remain in downtown Los Angeles is a victory for the area and a sign of more good things to come.

The complex deal that will keep the firm there, signed last month, is the largest in downtown so far this year. It guarantees that the nation's largest consumer bank will keep its name atop one of the city's high-rises, and may give momentum to other large banks looking for space in the...

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