Chinese Firm Owns Dozens of Empty ‘Ghost Condos’ in Downtown L.A.

The ‘Ghost Condos’ of L.A.: Why Is a Chinese State-Backed Company Holding Hundreds of Empty Units? In the middle of Los Angeles, four gleaming skyscrapers stretch toward the clouds. The glass-fronted development, dubbed Metropolis, includes two condo towers, one rental tower, and the luxury Indigo Hotel. All told, the block-long expanse includes more than 1,500
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