Frank Binder Throws Down Another $30 Million for the Infamous 1 Electra Court Palace
As we stare down the final weeks of 2018, the great Woodbridge sell-off continues.
Those of you who have been following this site (or real estate news in general) for some time should already be familiar with this saga: Woodbridge, the investment front for a now-defunct billion dollar Ponzi scheme, hoovered up dozens of prime LA properties over the last few years. After they were sued by the SEC, however, they went belly-up, eventually reached a settlement, and now their choicest real estate is surfacing on the market as part of ongoing bankruptcy/asset liquidation proceedings.
