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While there is a lot of talk about trouble in the retail market, investors are continuing to line up and compete for quality deals in Southern California.
Los Angeles has passed a short-term rental ordinance to help regulate the massive popularity of short-term rental activity and helps to level the playing field for hotel owners.
The company announced earlier this year its plan to sell all 26 of its American Golf-owned properties and expects to generate nearly $175 million in capital from the sales.