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Condo conversion.


The Kor kor  
n.
See homer2.



[Hebrew kôr, from Akkadian kurru, from Sumerian gur, a unit of measurement.]

Noun 1.
 Group Inc. has sold its 80-unit Sterling Apartments building to StarPoint Properties LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
 for $15 million.

StarPoint, which has converted rental properties into condominiums, is paying $187,500 per unit for the East Hollywood property, a price that is high but not unheard of Not heard of; of which there are no tidings.
Unknown to fame; obscure.
- Glanvill.

See also: Unheard Unheard
 for a multi-family building in the area.

The three-story Sterling Apartments, located at 1800 N. Normandie Ave., between Franklin Avenue Franklin Avenue can refer to:
  • Franklin Avenue (Brooklyn), a street in New York City
  • Franklin Avenue (New York City Subway), a station on the New York City subway system
  • Franklin Avenue (Los Angeles), a street in Los Angeles
 and Hollywood Boulevard For uses other than the original street, see Hollywood Boulevard (disambiguation).
Hollywood Boulevard is a boulevard in Hollywood, Los Angeles, California, United States, beginning at Sunset Boulevard in the east and running northwest to Vermont Avenue, where it straightens out
, is about 96 percent leased.

Starpoint is planning to invest $1.8 million into renovating the property, which will get spruced-up common areas, remodeled kitchens and bathrooms and new hardwood floors.

"This apartment building is in a prime stage for renovation and a reposition with an opportunity for condo conversion in the future," Paul Daneshrad, StarPoint's chief executive, said in a statement. "Our goal is to create a safe and more attractive community for all local Hollywood residents."

Both buyer and seller were represented by Kitty Wallace, a senior vice president at Sperry Van Ness.
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Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Title Annotation:REAL ESTATE; Kor Group Inc.; StarPoint Properties LLC
Comment:Condo conversion.(REAL ESTATE)(Kor Group Inc.)(StarPoint Properties LLC)
Author:Fixmer, Andy
Publication:Los Angeles Business Journal
Article Type:Brief article
Geographic Code:1U9CA
Date:Apr 10, 2006
Words:164
Previous Article:Deal of a lifetime.(REAL ESTATE)(theme tower lease)(Brief article)
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