Jannone Development is preparing to turn an apartment complex in Koreatown into condominiums. The Los Angeles-based developer secured a $20 million refinancing loan from JLL for The Secret, a 39-unit multifamily property built last year, L.A. Business First reported. The property at 3050 West 11th Street was initially designed as for-sale condominiums but pivoted to apartments during construction. The building hosts a combination of one-, two- and three-bedroom units across more than 46,500 square feet. Jannone will now move to return to its original plan. Jannone looks to complete the apartment-to-condo conversion and sales process over the next 18 to […]
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