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LOS ANGELES-Shenzhen New World Group Co., Ltd., a real estate development firm based in China, has bought the Sheraton Universal Hotel, a 451-room hotel, for $90 million.
SAN DIEGO-Gustavo V. and Joan A. Rico have sold an apartment complex having 14 units at 633 North Fig St. in Escondido to Donald G. and Barbara L. Palmer for an amount of $1.215 million.