David beats Goliath in LA's real estate battles
Community-based efforts to control development have increased in response to a Los Angeles construction revival
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Los Angeles
TARGET Corp stopped construction of a new store. Real estate investor CIM Group was ordered to suspend leasing at a 301-unit apartment tower. And Millennium Partners' US$664 million high-rise complex may never get off the ground.
All three projects, located in the Hollywood area of Los Angeles, were held up by Robert Silverstein, who has emerged as the go-to attorney for community groups seeking to slow growth in the second-largest US metropolis.
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