Commercial Construction & Renovation
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Mani Brothers acquires Malibu Beach Inn for nearly $80 million

DreamWorks Studios co-founder David Geffen has sold his 47-room Malibu Beach Inn in Los Angeles County to Mani Brothers Real Estate Group for almost $80 million. The sale price of about $1.7 million per room was the highest valuation ever recorded for any hotel in California. Read The Wall Street Journal/Developments blog here

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Commercial Construction & Renovation
The Official Networking Group
of CCR Magazine