Hines has made an end run around L.A.'s “mansion tax” by buying a 140-unit apartment complex in nearby Pasadena for $60 ...

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Hines bought a 140-unit Pasadena apartment complex for $60M, or roughly $429K per unit. The property, the Pasadena Gateway Villas, sits just south of Lake Avenue and the 210 Freeway at 290 N. Hudson ...