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8420-8430 Melrose Blvd.

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Melrose Avenue Retail Property Sells for $22.9 Million

A joint venture of Guggenheim Real Estate and L3 Capital, a Chicago-based investment firm, has bought an 11,300-square-foot retail property at 8420-8430 Melrose Ave. in West Hollywood for $22.9 million from American Commercial Equities, a Malibu-based limited liability company.

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