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07/01/07
Developer claims Arcadia neighbors’ group stalling plans
Filed under: General, Real Estate
Posted by: Lillian Wong @ 10:57 pm

Opus West Corp. executives are accusing the Arcadia Camelback Mountain Neighborhood Association of trying to stymie development efforts at the southeast corner of 44th Street and Camelback Road. Despite heated opposition to Opus West’s planned mixed-use condo project, JPMorgan Chase & Co., which owns the land in question, is legally bound to sell 1.4 of its 5 acres at the site to Opus. The parties entered into escrow on the land in December 2006.  More…

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