New ownership for L.A. hotel-condo development

01/13/2006 | Los Angeles Times (tiered subscription model)

Billionaire Philip Anschutz is partnering with KB Home to take over ownership and development of a $600 million hotel-condominium project in Los Angeles, across from Staples Center and near the Los Angeles Convention Center. The 50-story project, part of a $2.5 billion "sports-entertainment" hub called L.A. Live, will include two hotels with a total of 1,100 rooms, and 250 luxury residences.

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