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The Finance Ministry may consider a proposal by property developer associations on approving stimulus relief for outstanding mortgage loans totalling 600 billion baht as a means to improve sentiment regarding property stock, especially in the condo segment, says Asia Plus Securities (ASP). On Dec 9, property developers submitted a letter to the ministry proposing five…

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Rockwood Capital and Lincoln Property Company sold a Downtown Los Angeles tower for $196 million, among the priciest office deals to close this year. German investment firm Deka Immobilien acquired the 388,000-square-foot building at 915 Wilshire Boulevard, according to Commercial Observer. The 22-story tower is 90 percent leased to 30 tenants. The federal government’s General…

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