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The Latigo Group secured the construction loan to develop the city's first major multifamily project in more than a decade, as part of the Thousand Oaks Boulevard Specific Plan.
The seller, the Teachers Retirement System of the State of Illinois, purchased the property in a foreclosure auction in 2011 for $57 million, about a 31% decline in its market value.
If the stay at home order were lifted this week, death rates and hospitalizations would start rising sharply by the middle of May. It's projected that the peak death rate and peak resource needs would be almost as high as if there were never any mitigation measures put in place.