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Downtown Magnet for Investors

LOS ANGELES-Ronald M. Dickerman of Madison International Realty talks to GlobeSt.com about the company's recent downtown joint venture and its growing interest in DTLA in this UPDATE to a recent story.

By Kelsi Maree Borland | Updated on October 04, 2013

LOS ANGELES-Madison International Realty‘s recent $295 million 49% ownership interest acquisition of One California Plaza demonstrates the company’s continued interest in the Downtown Los Angeles market, Madison International Realty president Ronald M. Dickerman tells GlobeSt.com in this update to a recent story.

“We are big believers in Downtown Los Angeles,” says Dickerman. Madison International Realty is the second-largest stakeholder in Thomas Properties Group Inc., who formerly owned City National Plaza downtown. “That was a successful investment for us, and we were looking for additional ways to increase our exposure,” he adds.

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