04/05/2007
According to Daniel Gohari, VP and director of commercial assets for the Moinian Group, the firm has acquired the International Jewelry Center located in Los Angeles, CA for a cool $144 million dollars.
Located in the downtown jewelry district, the multi-story center was built over 25 years ago and has over 300 jewelry related outlets from around the world, with on-site jewelry manufacturing tools and high tech security features.
The Moinian Group also owns other lots in the downtown area designated for future development as multi-story rental and commercial buildings. The Moinian Group is one of the real estate industry's top development firms.
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