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Angelo Gordon Buys in Downtown Palo Alto

December 21, 20112 Mins read369
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Jon Peterson New York City-based Angelo Gordon & Co. has acquired a leasehold interest in a shuttered assisted living facility in downtown Palo Alto with the intent of converting it into an 85-room boutique hotel. The real estate fund manager paid $14.8 million, or just shy of $175,000 a room, for the former Casa Olga […]

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