Morguard Completes Acquisition of Luxury Multi-Purpose Complex in Los Angeles
- Los Angeles
- Expansion in new markets
Our increased investment in this strategically-located luxury property strengthens our commitment to multi-suite residential and commercial assets in the United States. - K. Rai Sahi, Chairman and CEO of Morguard
Morguard Corporation has acquired the remaining 40.9% ownership of Lumina, a premium mixed-use property in Los Angeles, the second largest city in the US by population. With this acquisition, Morguard has increased its ownership to 100%, expanding its investment in the state of California and the United States. For more information, read the official press release.